S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
NASDAQ:EDIT

Editas Medicine (EDIT) Stock Forecast, Price & News

$11.02
+0.08 (+0.73%)
(As of 05/20/2022 04:00 PM ET)
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Today's Range
$10.12
$11.24
50-Day Range
$10.03
$21.35
52-Week Range
$9.71
$73.03
Volume
1.33 million shs
Average Volume
1.81 million shs
Market Capitalization
$756.41 million
P/E Ratio
N/A
Dividend Yield
N/A
Beta
2.06
30 days | 90 days | 365 days | Advanced Chart
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Editas Medicine logo

About Editas Medicine

Editas Medicine, Inc., a clinical stage genome editing company, focuses on developing transformative genomic medicines to treat a range of serious diseases. It develops a proprietary gene editing platform based on CRISPR technology. The company develops EDIT-101, which is in Phase 1/2 clinical trial for Leber Congenital Amaurosis 10 that leads to inherited childhood blindness. It also develops EDIT-102 for the treatment of Usher Syndrome 2A, which is a form of retinitis pigmentosa that also includes hearing loss; autosomal dominant retinitis pigmentosa, a progressive form of retinal degeneration; and EDIT-301 to treat sickle cell disease and transfusion-dependent beta-thalassemia. In addition, the company is developing gene-edited Natural Killer cell medicines to treat solid tumor cancers; alpha-beta T cells for multiple cancers; and gamma delta T cell therapies to treat cancer, as well as has an early discovery program to develop a therapy to treat a neurological disease. It has a research collaboration with Juno Therapeutics, Inc. to develop engineered T cells for cancer; strategic alliance and option agreement with Allergan Pharmaceuticals International Limited to discover, develop, and commercialize new gene editing medicines for a range of ocular disorders; and research collaboration with Asklepios BioPharmaceutical, Inc. to develop a therapy to treat a neurological disease, as well as research collaboration with AskBio. The company was formerly known as Gengine, Inc. and changed its name to Editas Medicine, Inc. in November 2013. Editas Medicine, Inc. was incorporated in 2013 and is based in Cambridge, Massachusetts.

Headlines

Editas Medicine Tops Q1 EPS by 5c
Editas Medicine Q1 2022 Earnings Preview
See More Headlines

Industry, Sector and Symbol

Industry
Biological products, except diagnostic
Sub-Industry
N/A
Sector
Medical
Current Symbol
NASDAQ:EDIT
Fax
N/A
Employees
264
Year Founded
N/A

Sales & Book Value

Annual Sales
$25.54 million
Book Value
$7.47 per share

Profitability

Net Income
$-192.50 million
Net Margins
-721.60%
Pretax Margin
-721.60%

Debt

Price-To-Earnings

Miscellaneous

Free Float
67,996,000
Market Cap
$756.41 million
Optionable
Optionable

Company Calendar

Last Earnings
5/04/2022
Today
5/22/2022
Next Earnings (Estimated)
8/03/2022
Fiscal Year End
12/31/2022

MarketRank

Overall MarketRank

2.04 out of 5 stars

Medical Sector

549th out of 1,416 stocks

Biological Products, Except Diagnostic Industry

88th out of 210 stocks

Analyst Opinion: 3.2Community Rank: 3.9Dividend Strength: 0.0Insider Behavior: 2.5Valuation: 0.6 5 -4 -3 -2 -1 -













Editas Medicine (NASDAQ:EDIT) Frequently Asked Questions

Is Editas Medicine a buy right now?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Editas Medicine in the last year. There are currently 1 sell rating, 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Editas Medicine stock. 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.
View analyst ratings for Editas Medicine
or view top-rated stocks.

When is Editas Medicine's next earnings date?

Editas Medicine is scheduled to release its next quarterly earnings announcement on Wednesday, August 3rd 2022.
View our earnings forecast for Editas Medicine
.

How were Editas Medicine's earnings last quarter?

Editas Medicine, Inc. (NASDAQ:EDIT) announced its quarterly earnings data on Wednesday, May, 4th. The company reported ($0.74) EPS for the quarter, beating analysts' consensus estimates of ($0.81) by $0.07. The firm had revenue of $6.80 million for the quarter, compared to the consensus estimate of $3.85 million. Editas Medicine had a negative trailing twelve-month return on equity of 32.88% and a negative net margin of 721.60%. The company's quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.86) earnings per share.
View Editas Medicine's earnings history
.

What price target have analysts set for EDIT?

8 equities research analysts have issued 12 month price objectives for Editas Medicine's stock. Their forecasts range from $15.00 to $80.00. On average, they anticipate Editas Medicine's stock price to reach $36.00 in the next year. This suggests a possible upside of 226.7% from the stock's current price.
View analysts' price targets for Editas Medicine
or view top-rated stocks among Wall Street analysts.

Who are Editas Medicine's key executives?
Editas Medicine's management team includes the following people:
  • Mr. James C. Mullen, Chairman, Pres & CEO (Age 63, Pay $1.01M) (LinkedIn Profile)
  • Ms. Michelle Robertson, Exec. VP, CFO, Principal Accounting Officer, Treasurer & Assistant Sec. (Age 55, Pay $641.74k)
  • Dr. Mark S. Shearman, Exec. VP & Chief Scientific Officer (Age 62, Pay $639.89k)
  • Dr. Bruce E. Eaton Ph.D., Exec. VP & Chief Bus. Officer (Age 68, Pay $1.09M)
  • Dr. Feng Zhang Ph.D., Co-Founder & Scientific Advisory Board Member
  • Dr. George McDonald Church Ph.D., Co-Founder & Scientific Advisory Board Member (Age 68)
  • Dr. J. Keith Joung M.D., Ph.D., Co-Founder & Scientific Advisory Board Member
  • Dr. David R. Liu Ph.D., Co-Founder & Scientific Advisory Board Member
  • Mr. Harry R. Gill III, Sr. VP of Operations (Age 61)
  • Ron Moldaver, Investor Relations
What other stocks do shareholders of Editas Medicine own?

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), Square (SQ), Advanced Micro Devices (AMD), Alibaba Group (BABA), QUALCOMM (QCOM), Cisco Systems (CSCO) and Skyworks Solutions (SWKS).

When did Editas Medicine IPO?

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

What is Editas Medicine's stock symbol?

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

Who are Editas Medicine's major shareholders?

Editas Medicine's stock is owned by many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (10.02%), BlackRock Inc. (9.14%), State Street Corp (7.98%), JPMorgan Chase & Co. (1.83%), Sumitomo Mitsui Trust Holdings Inc. (1.51%) and Nikko Asset Management Americas Inc. (1.51%). Company insiders that own Editas Medicine stock include Bruce Eaton, Charles Albright, Cynthia Collins, James C Mullen, Lisa Anne Michaels and Michelle Robertson.
View institutional ownership trends for Editas Medicine
.

Which major investors are selling Editas Medicine stock?

EDIT stock was sold by a variety of institutional investors in the last quarter, including ARK Investment Management LLC, Sumitomo Mitsui Trust Holdings Inc., Nikko Asset Management Americas Inc., Goldman Sachs Group Inc., JPMorgan Chase & Co., Jane Street Group LLC, Simplex Trading LLC, and Citigroup Inc.. Company insiders that have sold Editas Medicine company stock in the last year include Bruce Eaton, James C Mullen, Lisa Anne Michaels, and Michelle Robertson.
View insider buying and selling activity for Editas Medicine
or view top insider-selling stocks.

Which major investors are buying Editas Medicine stock?

EDIT stock was acquired by a variety of institutional investors in the last quarter, including State Street Corp, BlackRock Inc., Renaissance Technologies LLC, CQS US LLC, Assenagon Asset Management S.A., Vanguard Group Inc., Connor Clark & Lunn Investment Management Ltd., and UBS Group AG.
View insider buying and selling activity for Editas Medicine
or or view top insider-buying stocks.

How do I buy shares of Editas Medicine?

Shares of EDIT 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.
Compare Top Brokerages Here.

What is Editas Medicine's stock price today?

One share of EDIT stock can currently be purchased for approximately $11.02.

How much money does Editas Medicine make?

Editas Medicine has a market capitalization of $756.41 million and generates $25.54 million in revenue each year. The company earns $-192.50 million in net income (profit) each year or ($2.730010) on an earnings per share basis.

How many employees does Editas Medicine have?

Editas Medicine employs 264 workers across the globe.

What is Editas Medicine's official website?

The official website for Editas Medicine is www.editasmedicine.com.

How can I contact Editas Medicine?

Editas Medicine's mailing address is 11 Hurley Street, Cambridge MA, 02141. The company can be reached via phone at (617) 401-9000 or via email at [email protected].

This page was last updated on 5/22/2022 by MarketBeat.com Staff

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