Spark Therapeutics, Inc. (ONCE) Cut to “Sell” at ValuEngine

ValuEngine cut shares of Spark Therapeutics, Inc. (NASDAQ:ONCE) from a hold rating to a sell rating in a research report released on Tuesday morning.

ONCE has been the subject of several other reports. Cantor Fitzgerald dropped their price objective on Spark Therapeutics from $105.00 to $94.00 and set a buy rating for the company in a report on Friday, October 13th. Cowen and Company restated a buy rating and set a $95.00 target price on shares of Spark Therapeutics in a research report on Tuesday, October 10th. Barclays PLC boosted their target price on Spark Therapeutics from $104.00 to $107.00 and gave the stock an overweight rating in a research report on Friday, October 13th. Chardan Capital restated a buy rating and set a $100.00 target price on shares of Spark Therapeutics in a research report on Friday, October 13th. Finally, Zacks Investment Research upgraded Spark Therapeutics from a strong sell rating to a hold rating in a research report on Wednesday, July 19th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and eighteen have given a buy rating to the company’s stock. Spark Therapeutics currently has a consensus rating of Buy and an average target price of $90.36.

Shares of Spark Therapeutics (NASDAQ ONCE) opened at $73.93 on Tuesday. Spark Therapeutics has a twelve month low of $47.03 and a twelve month high of $91.75.

Spark Therapeutics (NASDAQ:ONCE) last announced its quarterly earnings data on Tuesday, November 7th. The biotechnology company reported ($1.90) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.79) by ($0.11). The firm had revenue of $1.90 million for the quarter, compared to the consensus estimate of $1.40 million. Spark Therapeutics had a negative return on equity of 60.01% and a negative net margin of 1,090.11%. The business’s revenue for the quarter was up 45.8% compared to the same quarter last year. During the same period in the prior year, the firm posted ($1.07) earnings per share. sell-side analysts predict that Spark Therapeutics will post -7.67 EPS for the current year.

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In other Spark Therapeutics news, insider Barge Joseph La sold 3,309 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $71.31, for a total value of $235,964.79. Following the sale, the insider now owns 8,146 shares in the company, valued at approximately $580,891.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jeffrey D. Marrazzo sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $71.54, for a total value of $1,430,800.00. Following the completion of the sale, the chief executive officer now owns 250,000 shares in the company, valued at approximately $17,885,000. The disclosure for this sale can be found here. Insiders sold a total of 1,099,659 shares of company stock worth $92,457,658 in the last 90 days. Company insiders own 7.30% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Ameritas Investment Partners Inc. raised its stake in shares of Spark Therapeutics by 23.6% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,040 shares of the biotechnology company’s stock worth $122,000 after purchasing an additional 389 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Spark Therapeutics during the 2nd quarter worth approximately $143,000. BNP Paribas Arbitrage SA raised its stake in shares of Spark Therapeutics by 530.1% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,911 shares of the biotechnology company’s stock worth $174,000 after purchasing an additional 2,449 shares in the last quarter. Pacad Investment Ltd. raised its stake in shares of Spark Therapeutics by 75.0% during the 2nd quarter. Pacad Investment Ltd. now owns 3,500 shares of the biotechnology company’s stock worth $209,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Teacher Retirement System of Texas bought a new stake in shares of Spark Therapeutics during the 3rd quarter worth approximately $225,000. Institutional investors own 77.94% of the company’s stock.

About Spark Therapeutics

Spark Therapeutics, Inc is a gene therapy company. The Company focuses on treating orphan diseases. It has a pipeline of product candidates targeting multiple rare blinding conditions, hematologic disorders and neurodegenerative diseases. Its pipeline includes a product candidate targeting choroideremia (CHM), which is in a Phase I/II clinical trial and a product candidate for hemophilia A, which is in a Phase I/II clinical trial.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Spark Therapeutics (NASDAQ:ONCE)

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