Jefferies Group LLC reiterated their hold rating on shares of TESARO, Inc. (NASDAQ:TSRO) in a research note issued to investors on Friday, November 3rd. They currently have a $124.00 price objective on the biopharmaceutical company’s stock.
Several other equities analysts have also recently issued reports on TSRO. Robert W. Baird restated a neutral rating and set a $140.00 target price (down previously from $155.00) on shares of TESARO in a research note on Thursday, August 10th. Morgan Stanley reissued an overweight rating and issued a $183.00 target price on shares of TESARO in a report on Thursday, August 10th. Credit Suisse Group set a $190.00 target price on shares of TESARO and gave the stock a buy rating in a report on Friday, August 18th. BidaskClub raised shares of TESARO from a strong sell rating to a sell rating in a report on Wednesday, August 23rd. Finally, SunTrust Banks, Inc. reaffirmed a buy rating and set a $235.00 price objective on shares of TESARO in a report on Sunday, August 20th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. TESARO presently has an average rating of Buy and an average price target of $161.72.
Shares of TESARO (NASDAQ:TSRO) traded down $1.19 during trading on Friday, reaching $83.91. 708,346 shares of the company’s stock traded hands, compared to its average volume of 1,029,724. TESARO has a twelve month low of $83.35 and a twelve month high of $192.94. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.73 and a quick ratio of 4.35.
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In other news, VP Grant C. Bogle sold 14,167 shares of the company’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $135.00, for a total value of $1,912,545.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Edward C. English sold 10,862 shares of the company’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $134.92, for a total value of $1,465,501.04. Following the completion of the transaction, the vice president now directly owns 6,258 shares in the company, valued at approximately $844,329.36. The disclosure for this sale can be found here. Insiders have sold 35,692 shares of company stock valued at $4,628,976 over the last quarter. 34.60% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Iguana Healthcare Management LLC lifted its stake in TESARO by 66.7% during the 3rd quarter. Iguana Healthcare Management LLC now owns 25,000 shares of the biopharmaceutical company’s stock worth $3,228,000 after acquiring an additional 10,000 shares in the last quarter. Neuberger Berman Group LLC lifted its stake in TESARO by 22.8% during the 3rd quarter. Neuberger Berman Group LLC now owns 153,540 shares of the biopharmaceutical company’s stock worth $19,822,000 after acquiring an additional 28,500 shares in the last quarter. Bamco Inc. NY lifted its stake in TESARO by 30.7% during the 3rd quarter. Bamco Inc. NY now owns 13,128 shares of the biopharmaceutical company’s stock worth $1,695,000 after acquiring an additional 3,087 shares in the last quarter. Perceptive Advisors LLC lifted its stake in TESARO by 8.1% during the 3rd quarter. Perceptive Advisors LLC now owns 388,651 shares of the biopharmaceutical company’s stock worth $50,175,000 after acquiring an additional 29,100 shares in the last quarter. Finally, Janus Henderson Group PLC raised its position in TESARO by 24.9% in the 3rd quarter. Janus Henderson Group PLC now owns 895,556 shares of the biopharmaceutical company’s stock valued at $115,616,000 after purchasing an additional 178,406 shares in the last quarter.
TESARO Company Profile
TESARO, Inc is an oncology-focused biopharmaceutical company. The Company operates through the business of developing and commercializing of oncology-focused therapeutics segment. It is developing oncology-related product candidates, including rolapitant, niraparib and the product candidates under its immuno-oncology platform.
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