Sigma Planning Corp trimmed its position in shares of Sarepta Therapeutics Inc (NASDAQ:SRPT) by 2.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,741 shares of the biotechnology company’s stock after selling 485 shares during the period. Sigma Planning Corp’s holdings in Sarepta Therapeutics were worth $2,591,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the business. Cornerstone Advisors Inc. raised its position in shares of Sarepta Therapeutics by 71.0% during the 4th quarter. Cornerstone Advisors Inc. now owns 265 shares of the biotechnology company’s stock worth $29,000 after buying an additional 110 shares in the last quarter. Lindbrook Capital LLC purchased a new position in shares of Sarepta Therapeutics in the first quarter worth approximately $35,000. Quad Cities Investment Group LLC increased its position in shares of Sarepta Therapeutics by 100.0% in the first quarter. Quad Cities Investment Group LLC now owns 400 shares of the biotechnology company’s stock worth $48,000 after acquiring an additional 200 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new position in shares of Sarepta Therapeutics in the fourth quarter worth approximately $51,000. Finally, Quadrant Capital Group LLC purchased a new position in shares of Sarepta Therapeutics in the first quarter worth approximately $51,000.
In other Sarepta Therapeutics news, Director Hans Lennart Rudolf Wigzell sold 10,000 shares of the stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $120.00, for a total transaction of $1,200,000.00. Following the sale, the director now owns 21,717 shares of the company’s stock, valued at approximately $2,606,040. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 6.60% of the stock is owned by corporate insiders.
Shares of SRPT stock traded down $4.59 during mid-day trading on Wednesday, reaching $118.12. The company’s stock had a trading volume of 732,243 shares, compared to its average volume of 1,224,752. The company has a debt-to-equity ratio of 0.35, a quick ratio of 11.15 and a current ratio of 12.17. Sarepta Therapeutics Inc has a 1-year low of $90.00 and a 1-year high of $176.50. The stock has a market cap of $8.96 billion, a price-to-earnings ratio of -21.63 and a beta of 1.98.
Sarepta Therapeutics (NASDAQ:SRPT) last posted its earnings results on Wednesday, May 8th. The biotechnology company reported ($1.07) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($2.05) by $0.98. Sarepta Therapeutics had a negative net margin of 124.66% and a negative return on equity of 36.26%. The business had revenue of $87.01 million for the quarter, compared to analyst estimates of $86.92 million. On average, sell-side analysts predict that Sarepta Therapeutics Inc will post -4.33 earnings per share for the current year.
Several research firms have recently weighed in on SRPT. Zacks Investment Research raised shares of Sarepta Therapeutics from a “sell” rating to a “hold” rating in a research report on Wednesday, March 13th. BidaskClub downgraded shares of Sarepta Therapeutics from a “hold” rating to a “sell” rating in a research report on Friday, March 22nd. ValuEngine raised shares of Sarepta Therapeutics from a “buy” rating to a “strong-buy” rating in a research report on Thursday, May 9th. Evercore ISI began coverage on shares of Sarepta Therapeutics in a research report on Thursday, April 11th. They set an “outperform” rating and a $175.00 price objective on the stock. Finally, BTIG Research set a $190.00 price objective on shares of Sarepta Therapeutics and gave the company a “buy” rating in a research report on Wednesday, April 17th. One investment analyst has rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company. Sarepta Therapeutics presently has an average rating of “Buy” and a consensus target price of $199.35.
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Sarepta Therapeutics Profile
Sarepta Therapeutics, Inc focuses on the discovery and development of RNA-based therapeutics, gene therapy, and other genetic medicine approaches for the treatment of rare diseases. The company offers EXONDYS 51, a disease-modifying therapy for duchenne muscular dystrophy (DMD). Its products pipeline include Golodirsen, a product candidate that binds to exon 53 of dystrophin pre-mRNA, which results in exclusion or skipping of exon during mRNA processing in patients with genetic mutations; and Casimersen, a product candidate that uses phosphorodiamidate morpholino oligomer (PMO) chemistry and exon-skipping technology to skip exon 45 of the DMD gene.
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