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

Vetr lowered shares of Juno Therapeutics, Inc. (NASDAQ:JUNO) from a hold rating to a sell rating in a research report report published on Monday, July 24th. The brokerage currently has $28.85 price objective on the biopharmaceutical company’s stock.

JUNO has been the topic of several other reports. Cowen and Company reissued a buy rating and set a $36.00 price target (down from $41.00) on shares of Juno Therapeutics in a research report on Thursday, March 30th. Leerink Swann reissued an outperform rating on shares of Juno Therapeutics in a research report on Monday, June 12th. Citigroup Inc. dropped their price target on Juno Therapeutics from $34.00 to $30.00 and set a buy rating on the stock in a research report on Tuesday, April 4th. Zacks Investment Research raised Juno Therapeutics from a hold rating to a buy rating and set a $32.00 price target on the stock in a research report on Tuesday, July 11th. Finally, BidaskClub lowered Juno Therapeutics from a buy rating to a hold rating in a research report on Saturday, June 10th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Juno Therapeutics currently has an average rating of Hold and an average target price of $30.63.

Juno Therapeutics (JUNO) opened at 26.99 on Monday. Juno Therapeutics has a 1-year low of $17.52 and a 1-year high of $34.35. The company has a 50-day moving average of $28.75 and a 200 day moving average of $24.87. The stock’s market cap is $2.83 billion.

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

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In related news, Director Anthony B. Evnin purchased 9,000 shares of the firm’s stock in a transaction dated Tuesday, June 20th. The stock was bought at an average price of $24.40 per share, for a total transaction of $219,600.00. Following the purchase, the director now owns 66,301 shares in the company, valued at approximately $1,617,744.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Steve Harr sold 8,750 shares of the stock in a transaction that occurred on Tuesday, June 27th. The shares were sold at an average price of $30.00, for a total value of $262,500.00. Following the sale, the chief financial officer now owns 736,189 shares of the company’s stock, valued at approximately $22,085,670. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,053,500 shares of company stock valued at $217,594,440. 15.26% of the stock is currently owned by corporate insiders.

Hedge funds have recently made changes to their positions in the stock. Capital Fund Management S.A. acquired a new stake in shares of Juno Therapeutics during the first quarter valued at $1,087,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Juno Therapeutics during the first quarter valued at $1,063,000. First Trust Advisors LP increased its stake in shares of Juno Therapeutics by 47.1% in the first quarter. First Trust Advisors LP now owns 1,377,667 shares of the biopharmaceutical company’s stock valued at $30,570,000 after buying an additional 440,984 shares during the last quarter. Great West Life Assurance Co. Can increased its stake in shares of Juno Therapeutics by 80.5% in the first quarter. Great West Life Assurance Co. Can now owns 8,518 shares of the biopharmaceutical company’s stock valued at $189,000 after buying an additional 3,800 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its stake in shares of Juno Therapeutics by 111.2% in the first quarter. Canada Pension Plan Investment Board now owns 94,400 shares of the biopharmaceutical company’s stock valued at $2,095,000 after buying an additional 49,700 shares during the last quarter. Hedge funds and other institutional investors own 65.03% of the company’s stock.

Juno Therapeutics Company Profile

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.

Analyst Recommendations for Juno Therapeutics (NASDAQ:JUNO)

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