Juno Therapeutics (JUNO) Shares Skyrocket on Celgene Buyout

23 Enero, 2018, 01:11 | Author: Arnold Perez
  • Picking Up       Deal volume in U.S. biotechnology so far this quarter is at the highest since 2010              Data compiled by Bloomberg

Earnings per share (EPS) is the portion of a company's profit allocated to each outstanding share of common stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

In other news, EVP Robert Azelby sold 6,666 shares of Juno Therapeutics stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $44.76, for a total value of $391,650.00. Also, CFO Steve Harr sold 8,750 shares of Juno Therapeutics stock in a transaction dated Thursday, December 21st. This metric reflects the average amount a stock's price has differed from the mean over a period of time. (NASDAQ:JUNO). During recent trading, shares saw a move of -4.99% hitting a price of $67.81. 5,229,618 shares of the company traded hands, compared to its average volume of 2,846,186.

With all other things going on, Juno Therapeutics, Inc. The company has a quick ratio of 4.77, a current ratio of 4.77 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $8,148.52, a P/E ratio of -20.06 and a beta of 2.32.

Juno Therapeutics Inc. (NASDAQ:JUNO) reported its EPS in the last quarter as $-1.12/Share lagging the analyst estimate of $-0.84/Share by a difference of $-0.28. Juno Therapeutics had a negative net margin of 332.05% and a negative return on equity of 32.54%. They expect $-1.02 EPS, down 54.55% or $0.36 from last year's $-0.66 per share.

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Juno Therapeutics (NASDAQ:JUNO) last announced its earnings results on Wednesday, November 1st. As such, analysts can estimate Juno Therapeutics, Inc.'s growth for next year as -9.10%. Finally, Citigroup reissued a "buy" rating and set a $59.00 price target on shares of Juno Therapeutics in a research note on Tuesday, October 31st. Raymond James Financial upped their target price on shares of Juno Therapeutics from $45.00 to $61.00 and gave the company an "outperform" rating in a research note on Friday, November 3rd.

Analysts have given a mean recommendation of 2.10 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). The stock now has an average rating of "Hold" and an average target price of $47.26.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Juno Therapeutics's quarterly revenue was up 115.4% on a year-over-year basis. The stock traded on impressive volume of 8.43 Million comparing to the average volume of 2638.29 shares, completing picture of exact trends with uncompleted dots in volume over the norm. It also increased its holding in Omeros Corp (NASDAQ:OMER) by 400,000 shares in the quarter, for a total of 1.70M shares, and has risen its stake in Mersana Therapeutics. Aperio Group LLC now owns 29,554 shares of the biopharmaceutical company's stock worth $1,326,000 after purchasing an additional 1,194 shares during the last quarter. Bronfman E.L. Rothschild L.P. now owns 3,572 shares of the biopharmaceutical company's stock valued at $160,000 after purchasing an additional 3,559 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in shares of Juno Therapeutics during the fourth quarter worth $204,000.

In the second deal, Celgene (NASDAQ: CELG) will pay $87 per share, or about $9 billion, to buy the roughly 90 percent of Seattle-based Juno (NASDAQ: JUNO) that it doesn't already own.

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