Vetr Inc. Downgrades Juno Therapeutics, Inc. (JUNO) to Sell

Juno Therapeutics, Inc. (NASDAQ:JUNO) was downgraded by Vetr from a “hold” rating to a “sell” rating in a report issued on Monday, August 7th. They currently have a $28.47 price target on the biopharmaceutical company’s stock. Vetr‘s price target would suggest a potential upside of 5.48% from the company’s previous close.

Several other equities analysts have also issued reports on the company. Wedbush reaffirmed a “neutral” rating and set a $24.00 price target on shares of Juno Therapeutics in a research note on Friday, May 5th. BidaskClub raised Juno Therapeutics from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 27th. Morgan Stanley cut their price target on Juno Therapeutics from $27.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Monday, May 8th. FBR & Co reaffirmed a “hold” rating on shares of Juno Therapeutics in a research note on Thursday, May 18th. Finally, Zacks Investment Research lowered Juno Therapeutics from a “buy” rating to a “hold” rating in a research note on Tuesday, May 2nd. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. Juno Therapeutics presently has an average rating of “Hold” and an average target price of $30.63.

Juno Therapeutics (JUNO) traded down 0.26% on Monday, reaching $26.99. The company had a trading volume of 788,677 shares. The company’s market capitalization is $2.83 billion. The company’s 50 day moving average price is $28.75 and its 200-day moving average price is $24.87. Juno Therapeutics has a 12 month low of $17.52 and a 12 month high of $34.35.

Juno Therapeutics (NASDAQ:JUNO) last issued its quarterly earnings results on Thursday, August 3rd. The biopharmaceutical company reported ($0.96) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.72) by $0.24. Juno Therapeutics had a negative net margin of 354.36% and a negative return on equity of 27.10%. The firm had revenue of $21.30 million for the quarter, compared to analyst estimates of $15.59 million. During the same period last year, the company earned ($0.64) EPS. The company’s revenue was down 22.8% compared to the same quarter last year. On average, equities analysts predict that Juno Therapeutics will post ($3.13) earnings per share for the current fiscal year.

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In other Juno Therapeutics news, major shareholder Douglas K. Bratton sold 8,000,000 shares of the stock in a transaction dated Thursday, July 13th. The stock was sold at an average price of $27.00, for a total value of $216,000,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard Klausner sold 12,000 shares of the stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $30.34, for a total value of $364,080.00. Following the completion of the sale, the director now owns 788,985 shares of the company’s stock, valued at $23,937,804.90. The disclosure for this sale can be found here. Insiders sold 8,053,500 shares of company stock valued at $217,594,440 in the last quarter. 15.26% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in JUNO. Baillie Gifford & Co. increased its stake in shares of Juno Therapeutics by 1.2% in the first quarter. Baillie Gifford & Co. now owns 11,197,863 shares of the biopharmaceutical company’s stock valued at $248,481,000 after buying an additional 135,908 shares during the period. Vanguard Group Inc. increased its stake in shares of Juno Therapeutics by 2.1% in the second quarter. Vanguard Group Inc. now owns 6,285,676 shares of the biopharmaceutical company’s stock valued at $187,879,000 after buying an additional 131,864 shares during the period. BlackRock Inc. increased its stake in shares of Juno Therapeutics by 2.6% in the second quarter. BlackRock Inc. now owns 4,294,296 shares of the biopharmaceutical company’s stock valued at $128,357,000 after buying an additional 110,503 shares during the period. State Street Corp increased its stake in shares of Juno Therapeutics by 7.4% in the second quarter. State Street Corp now owns 3,236,384 shares of the biopharmaceutical company’s stock valued at $96,742,000 after buying an additional 222,754 shares during the period. Finally, Capital World Investors increased its stake in shares of Juno Therapeutics by 13.8% in the second quarter. Capital World Investors now owns 2,425,000 shares of the biopharmaceutical company’s stock valued at $72,483,000 after buying an additional 295,000 shares during the period. Institutional investors own 65.03% of the company’s stock.

About Juno Therapeutics

Juno Therapeutics, Inc (Juno) is a biopharmaceutical company, which is focused on developing cellular immunotherapies for the treatment of cancer. The Company is developing cell-based cancer immunotherapies based on its chimeric antigen receptor (CAR) and T cell receptor (TCR) technologies to genetically engineer T cells to recognize and kill cancer cells.

To view Vetr’s full report, visit Vetr’s official website.

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