$9.53 Million in Sales Expected for Spark Therapeutics Inc (ONCE) This Quarter

Wall Street analysts forecast that Spark Therapeutics Inc (NASDAQ:ONCE) will report sales of $9.53 million for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for Spark Therapeutics’ earnings, with estimates ranging from $1.50 million to $21.30 million. Spark Therapeutics reported sales of $16.30 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 41.5%. The company is expected to issue its next earnings results on Wednesday, February 28th.

According to Zacks, analysts expect that Spark Therapeutics will report full year sales of $9.53 million for the current fiscal year, with estimates ranging from $4.66 million to $25.96 million. For the next year, analysts expect that the business will report sales of $77.06 million per share, with estimates ranging from $3.42 million to $223.80 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Spark Therapeutics.

Spark Therapeutics (NASDAQ:ONCE) last issued its quarterly earnings data on Tuesday, November 7th. The biotechnology company reported ($1.90) EPS for the quarter, missing the 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 net margin of 1,090.11% and a negative return on equity of 60.01%. The business’s revenue was up 45.8% on a year-over-year basis. During the same period last year, the company posted ($1.07) earnings per share.

ONCE has been the subject of several recent analyst reports. SunTrust Banks reaffirmed a “buy” rating and set a $95.00 price objective (up from $85.00) on shares of Spark Therapeutics in a research note on Monday, September 25th. Goldman Sachs Group reaffirmed a “buy” rating and set a $111.00 price objective on shares of Spark Therapeutics in a research note on Friday, October 6th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $105.00 price objective (up from $94.00) on shares of Spark Therapeutics in a research note on Tuesday, October 10th. Jefferies Group reaffirmed a “buy” rating and set a $95.00 price objective on shares of Spark Therapeutics in a research note on Tuesday, October 10th. Finally, Cowen reaffirmed a “buy” rating and set a $95.00 price objective on shares of Spark Therapeutics in a research note on Tuesday, October 10th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and sixteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $74.45.

Shares of Spark Therapeutics (NASDAQ ONCE) traded up $0.71 during trading hours on Friday, hitting $51.26. 553,057 shares of the stock traded hands, compared to its average volume of 1,610,000. The company has a market capitalization of $1,920.00 and a P/E ratio of -7.12. Spark Therapeutics has a 52-week low of $41.06 and a 52-week high of $91.75.

In related news, insider Daniel Faga sold 7,500 shares of the business’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $80.96, for a total transaction of $607,200.00. Following the transaction, the insider now owns 6,000 shares in the company, valued at $485,760. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Barge Joseph La sold 5,500 shares of the company’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $71.44, for a total transaction of $392,920.00. Following the completion of the sale, the insider now owns 8,146 shares in the company, valued at approximately $581,950.24. The disclosure for this sale can be found here. Insiders have sold 56,309 shares of company stock worth $4,141,385 in the last quarter. 7.30% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. grew its holdings in Spark Therapeutics by 15.0% in the third quarter. JPMorgan Chase & Co. now owns 1,848,988 shares of the biotechnology company’s stock worth $164,986,000 after purchasing an additional 241,016 shares during the period. Ameriprise Financial Inc. grew its holdings in Spark Therapeutics by 6.0% in the third quarter. Ameriprise Financial Inc. now owns 207,360 shares of the biotechnology company’s stock worth $18,489,000 after purchasing an additional 11,785 shares during the period. BlackRock Inc. grew its holdings in Spark Therapeutics by 11.6% in the second quarter. BlackRock Inc. now owns 2,053,734 shares of the biotechnology company’s stock worth $122,689,000 after purchasing an additional 213,520 shares during the period. Amundi Pioneer Asset Management Inc. purchased a new stake in Spark Therapeutics in the third quarter worth about $5,286,000. Finally, Alyeska Investment Group L.P. purchased a new stake in Spark Therapeutics in the third quarter worth about $13,519,000. Institutional investors and hedge funds own 94.91% of the company’s stock.

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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.

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