bluebird bio (BLUE) PT Raised to $232.00 at SunTrust Banks

bluebird bio (NASDAQ:BLUE) had its target price increased by equities researchers at SunTrust Banks to $232.00 in a report released on Thursday, The Fly reports. The firm presently has a “buy” rating on the biotechnology company’s stock. SunTrust Banks’ price objective would indicate a potential upside of 32.76% from the stock’s current price.

Several other research firms have also weighed in on BLUE. Cantor Fitzgerald reduced their price target on shares of bluebird bio from $122.00 to $113.00 and set an “underweight” rating for the company in a research report on Thursday, February 22nd. ValuEngine upgraded shares of bluebird bio from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. BidaskClub lowered shares of bluebird bio from a “hold” rating to a “sell” rating in a research report on Wednesday, April 4th. Morgan Stanley increased their target price on shares of bluebird bio from $152.00 to $209.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 21st. Finally, William Blair initiated coverage on shares of bluebird bio in a research report on Monday, March 5th. They set an “outperform” rating and a $242.00 target price for the company. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the company. bluebird bio presently has an average rating of “Hold” and an average target price of $195.65.

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BLUE opened at $174.75 on Thursday. The stock has a market cap of $8,549.68, a P/E ratio of -22.67 and a beta of 2.16. bluebird bio has a fifty-two week low of $74.45 and a fifty-two week high of $236.17.



bluebird bio (NASDAQ:BLUE) last posted its quarterly earnings results on Wednesday, February 21st. The biotechnology company reported ($2.52) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.68) by ($0.84). The company had revenue of $4.17 million for the quarter, compared to the consensus estimate of $7.11 million. bluebird bio had a negative net margin of 947.42% and a negative return on equity of 28.09%. bluebird bio’s quarterly revenue was up 169.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($1.88) EPS. equities analysts forecast that bluebird bio will post -8.43 EPS for the current year.

In other news, COO Susanna Gatti High sold 17,262 shares of the stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $195.91, for a total value of $3,381,798.42. Following the sale, the chief operating officer now directly owns 28,512 shares of the company’s stock, valued at $5,585,785.92. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider David Davidson sold 4,000 shares of the stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $202.36, for a total transaction of $809,440.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 79,512 shares of company stock worth $15,051,218. Insiders own 3.90% of the company’s stock.

Several institutional investors have recently made changes to their positions in BLUE. Meeder Asset Management Inc. lifted its holdings in shares of bluebird bio by 2,110.3% in the fourth quarter. Meeder Asset Management Inc. now owns 641 shares of the biotechnology company’s stock worth $114,000 after buying an additional 612 shares in the last quarter. NuWave Investment Management LLC purchased a new stake in shares of bluebird bio in the fourth quarter worth about $135,000. Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of bluebird bio by 454.2% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 992 shares of the biotechnology company’s stock worth $136,000 after buying an additional 813 shares in the last quarter. D.A. Davidson & CO. purchased a new stake in shares of bluebird bio in the fourth quarter worth about $214,000. Finally, Quinn Opportunity Partners LLC purchased a new stake in shares of bluebird bio in the fourth quarter worth about $232,000.

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bluebird bio Company Profile

bluebird bio, Inc, a clinical-stage biotechnology company, focuses on developing transformative gene therapies for severe genetic diseases and cancer. Its product candidates include Lenti-D that is in Phase II/III clinical trials for the treatment of cerebral adrenoleukodystrophy, a rare hereditary neurological disorder; and LentiGlobin, which is in various clinical studies for the treatment of transfusion- transfusion-dependent ß-thalassemia and severe sickle cell disease.

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