Editas Medicine (EDIT) Stock Forecast, Price & News

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Editas Medicine in the last twelve months. There are currently 1 sell rating, 7 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" EDIT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in EDIT, but not buy additional shares or sell existing shares.
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13 equities research analysts have issued 1-year price targets for Editas Medicine's shares. Their EDIT share price forecasts range from $7.00 to $35.00. On average, they anticipate the company's share price to reach $15.86 in the next year. This suggests a possible upside of 66.0% from the stock's current price.
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Editas Medicine's stock was trading at $8.87 at the beginning of 2023. Since then, EDIT stock has increased by 7.7% and is now trading at $9.55.
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Editas Medicine saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 20,230,000 shares, an increase of 7.3% from the April 30th total of 18,860,000 shares. Based on an average daily volume of 1,840,000 shares, the days-to-cover ratio is presently 11.0 days.
View Editas Medicine's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our EDIT earnings forecast.

Editas Medicine, Inc. (NASDAQ:EDIT) issued its earnings results on Friday, May, 5th. The company reported ($0.71) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.79) by $0.08. The company had revenue of $9.90 million for the quarter, compared to the consensus estimate of $3.29 million. Editas Medicine had a negative trailing twelve-month return on equity of 56.20% and a negative net margin of 960.70%. The firm's revenue for the quarter was up 45.6% on a year-over-year basis. During the same period in the prior year, the company earned ($0.74) EPS.

ETFs with the largest weight of Editas Medicine (NASDAQ:EDIT) stock in their portfolio include Kelly CRISPR & Gene Editing Technology ETF (XDNA), Horizon Kinetics Medical ETF (MEDX), AXS Green Alpha ETF (NXTE), iShares Genomics Immunology and Healthcare ETF (IDNA), Global X Genomics & Biotechnology ETF (GNOM), SPDR S&P Biotech ETF (XBI), Virtus LifeSci Biotech Clinical Trials ETF (BBC) and ROBO Global Healthcare Technology and Innovation ETF (HTEC).

Based on aggregate information from My MarketBeat watchlists, some companies that other Editas Medicine investors own include CRISPR Therapeutics (CRSP), NVIDIA (NVDA), Micron Technology (MU), Intellia Therapeutics (NTLA), Block (SQ), Advanced Micro Devices (AMD), Alibaba Group (BABA), QUALCOMM (QCOM), Cisco Systems (CSCO) and Skyworks Solutions (SWKS).

(EDIT) raised $100 million in an initial public offering on Wednesday, February 3rd 2016. The company issued 5,900,000 shares at a price of $16.00-$18.00 per share. Morgan Stanley and J.P. Morgan served as the underwriters for the IPO and Cowen and Company and JMP Securities were co-managers.

Editas Medicine trades on the NASDAQ under the ticker symbol "EDIT."

Editas Medicine's stock is owned by many different retail and institutional investors. Top institutional investors include State Street Corp (11.83%), BlackRock Inc. (10.75%), Dimensional Fund Advisors LP (2.34%), Geode Capital Management LLC (2.10%), JPMorgan Chase & Co. (1.64%) and Pictet Asset Management SA (1.53%). Insiders that own company stock include Bruce Eaton, Charles Albright, Cynthia Collins, James C Mullen, Lisa Anne Michaels, Mark S Shearman and Michelle Robertson.
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Shares of EDIT 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 EDIT stock can currently be purchased for approximately $9.55.

Editas Medicine (NASDAQ:EDIT) has a market capitalization of $658.95 million and generates $19.71 million in revenue each year. The company earns $-220,430,000.00 in net income (profit) each year or ($3.18) on an earnings per share basis.

The company employs 264 workers across the globe.

Editas Medicine's mailing address is 11 Hurley Street, Cambridge MA, 02141. The official website for the company is www.editasmedicine.com. The company can be reached via phone at (617) 401-9000 or via email at mark.mullikin@editasmed.com.