bluebird bio (BLUE) Stock Forecast, Price & News

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for bluebird bio in the last twelve months. There are currently 2 sell ratings, 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" BLUE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BLUE, but not buy additional shares or sell existing shares.
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10 Wall Street analysts have issued 1-year target prices for bluebird bio's shares. Their BLUE share price forecasts range from $3.00 to $10.00. On average, they anticipate the company's share price to reach $7.00 in the next twelve months. This suggests a possible upside of 86.7% from the stock's current price.
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bluebird bio's stock was trading at $6.92 at the beginning of the year. Since then, BLUE stock has decreased by 45.8% and is now trading at $3.75.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
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bluebird bio, Inc. (NASDAQ:BLUE) posted its earnings results on Tuesday, May, 9th. The biotechnology company reported $0.21 EPS for the quarter, beating analysts' consensus estimates of ($0.54) by $0.75. The biotechnology company earned $2.40 million during the quarter, compared to analyst estimates of $26.97 million. bluebird bio had a negative net margin of 3,054.45% and a negative trailing twelve-month return on equity of 52.40%. bluebird bio's revenue for the quarter was up 26.3% on a year-over-year basis. During the same period last year, the company posted ($1.66) EPS.

ETFs with the largest weight of bluebird bio (NASDAQ:BLUE) stock in their portfolio include SPDR S&P Biotech ETF (XBI), Virtus LifeSci Biotech Products ETF (BBP), Direxion Moonshot Innovators ETF (MOON), Direxion Daily S&P Biotech Bull 3x Shares (LABU), Horizon Kinetics Medical ETF (MEDX), Global X Genomics & Biotechnology ETF (GNOM), Invesco Nasdaq Future Gen 200 ETF (QQQS) and Invesco DWA SmallCap Momentum ETF (DWAS).

91 employees have rated bluebird bio Chief Executive Officer Nick Leschly on Glassdoor.com. Nick Leschly has an approval rating of 74% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other bluebird bio investors own include OPKO Health (OPK), BioMarin Pharmaceutical (BMRN), Puma Biotechnology (PBYI), NVIDIA (NVDA), Gilead Sciences (GILD), Incyte (INCY), Micron Technology (MU), Alibaba Group (BABA) and (MDVN) (MDVN).

bluebird bio trades on the NASDAQ under the ticker symbol "BLUE."

bluebird bio's stock is owned by many different retail and institutional investors. Top institutional shareholders include State Street Corp (16.70%), BlackRock Inc. (8.41%), Pictet Asset Management SA (2.92%), Dimensional Fund Advisors LP (2.44%), Geode Capital Management LLC (1.97%) and Bank of America Corp DE (1.85%). Insiders that own company stock include Alison Cecily Finger, Andrew Obenshain, Anne-Virginie Eggimann, David Davidson, Jason Cole, Jessica Whitten, Joanne Smith-Farrell, Katy Burnett, Kory James Wentworth, Nick Leschly, Richard A Colvin, Thomas J Klima and William D Baird III.
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Shares of BLUE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of BLUE stock can currently be purchased for approximately $3.75.

bluebird bio (NASDAQ:BLUE) has a market capitalization of $399.04 million and generates $3.60 million in revenue each year. The biotechnology company earns $-266,580,000.00 in net income (profit) each year or ($1.71) on an earnings per share basis.

The company employs 518 workers across the globe.

bluebird bio's mailing address is 60 BINNEY STREET, CAMBRIDGE MA, 02142. The official website for the company is www.bluebirdbio.com. The biotechnology company can be reached via phone at (339) 499-9300 or via email at investor@bluebirdbio.com.