World news – SVB Leerink increases Bluebird Bio (NASDAQ: BLUE) target price to USD 72.00


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The target price of bluebird bio (NASDAQ: BLUE) was determined by analysts of SVB Leerink in a research published on Monday Benzinga reports that the note has been raised from USD 69.00 to USD 72.00. The broker currently has an « Outperform » rating for the biotech company’s stock. SVB Leerink’s price target indicates a potential plus of 140.16% compared to the share’s last closing price.

A number of other research analysts recently also rated the company. BMO Capital Markets raised its price target for Bluebird Bio from USD 31.00 to USD 35.00 and rated the company in a report on Monday as « market performance ». Zacks Investment Research upgraded Bluebird Bio from a « sell » rating to a « hold » rating in a report on Thursday, February 18, and set a price target of $ 29.00 on the stock. Maxim Group downgraded Bluebird Bio from a « Buy » rating to a « Hold » rating in a report on Wednesday December 9th. Morgan Stanley cut its price target on Bluebird Bio from $ 50.00 to $ 45.00 and posted an « equilibrium » rating for the stock in a report on Monday March 8th. Finally, Bank of America downgraded Bluebird Bio from a « buy » rating to a « neutral » rating in a report on Tuesday, February 16. Thirteen analysts have rated the stock with a hold rating and five with a buy rating. The stock has an average rating of « Hold » and a consensus price target of $ 59.38.

Bluebird Bio stock opened at $ 29.98 on Monday. The company has a market cap of $ 2.01 billion, value for money of -2.73, and a beta of 1.89. bluebird bio has a 1 year low of $ 24.24 and a 1 year high of $ 72.50. The company’s 50-day moving average price is $ 33.74 and the two-day moving average is $ 45.50. (adsbygoogle = window.adsbygoogle || []). push ({});

bluebird bio (NASDAQ: BLUE) last released its quarterly earnings data on Monday, February 22nd. The biotech company reported earnings per share of $ 3.01 for the quarter, with analysts’ consensus estimate of $ 2.96 missing by $ 0.05. bluebird bio had a negative return on equity of 45.78% and a negative net margin of 256.84%. The company had revenue of $ 10.71 million for the quarter, compared to analyst estimates of $ 15.01 million. For the same period last year, the company had earnings per share of $ 4.04. The company’s quarterly revenue increased 7.1% year over year. Analysts assume that Bluebird Bio will show an EPS of -10.02 for the current financial year.

In other Bluebird bio news, CFO William D. Baird III sold 1,216 shares in the company on Friday, February 12. The stock sold at an average price of $ 45.52 for a total value of $ 55,352.32. Upon completion of the transaction, the CFO now holds 21,581 shares in the company valued at approximately $ 982,367.12. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In addition, Chief Financial Officer William D. Baird III sold 949 shares in the company on Wednesday, January 6. The shares were sold at an average price of $ 45.05 for a total value of $ 42,752.45. Upon completion of the transaction, the CFO now directly holds 23,194 shares in the company valued at approximately $ 1,044,889.70. The disclosure for this sale can be found here. In the past ninety days, insiders have sold 3,791 shares in the company, valued at $ 150,861. Insiders own 3.60% of the company’s stock.

Hedge funds recently added or reduced their stake in the company. Whittier Trust Co. increased its stake in Bluebird Bio by 100.0% in the fourth quarter. Whittier Trust Co. now owns 720 shares in the biotechnology company, valued at $ 32,000, after purchasing an additional 360 shares during the period. Perigon Wealth Management LLC bought a new stake in Bluebird Bio worth around $ 40,000 in the fourth quarter. Sugarloaf Wealth Management LLC acquired a new stake in Bluebird Bio worth approximately $ 43,000 in the fourth quarter. AdvisorNet Financial Inc increased its position in Bluebird Bio by 38.0% in the fourth quarter. AdvisorNet Financial Inc now owns 1,104 shares in the biotech company, valued at $ 48,000, after purchasing an additional 304 shares in the last quarter. Finally, Fieldpoint Private Securities LLC bought a new position in Bluebird Bio for $ 50,000 in the fourth quarter. Institutional investors own 94.29% of the company’s shares.

bluebird bio, Inc, a biotechnology company, researches, develops, and commercializes transformative gene therapies for serious genetic diseases and cancer. Gene therapy programs include LentiGlobin for the treatment of Ã-thalassemia and sickle cell disease; and Lenti-D for the treatment of cerebral adrenoleucodystrophy.

This instant message alert was generated through narrative science technology and financial data from MarketBeat to give readers the fastest, most accurate coverage. This story has been reviewed by the editorial staff of MarketBeat prior to publication. Please send questions or comments about this story to [email protected]

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