TESARO Inc (NASDAQ:TSRO) shares reached a new 52-week low on Wednesday after Morgan Stanley lowered their price target on the stock from $165.00 to $156.00. Morgan Stanley currently has an overweight rating on the stock. TESARO traded as low as $62.66 and last traded at $65.52, with a volume of 3274200 shares traded. The stock had previously closed at $69.59.
A number of other research analysts also recently weighed in on the company. Citigroup reiterated a “buy” rating and set a $135.00 target price (down previously from $216.00) on shares of TESARO in a report on Wednesday, December 20th. Zacks Investment Research downgraded TESARO from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Cowen reduced their target price on TESARO from $125.00 to $80.00 and set a “market perform” rating on the stock in a report on Tuesday, January 2nd. HC Wainwright reiterated a “buy” rating and set a $158.00 target price on shares of TESARO in a report on Thursday, October 26th. Finally, Cann reiterated a “buy” rating and set a $199.00 target price on shares of TESARO in a report on Tuesday, November 7th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $149.97.
In related news, SVP Martin H. Jr. Huber sold 829 shares of the company’s stock in a transaction that occurred 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 directly owns 8,101 shares of the company’s stock, valued at approximately $690,529.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 40.50% of the company’s stock.
The stock has a market cap of $3,450.00, a price-to-earnings ratio of -7.53 and a beta of 1.51. The company has a current ratio of 4.73, a quick ratio of 4.35 and a debt-to-equity ratio of 0.34.
TESARO (NASDAQ:TSRO) last released its quarterly earnings results on Tuesday, November 7th. The biopharmaceutical company reported ($0.47) earnings per share for the quarter, beating the consensus estimate of ($1.16) by $0.69. The firm had revenue of $142.77 million for the quarter, compared to analysts’ expectations of $130.57 million. TESARO had a negative return on equity of 93.39% and a negative net margin of 251.22%. The company’s revenue was up 740.3% compared to the same quarter last year. During the same period in the prior year, the firm earned ($1.72) EPS. research analysts expect that TESARO Inc will post -8.19 EPS for the current fiscal year.
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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.
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