Editas Medicine - EDIT Stock Forecast, Price & News

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Editas Medicine in the last year. There are currently 2 sell ratings, 7 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street 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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12 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 predict the company's share price to reach $15.83 in the next year. This suggests a possible upside of 67.5% from the stock's current price.
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Editas Medicine's stock was trading at $26.55 on January 1st, 2022. Since then, EDIT stock has decreased by 64.4% and is now trading at $9.45.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
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Editas Medicine, Inc. (NASDAQ:EDIT) announced its quarterly earnings data on Wednesday, November, 2nd. The company reported ($0.81) earnings per share for the quarter, topping the consensus estimate of ($0.87) by $0.06. The firm had revenue of $0.04 million for the quarter, compared to the consensus estimate of $5.86 million. Editas Medicine had a negative net margin of 784.32% and a negative trailing twelve-month return on equity of 41.33%.

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 $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.

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

Editas Medicine's stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (10.16%), Vanguard Group Inc. (9.78%), State Street Corp (9.23%), PFM Health Sciences LP (1.86%), Two Sigma Advisers LP (1.57%) and Two Sigma Investments LP (1.46%). 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 $9.45.

Editas Medicine (NASDAQ:EDIT) has a market capitalization of $649.81 million and generates $25.54 million in revenue each year. The company earns $-192,500,000.00 in net income (profit) each year or ($2.94) 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.