February 9, 2023

Vybirai Ka

Specialists In Health

Editas Medication, Inc. (NASDAQ:EDIT) Given Common Ranking of “Maintain” by Analysts

Editas Medication, Inc. (NASDAQ:EDIT) Given Common Ranking of “Maintain” by Analysts

Shares of Editas Medication, Inc. (NASDAQ:EDIT – Get Ranking) have been given a mean score of “Maintain” by the fourteen brokerages which can be overlaying the agency, MarketBeat Rankings experiences. Three equities analysis analysts have rated the inventory with a promote advice, seven have given a maintain advice and three have assigned a purchase advice to the corporate. The common twelve-month value goal amongst analysts which have up to date their protection on the inventory within the final 12 months is $15.46.

A number of equities analysts have not too long ago issued experiences on the inventory. SVB Leerink dropped their value goal on shares of Editas Medication from $14.00 to $7.00 and set a “market carry out” score for the corporate in a analysis observe on Thursday, November seventeenth. Credit score Suisse Group reaffirmed a “impartial” score and issued a $13.00 value goal on shares of Editas Medication in a analysis observe on Tuesday, December sixth. Evercore ISI dropped their value goal on shares of Editas Medication to $8.00 in a analysis report on Monday, November twenty first. Truist Monetary lowered their value goal on shares of Editas Medication from $80.00 to $35.00 and set a “purchase” score on the inventory in a analysis report on Friday, November 18th. Lastly, Citigroup began protection on shares of Editas Medication in a analysis observe on Tuesday, December thirteenth. They set a “impartial” score and a $11.00 value goal for the corporate.

Institutional Buying and selling of Editas Medication

A number of institutional buyers and hedge funds have not too long ago purchased and bought shares of EDIT. Continental Traders Companies Inc. acquired a brand new stake in shares of Editas Medication within the third quarter value $698,000. Financial institution of New York Mellon Corp raised its place in shares of Editas Medication by 8.7% through the third quarter. Financial institution of New York Mellon Corp now owns 253,291 shares of the corporate’s inventory valued at $3,100,000 after buying a further 20,327 shares over the last quarter. IHT Wealth Administration LLC purchased a brand new stake in shares of Editas Medication through the third quarter valued at $165,000. B. Riley Wealth Advisors Inc. acquired a brand new place in Editas Medication within the third quarter value $132,000. Lastly, Alpha Paradigm Companions LLC acquired a brand new place in shares of Editas Medication through the third quarter value about $348,000. Institutional buyers and hedge funds personal 69.67% of the corporate’s inventory.

Editas Medication Inventory Down 1.2 %

Shares of EDIT inventory opened at $8.87 on Monday. The agency has a market capitalization of $609.93 million, a price-to-earnings ratio of -3.02 and a beta of 1.88. Editas Medication has a 12-month low of $8.21 and a 12-month excessive of $28.74. The agency has a fifty day shifting common of $10.60 and a 200-day shifting common of $13.14.

Editas Medication (NASDAQ:EDIT – Get Ranking) final launched its quarterly earnings knowledge on Wednesday, November 2nd. The corporate reported ($0.81) earnings per share for the quarter, topping the consensus estimate of ($0.87) by $0.06. Editas Medication had a adverse web margin of 784.32% and a adverse return on fairness of 41.33%. The corporate had income of $0.04 million for the quarter, in comparison with analyst estimates of $5.86 million. Analysis analysts count on that Editas Medication will submit -3.21 earnings per share for the present 12 months.

About Editas Medication

(Get Ranking)

Editas Medication, Inc, a medical stage genome enhancing firm, focuses on growing transformative genomic medicines to deal with a spread of significant illnesses. It develops a proprietary gene enhancing platform primarily based on CRISPR expertise. The corporate develops EDIT-101, which is in Section 1/2 medical trial for Leber Congenital Amaurosis 10 that results in inherited childhood blindness.

Additional Studying

Analyst Recommendations for Editas Medicine (NASDAQ:EDIT)

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