TESARO, Inc. (TSRO) Stake Lowered by Axa
Axa decreased its position in TESARO, Inc. (NASDAQ:TSRO) by 6.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 64,149 shares of the biopharmaceutical company’s stock after selling 4,437 shares during the quarter. Axa owned approximately 0.12% of TESARO worth $8,972,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Botty Investors LLC bought a new position in shares of TESARO in the second quarter valued at approximately $140,000. Meeder Asset Management Inc. bought a new position in shares of TESARO in the first quarter valued at approximately $177,000. Oppenheimer Asset Management Inc. raised its position in shares of TESARO by 3,042.6% in the second quarter. Oppenheimer Asset Management Inc. now owns 1,477 shares of the biopharmaceutical company’s stock valued at $206,000 after purchasing an additional 1,430 shares during the period. BB&T Securities LLC bought a new position in shares of TESARO in the second quarter valued at approximately $222,000. Finally, Fox Run Management L.L.C. bought a new position in shares of TESARO in the second quarter valued at approximately $224,000.
In other TESARO news, VP Grant C. Bogle sold 14,167 shares of the company’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $135.00, for a total value of $1,912,545.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Edward C. English sold 10,862 shares of the company’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $134.92, for a total value of $1,465,501.04. Following the completion of the transaction, the vice president now directly owns 6,258 shares in the company, valued at $844,329.36. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,100 shares of company stock worth $3,387,465. Insiders own 34.60% of the company’s stock.
Shares of TESARO, Inc. (TSRO) opened at 118.22 on Wednesday. TESARO, Inc. has a 1-year low of $91.76 and a 1-year high of $192.94. The firm’s market cap is $6.41 billion. The firm’s 50-day moving average is $123.15 and its 200-day moving average is $141.79.
TESARO (NASDAQ:TSRO) last issued its quarterly earnings data on Tuesday, August 8th. The biopharmaceutical company reported ($2.82) EPS for the quarter, missing analysts’ consensus estimates of ($2.52) by ($0.30). TESARO had a negative net margin of 1,301.19% and a negative return on equity of 104.00%. The firm had revenue of $29.50 million during the quarter, compared to analyst estimates of $18.61 million. During the same period in the prior year, the company earned ($1.28) earnings per share. The business’s quarterly revenue was down 17.6% compared to the same quarter last year. On average, analysts anticipate that TESARO, Inc. will post ($8.67) EPS for the current fiscal year.
A number of research firms have recently commented on TSRO. Cowen and Company set a $145.00 price target on shares of TESARO and gave the company a “hold” rating in a research report on Saturday, June 10th. Janney Montgomery Scott set a $139.00 price target on shares of TESARO and gave the company a “hold” rating in a research report on Saturday, June 10th. Credit Suisse Group set a $190.00 price target on shares of TESARO and gave the company a “buy” rating in a research report on Friday, August 18th. Robert W. Baird reissued a “neutral” rating on shares of TESARO in a research report on Tuesday, June 6th. Finally, FBR & Co dropped their price target on shares of TESARO from $200.00 to $195.00 and set a “mkt perform” rating on the stock in a research report on Monday, June 5th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $175.15.
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TESARO, Inc is an oncology-focused biopharmaceutical company. The Company operates through the business of developing and commercializing of oncology-focused therapeutics segment. It is developing oncology-related product candidates, including rolapitant, niraparib and the product candidates under its immuno-oncology platform.
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