CRISPR Therapeutics AG (NASDAQ:CRSP - Free Report) - Brookline Capital Management lowered their FY2026 earnings estimates for CRISPR Therapeutics in a research note issued on Monday, November 10th. Brookline Capital Management analyst L. Cann now anticipates that the company will post earnings per share of $2.63 for the year, down from their prior forecast of $2.75. The consensus estimate for CRISPR Therapeutics' current full-year earnings is ($5.16) per share. Brookline Capital Management also issued estimates for CRISPR Therapeutics' FY2027 earnings at $4.81 EPS.
Several other research analysts have also recently issued reports on the company. JPMorgan Chase & Co. started coverage on CRISPR Therapeutics in a research report on Thursday, September 18th. They issued an "overweight" rating and a $70.00 price objective for the company. Barclays increased their price target on shares of CRISPR Therapeutics from $42.00 to $56.00 and gave the company an "equal weight" rating in a report on Wednesday, August 6th. Chardan Capital reissued a "buy" rating and set a $82.00 price objective on shares of CRISPR Therapeutics in a report on Tuesday, August 5th. Robert W. Baird dropped their target price on shares of CRISPR Therapeutics from $52.00 to $44.00 and set a "neutral" rating for the company in a report on Tuesday. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of CRISPR Therapeutics in a research report on Wednesday, October 8th. Eleven investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, CRISPR Therapeutics has a consensus rating of "Hold" and an average price target of $68.11.
Read Our Latest Report on CRSP
CRISPR Therapeutics Trading Down 1.0%
Shares of CRSP stock opened at $54.58 on Tuesday. The stock has a 50 day simple moving average of $62.98 and a 200-day simple moving average of $53.33. The company has a market cap of $4.96 billion, a price-to-earnings ratio of -10.05 and a beta of 1.89. CRISPR Therapeutics has a 12-month low of $30.04 and a 12-month high of $78.48.
Institutional Trading of CRISPR Therapeutics
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SVB Wealth LLC acquired a new stake in shares of CRISPR Therapeutics during the 1st quarter worth about $25,000. Costello Asset Management INC purchased a new position in shares of CRISPR Therapeutics during the first quarter valued at approximately $27,000. Atlantic Union Bankshares Corp acquired a new stake in CRISPR Therapeutics during the second quarter worth approximately $33,000. Thompson Investment Management Inc. acquired a new stake in CRISPR Therapeutics during the third quarter worth approximately $33,000. Finally, Optiver Holding B.V. grew its stake in CRISPR Therapeutics by 71.4% in the 3rd quarter. Optiver Holding B.V. now owns 504 shares of the company's stock worth $33,000 after acquiring an additional 210 shares during the period. Hedge funds and other institutional investors own 69.20% of the company's stock.
Insider Buying and Selling
In other news, General Counsel James R. Kasinger sold 1,076 shares of the firm's stock in a transaction that occurred on Tuesday, October 14th. The shares were sold at an average price of $66.60, for a total transaction of $71,661.60. Following the completion of the transaction, the general counsel directly owned 83,402 shares of the company's stock, valued at $5,554,573.20. This trade represents a 1.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Samarth Kulkarni sold 50,895 shares of the company's stock in a transaction that occurred on Friday, October 17th. The shares were sold at an average price of $67.91, for a total value of $3,456,279.45. Following the completion of the sale, the chief executive officer directly owned 254,201 shares in the company, valued at approximately $17,262,789.91. The trade was a 16.68% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 56,213 shares of company stock valued at $3,810,458. Corporate insiders own 4.10% of the company's stock.
About CRISPR Therapeutics
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CRISPR Therapeutics is a gene-editing company focused on developing transformative gene-based medicines for serious diseases using its proprietary CRISPR/Cas9 platform. CRISPR/Cas9 is a revolutionary gene-editing technology that allows for precise, directed changes to genomic DNA. CRISPR Therapeutics has established a portfolio of therapeutic programs across a broad range of disease areas including hemoglobinopathies, oncology, regenerative medicine and rare diseases.
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