TESARO, Inc. (TSRO) Earns Hold Rating from Robert W. Baird
Robert W. Baird restated their hold rating on shares of TESARO, Inc. (NASDAQ:TSRO) in a report released on Friday morning. Robert W. Baird currently has a $120.00 price target on the biopharmaceutical company’s stock.
Other analysts have also issued research reports about the stock. Cann reissued a buy rating and issued a $199.00 price target on shares of TESARO in a report on Friday, September 8th. SunTrust Banks, Inc. reissued a buy rating and issued a $235.00 price target on shares of TESARO in a report on Sunday, August 20th. Credit Suisse Group set a $198.00 price target on shares of TESARO and gave the company a buy rating in a report on Wednesday, July 19th. Citigroup Inc. reissued a buy rating and issued a $216.00 price target on shares of TESARO in a report on Monday, September 11th. Finally, Oppenheimer Holdings, Inc. reaffirmed a buy rating and set a $199.00 target price on shares of TESARO in a report on Sunday, September 10th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. TESARO currently has a consensus rating of Hold and a consensus target price of $161.72.
Shares of TESARO (NASDAQ:TSRO) opened at $91.09 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.35 and a current ratio of 4.73. TESARO has a fifty-two week low of $89.00 and a fifty-two week high of $192.94.
TESARO (NASDAQ:TSRO) last posted its quarterly earnings data on Tuesday, November 7th. The biopharmaceutical company reported ($0.47) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.16) by $0.69. The company had revenue of $142.77 million during the quarter, compared to analyst estimates of $130.57 million. TESARO had a negative net margin of 251.22% and a negative return on equity of 93.39%. The company’s revenue was up 740.3% on a year-over-year basis. During the same quarter last year, the business posted ($1.72) earnings per share. equities analysts expect that TESARO will post -8.18 earnings per share for the current fiscal year.
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In other news, VP Grant C. Bogle sold 14,167 shares of the business’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $135.00, for a total transaction of $1,912,545.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Martin H. Jr. Huber sold 592 shares of the business’s stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $118.60, for a total transaction of $70,211.20. Following the transaction, the senior vice president now owns 6,943 shares in the company, valued at $823,439.80. The disclosure for this sale can be found here. Insiders have sold a total of 35,692 shares of company stock worth $4,628,976 over the last 90 days. 34.60% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in TSRO. Exane Derivatives acquired a new position in TESARO in the 3rd quarter valued at about $106,000. Botty Investors LLC acquired a new position in TESARO in the 2nd quarter valued at about $140,000. Nordea Investment Management AB acquired a new position in TESARO in the 2nd quarter valued at about $167,000. Oppenheimer Asset Management Inc. grew its stake in TESARO by 3,042.6% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 1,477 shares of the biopharmaceutical company’s stock valued at $206,000 after buying an additional 1,430 shares during the last quarter. Finally, Toronto Dominion Bank grew its stake in TESARO by 244.6% in the 3rd quarter. Toronto Dominion Bank now owns 1,592 shares of the biopharmaceutical company’s stock valued at $206,000 after buying an additional 1,130 shares during the last quarter.
TESARO Company Profile
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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