Cann Begins Coverage on CRISPR THERAPTC (NASDAQ:CRSP)

Cann started coverage on shares of CRISPR THERAPTC (NASDAQ:CRSP) in a research note issued to investors on Monday morning, The Fly reports. The firm issued a market perform rating on the stock.

CRSP has been the topic of several other reports. Chardan Capital initiated coverage on shares of CRISPR THERAPTC in a report on Monday, March 27th. They issued a buy rating and a $23.50 price target on the stock. SunTrust Banks, Inc. initiated coverage on shares of CRISPR THERAPTC in a report on Thursday, July 13th. They issued a hold rating and a $16.00 price target on the stock. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. CRISPR THERAPTC currently has an average rating of Buy and an average price target of $21.92.

Shares of CRISPR THERAPTC (CRSP) opened at 16.89 on Monday. CRISPR THERAPTC has a 1-year low of $11.63 and a 1-year high of $25.00. The stock has a 50 day moving average of $15.61 and a 200 day moving average of $17.93. The firm’s market cap is $675.55 million.

CRISPR THERAPTC (NASDAQ:CRSP) last released its quarterly earnings results on Thursday, May 11th. The company reported ($0.54) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.60) by $0.06. The firm had revenue of $2.70 million during the quarter. Equities research analysts anticipate that CRISPR THERAPTC will post ($2.46) earnings per share for the current fiscal year.

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In other CRISPR THERAPTC news, Director Kurt Von Emster sold 69,859 shares of CRISPR THERAPTC stock in a transaction on Friday, July 14th. The shares were sold at an average price of $16.84, for a total value of $1,176,425.56. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Samarth Kulkarni sold 11,615 shares of CRISPR THERAPTC stock in a transaction on Tuesday, April 25th. The stock was sold at an average price of $16.78, for a total transaction of $194,899.70. Following the completion of the transaction, the insider now directly owns 137,047 shares in the company, valued at $2,299,648.66. The disclosure for this sale can be found here. Insiders sold 451,845 shares of company stock worth $7,454,471 over the last ninety days. Corporate insiders own 39.98% of the company’s stock.

Several large investors have recently bought and sold shares of CRSP. Credit Suisse AG bought a new stake in CRISPR THERAPTC during the first quarter valued at approximately $1,742,000. Paulson & CO. Inc. bought a new stake in CRISPR THERAPTC during the first quarter valued at approximately $1,099,000. Monashee Investment Management LLC increased its stake in CRISPR THERAPTC by 208.7% in the first quarter. Monashee Investment Management LLC now owns 22,186 shares of the company’s stock valued at $473,000 after buying an additional 15,000 shares during the last quarter. IHT Wealth Management LLC bought a new stake in CRISPR THERAPTC during the first quarter valued at approximately $110,000. Finally, Wellington Management Group LLP increased its stake in CRISPR THERAPTC by 0.4% in the first quarter. Wellington Management Group LLP now owns 747,450 shares of the company’s stock valued at $16,272,000 after buying an additional 3,070 shares during the last quarter. Institutional investors and hedge funds own 24.07% of the company’s stock.

About CRISPR THERAPTC

Crispr Therapeutics AG is a Switzerland-based gene-editing company. The Company focuses on the development of transformative gene-based medicines for serious diseases using its Clustered Regularly Interspaced Short Palindromic Repeats (CRISPR)/Cas9 gene-editing platform. CRISPR/Cas9 can be programmed to cut, edit and correct disease-associated deoxyribonucleic acid (DNA) in a patient’s cell.

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