TESARO (TSRO) Given New $80.00 Price Target at Cowen

TESARO (NASDAQ:TSRO) had its price target reduced by Cowen from $125.00 to $80.00 in a report released on Tuesday. Cowen currently has a market perform rating on the biopharmaceutical company’s stock.

Other analysts have also issued research reports about the company. HC Wainwright reissued a buy rating and set a $158.00 price objective on shares of TESARO in a report on Monday, November 20th. Piper Jaffray Companies reissued a hold rating and set a $80.00 price objective on shares of TESARO in a report on Tuesday. SunTrust Banks reissued a buy rating and set a $160.00 price objective on shares of TESARO in a report on Friday, November 10th. Zacks Investment Research raised TESARO from a sell rating to a hold rating in a research note on Wednesday, November 8th. Finally, Argus set a $154.00 price target on TESARO and gave the company a buy rating in a research note on Tuesday, November 28th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of $152.64.

Shares of TESARO (NASDAQ TSRO) traded up $0.61 during trading hours on Tuesday, hitting $76.23. The stock had a trading volume of 1,024,715 shares, compared to its average volume of 1,653,100. TESARO has a one year low of $74.35 and a one year high of $192.94. The firm has a market cap of $4,150.00, a price-to-earnings ratio of -9.04 and a beta of 1.51. 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 (NASDAQ:TSRO) last announced its quarterly earnings data on Tuesday, November 7th. The biopharmaceutical company reported ($0.47) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.16) by $0.69. TESARO had a negative return on equity of 93.39% and a negative net margin of 251.22%. The company had revenue of $142.77 million for the quarter, compared to analyst estimates of $130.57 million. During the same quarter last year, the firm earned ($1.72) EPS. TESARO’s revenue for the quarter was up 740.3% compared to the same quarter last year. equities research analysts anticipate that TESARO will post -8.18 EPS for the current fiscal year.

In other TESARO news, SVP Martin H. Jr. Huber sold 829 shares of the business’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $85.24, for a total value of $70,663.96. Following the transaction, the senior vice president now owns 8,101 shares of the company’s stock, valued at $690,529.24. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 34.60% of the stock is currently owned by insiders.

Institutional investors have recently bought and sold shares of the business. Exane Derivatives acquired a new position in TESARO in the third quarter worth $106,000. Nordea Investment Management AB acquired a new position in TESARO in the second quarter worth $167,000. Oppenheimer Asset Management Inc. boosted its stake in TESARO by 3,042.6% in the second quarter. Oppenheimer Asset Management Inc. now owns 1,477 shares of the biopharmaceutical company’s stock worth $206,000 after purchasing an additional 1,430 shares in the last quarter. Toronto Dominion Bank boosted its stake in TESARO by 244.6% in the third quarter. Toronto Dominion Bank now owns 1,592 shares of the biopharmaceutical company’s stock worth $206,000 after purchasing an additional 1,130 shares in the last quarter. Finally, BB&T Securities LLC acquired a new position in TESARO in the second quarter worth $222,000.

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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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