Global Blood Therapeutics (NASDAQ:GBT) PT Set at $73.00 by HC Wainwright

Global Blood Therapeutics (NASDAQ:GBT) has been given a $73.00 target price by HC Wainwright in a note issued to investors on Monday, March 12th. The firm presently has a “buy” rating on the stock. HC Wainwright’s target price suggests a potential upside of 75.27% from the company’s current price.

GBT has been the subject of several other research reports. Cantor Fitzgerald set a $61.00 price objective on shares of Global Blood Therapeutics and gave the stock a “buy” rating in a research note on Monday, December 11th. William Blair assumed coverage on shares of Global Blood Therapeutics in a research note on Tuesday, January 23rd. They set an “outperform” rating and a $80.00 price objective for the company. SunTrust Banks set a $80.00 target price on shares of Global Blood Therapeutics and gave the stock a “buy” rating in a research report on Thursday, March 1st. ValuEngine raised shares of Global Blood Therapeutics from a “sell” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, BidaskClub raised shares of Global Blood Therapeutics from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 17th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $70.69.

How to Become a New Pot Stock Millionaire

GBT traded down $2.35 on Monday, reaching $41.65. 578,857 shares of the company traded hands, compared to its average volume of 1,087,194. Global Blood Therapeutics has a one year low of $24.02 and a one year high of $68.05. The firm has a market capitalization of $2,290.54, a price-to-earnings ratio of -15.09 and a beta of 4.37.

Global Blood Therapeutics (NASDAQ:GBT) last posted its quarterly earnings results on Tuesday, February 27th. The company reported ($0.94) EPS for the quarter, missing the consensus estimate of ($0.72) by ($0.22). equities analysts predict that Global Blood Therapeutics will post -3.72 EPS for the current year.

In related news, insider Peter Radovich sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $60.00, for a total transaction of $1,800,000.00. Following the completion of the sale, the insider now directly owns 33,581 shares in the company, valued at $2,014,860. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jung Choi sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $52.85, for a total transaction of $158,550.00. Following the sale, the insider now owns 137,255 shares of the company’s stock, valued at $7,253,926.75. The disclosure for this sale can be found here. Insiders have sold 54,911 shares of company stock valued at $3,112,352 over the last 90 days. 5.30% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in GBT. Jane Street Group LLC purchased a new position in Global Blood Therapeutics during the third quarter worth about $200,000. Trexquant Investment LP purchased a new position in Global Blood Therapeutics during the third quarter worth about $202,000. Xact Kapitalforvaltning AB purchased a new position in Global Blood Therapeutics during the fourth quarter worth about $202,000. Dynamic Technology Lab Private Ltd purchased a new position in Global Blood Therapeutics during the third quarter worth about $205,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new position in Global Blood Therapeutics during the third quarter worth about $230,000. Hedge funds and other institutional investors own 85.40% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Global Blood Therapeutics (NASDAQ:GBT) PT Set at $73.00 by HC Wainwright” was originally reported by BBNS and is owned by of BBNS. If you are viewing this article on another publication, it was stolen and republished in violation of US and international trademark and copyright laws. The correct version of this article can be viewed at https://baseballnewssource.com/2018/04/06/hc-wainwright-analysts-give-global-blood-therapeutics-gbt-a-73-00-price-target-2/2035736.html.

Global Blood Therapeutics Company Profile

Global Blood Therapeutics Inc, a clinical-stage biopharmaceutical company, engages in the discovery, development, and commercialization of novel therapeutics to treat grievous blood-based disorders. Its lead product candidate is voxelotor, an oral once-daily therapy that modulates hemoglobin's affinity for oxygen, which is in Phase 3 clinical trials in adult and adolescent patients with sickle cell disease (SCD), as well as in evaluating the safety and pharmacokinetics of single and multiple doses of voxelotor in a Phase 2a clinical trial of adolescent and pediatric patients with SCD.

Analyst Recommendations for Global Blood Therapeutics (NASDAQ:GBT)

Receive News & Ratings for Global Blood Therapeutics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global Blood Therapeutics and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Almora Jr. and Baez Could Become Cubs new One-Two Tandem
Almora Jr. and Baez Could Become Cubs new One-Two Tandem
Red Sox Tie Record for Best Start After 17 Games
Red Sox Tie Record for Best Start After 17 Games
Bryce Harper Hits 406-Foot Home Run While Breaking His Bat
Bryce Harper Hits 406-Foot Home Run While Breaking His Bat
Rick Porcello’s Strong Start Gives Boost to Red Sox
Rick Porcello’s Strong Start Gives Boost to Red Sox
Two Bench Clearing Incidents Revive Red Sox-Yankees Rivalry
Two Bench Clearing Incidents Revive Red Sox-Yankees Rivalry
Xander Bogaerts Goes on Red Sox DL
Xander Bogaerts Goes on Red Sox DL


Leave a Reply

 
© 2006-2018 BBNS.