Investors Buy Large Volume of Crispr Therapeutics Put Options (CRSP)
Crispr Therapeutics AG (NASDAQ:CRSP) was the recipient of unusually large options trading activity on Tuesday. Investors acquired 4,694 put options on the stock. This is an increase of approximately 804% compared to the typical volume of 519 put options.
NASDAQ:CRSP opened at $35.06 on Thursday. Crispr Therapeutics has a 52 week low of $17.40 and a 52 week high of $73.90. The company has a market cap of $1.77 billion, a P/E ratio of -20.50 and a beta of 3.75.
Crispr Therapeutics (NASDAQ:CRSP) last posted its earnings results on Thursday, November 8th. The company reported ($1.07) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.74) by ($0.33). Crispr Therapeutics had a negative net margin of 331.84% and a negative return on equity of 40.41%. The firm had revenue of $0.56 million for the quarter, compared to analysts’ expectations of $2.64 million. During the same period in the previous year, the company earned ($0.62) EPS. The company’s revenue was down 76.6% on a year-over-year basis. As a group, equities analysts forecast that Crispr Therapeutics will post -3.26 EPS for the current fiscal year.
A number of large investors have recently bought and sold shares of CRSP. Rockefeller Capital Management L.P. purchased a new stake in Crispr Therapeutics during the second quarter valued at approximately $116,000. TRUE Private Wealth Advisors acquired a new position in Crispr Therapeutics during the 3rd quarter valued at approximately $122,000. Signaturefd LLC increased its stake in Crispr Therapeutics by 123.8% during the 2nd quarter. Signaturefd LLC now owns 2,350 shares of the company’s stock valued at $138,000 after purchasing an additional 1,300 shares in the last quarter. First Mercantile Trust Co. acquired a new position in Crispr Therapeutics during the 2nd quarter valued at approximately $141,000. Finally, SeaCrest Wealth Management LLC increased its stake in Crispr Therapeutics by 202.9% during the 2nd quarter. SeaCrest Wealth Management LLC now owns 2,726 shares of the company’s stock valued at $160,000 after purchasing an additional 1,826 shares in the last quarter. 40.19% of the stock is owned by institutional investors.
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Crispr Therapeutics Company Profile
CRISPR Therapeutics AG, a gene editing company, focuses on developing transformative gene-based medicines for the treatment of serious human diseases using its regularly interspaced short palindromic repeats associated protein-9 (CRISPR/Cas9) gene-editing platform in Switzerland. Its lead product candidate is CTX001, which targets sickle cell disease and beta-thalassemia with an ex vivo approach whereby cells are harvested from a patient, treated with a CRISPR/Cas9-based therapeutic and reintroduced into the patient.
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