Stocks in the Spotlight - Editas Medicine, Inc. (EDIT)

(NASDAQ:EDIT) stock have an ABR of 2.33. (NASDAQ:EDIT) from a hold rating to a buy rating in a report released on Wednesday, July 12th.

A number of other equities analysts have also commented on the company. SunTrust Banks, Inc. initiated coverage on shares of Editas Medicine in a research report on Thursday, July 13th. Puma Biotechnology, Inc. has 4 buy ratings, 1 holds and 0 sells even after the stock tumbled -19.58% from its high of $98.85 to a $2.94 billion market value through last close.

Wall Street analysts are predicting that Frank's global N.V. (NYSE:FI) will report earnings per share of $-0.1 in their quarterly report. Zacks Investment Research lowered Editas Medicine from a "buy" rating to a "hold" rating in a research note on Tuesday, July 18th. Five research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Where the relative strength index (RSI) is a technical momentum indicator that compares the magnitude of recent gains to recent losses in an attempt to determine excess buying & selling conditions of an asset, it is one of the most popular technical indicators, computed on the basis of the speed and direction of a stock's price movement.

Editas Medicine (NASDAQ EDIT) opened at 17.14 on Friday. Also, Director Boris Nikolic purchased 35,000 stocks of the firms shares in a trade on early Fri, Jun 2nd.

AK Steel Holding Corporation (AKS) Lifted to Hold at Zacks Investment Research
The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link . Following the completion of the acquisition, the director now owns 12,377 shares in the company, valued at $238,999.87.

Editas Medicine, Inc. has a 52 week low of $12.43 and a 52 week high of $29.20. Latest closing price was 14.09% above its 50-day moving average and 3.19% above its 200-day moving average. The company's market cap is $883.72 million.

Editas Medicine (NASDAQ:EDIT) previously issued its earnings report on early Wed, Aug 9th. The company reported ($0.65) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.64) by $0.01. The business had revenue of $3.10 million during the quarter, compared to analysts' expectations of $2.20 million. Editas Medicine had a negative return on equity of 69.21% and a negative net margin of 2,091.36%. Teachers Advisors, LLC added to its stake by buying 46,642 shares an increase of 316.7% in the quarter.

COPYRIGHT VIOLATION WARNING: This news story was first published by BNB Daily and is the property of of BNB Daily. If you are reading this article on another site, it was copied illegally and republished in violation of USA and worldwide copyright laws. The legal version of this news story can be accessed at https://www.baseball-news-blog.com/2017/08/12/j-p-morgan-chase-co-analysts-give-editas-medicine-inc-edit-a-27-00-price-target.html. The stock was purchased at an average cost of $14.07 per share, for a total transaction of $492,450.00. The transaction was disclosed in a filing with the SEC, which is available at this link. The shares were sold on May 22nd for an average price of $17.00. Bank of New York Mellon Corp now owns 142,122 shares of the company's stock valued at $2,385,000 after buying an additional 78,632 shares during the period. Bank of America Corp DE boosted its position in shares of Editas Medicine by 72.2% in the first quarter. Legal & General Group Plc now owns 8,654 shares of the company's stock valued at $145,000 after buying an additional 6,535 shares during the period. Clough Capital Partners L P increased its stake in Editas Medicine by 678.0% in the first quarter. Driehaus Capital Management has an ownership of 125,684 stocks of the firms shares valued $2,805,000 after scooping up an extra 79,104 shares through out the quarter. large institution funds own 67.87% of the firms stock. Hershey Trust Co. purchased a new stake in shares of Editas Medicine during the second quarter worth approximately $244,000.

EPS growth in next year is estimated to reach -4.30% while EPS growth estimate for this year is set at -47.00%. As of the end of the quarter Teachers Advisors, LLC had acquired 46,642 shares growing its position 316.7%. The Chief Medical Officer now owns $56,600 of the stock as reported to the SEC. It is engaged in treating patients with genetically defined diseases by correcting their disease-causing genes. The Company is developing a genome editing platform based on clustered, regularly interspaced short palindromic repeats (CRISPR) technology.

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