TESARO (TSRO) Given Hold Rating at Robert W. Baird

TESARO (NASDAQ:TSRO)‘s stock had its “hold” rating reissued by stock analysts at Robert W. Baird in a report released on Friday, November 10th. They currently have a $120.00 price target on the biopharmaceutical company’s stock. Robert W. Baird’s target price would indicate a potential upside of 44.49% from the company’s current price.

A number of other analysts have also commented on TSRO. Janney Montgomery Scott reiterated a “neutral” rating on shares of TESARO in a research note on Friday, July 14th. ValuEngine lowered shares of TESARO from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. BidaskClub lowered shares of TESARO from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 19th. Credit Suisse Group set a $198.00 price target on shares of TESARO and gave the stock a “buy” rating in a research note on Wednesday, July 19th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $183.00 price target on shares of TESARO in a research note on Thursday, August 10th. Two 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 stock. TESARO presently has an average rating of “Buy” and a consensus price target of $159.39.

Shares of TESARO (TSRO) traded up $2.37 during trading on Friday, reaching $83.05. 854,300 shares of the company’s stock traded hands, compared to its average volume of 1,025,782. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.73 and a quick ratio of 4.35. TESARO has a twelve month low of $79.03 and a twelve month high of $192.94.

TESARO (NASDAQ:TSRO) last issued its earnings results on Tuesday, November 7th. The biopharmaceutical company reported ($0.47) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.16) by $0.69. The business had revenue of $142.77 million during the quarter, compared to analysts’ expectations of $130.57 million. TESARO had a negative net margin of 251.22% and a negative return on equity of 93.39%. The business’s revenue for the quarter was up 740.3% compared to the same quarter last year. During the same period in the previous year, the company earned ($1.72) earnings per share. research analysts predict that TESARO will post -8.16 EPS for the current year.

In other TESARO news, VP Grant C. Bogle sold 14,167 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $135.00, for a total value of $1,912,545.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Martin H. Jr. Huber sold 592 shares of the company’s stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $118.60, for a total transaction of $70,211.20. Following the completion of the transaction, the senior vice president now owns 6,943 shares of the company’s stock, valued at $823,439.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 35,692 shares of company stock valued at $4,628,976. Company insiders own 34.60% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in TSRO. Janus Henderson Group PLC purchased a new position in shares of TESARO in the second quarter worth $100,301,000. PointState Capital LP purchased a new position in shares of TESARO in the second quarter worth $85,971,000. TimesSquare Capital Management LLC purchased a new position in shares of TESARO in the third quarter worth $33,911,000. Pictet Asset Management Ltd. lifted its holdings in shares of TESARO by 58.1% in the third quarter. Pictet Asset Management Ltd. now owns 630,904 shares of the biopharmaceutical company’s stock worth $81,450,000 after buying an additional 231,799 shares in the last quarter. Finally, Pioneer Investment Management Inc. lifted its holdings in shares of TESARO by 195.6% in the second quarter. Pioneer Investment Management Inc. now owns 317,753 shares of the biopharmaceutical company’s stock worth $44,441,000 after buying an additional 210,273 shares in the last quarter.

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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.

Analyst Recommendations for TESARO (NASDAQ:TSRO)

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