Crispr Theraptc (NASDAQ:CRSP) Releases Quarterly Earnings Results, Beats Estimates By $0.06 EPS
Crispr Theraptc (NASDAQ:CRSP) released its quarterly earnings results on Thursday. The company reported ($0.56) earnings per share for the quarter, beating the consensus estimate of ($0.62) by $0.06, Briefing.com reports. The firm had revenue of $3.60 million for the quarter, compared to the consensus estimate of $3.29 million. Crispr Theraptc’s revenue for the quarter was up 350.0% on a year-over-year basis.
Crispr Theraptc (NASDAQ:CRSP) traded up 7.98% during trading on Friday, hitting $19.22. The stock had a trading volume of 577,867 shares. The stock’s market cap is $768.74 million. Crispr Theraptc has a 12 month low of $11.63 and a 12 month high of $25.00. The firm has a 50 day moving average of $17.00 and a 200-day moving average of $17.49.
In other news, Director Kurt Von Emster sold 81,435 shares of Crispr Theraptc stock in a transaction on Tuesday, June 27th. The shares were sold at an average price of $17.08, for a total transaction of $1,390,909.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Rodger Novak sold 50,000 shares of Crispr Theraptc stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $16.26, for a total transaction of $813,000.00. Following the sale, the chief executive officer now owns 1,239,082 shares of the company’s stock, valued at $20,147,473.32. The disclosure for this sale can be found here. Insiders have sold 543,814 shares of company stock valued at $9,232,047 over the last quarter. Insiders own 39.98% of the company’s stock.
A hedge fund recently bought a new stake in Crispr Theraptc stock. Vanguard Group Inc. acquired a new stake in Crispr Theraptc (NASDAQ:CRSP) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 17,019 shares of the company’s stock, valued at approximately $273,000. Institutional investors and hedge funds own 24.08% of the company’s stock.
Several equities analysts have recently weighed in on CRSP shares. SunTrust Banks, Inc. started coverage on Crispr Theraptc in a report on Thursday, July 13th. They set a “hold” rating and a $16.00 price target on the stock. Cann started coverage on Crispr Theraptc in a report on Monday, July 17th. They set a “market perform” rating on the stock. Finally, Oppenheimer Holdings, Inc. reiterated a “market perform” rating on shares of Crispr Theraptc in a report on Tuesday, July 18th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Crispr Theraptc has an average rating of “Buy” and an average target price of $21.92.
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About Crispr Theraptc
Crispr Therapeutics AG is a Switzerland-based gene-editing company. The Company focuses on the development of transformative gene-based medicines for serious diseases using its Clustered Regularly Interspaced Short Palindromic Repeats (CRISPR)/Cas9 gene-editing platform. CRISPR/Cas9 can be programmed to cut, edit and correct disease-associated deoxyribonucleic acid (DNA) in a patient’s cell.
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