Repare Therapeutics Inc. (NASDAQ:RPTX – Get Rating)'s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $14.25, but opened at $14.74. Repare Therapeutics shares last traded at $14.60, with a volume of 2,101 shares.
Analyst Upgrades and Downgrades
Separately, HC Wainwright lowered their target price on shares of Repare Therapeutics from $38.00 to $25.00 and set a "buy" rating for the company in a report on Thursday, November 17th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $31.50.
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Repare Therapeutics Stock Performance
The business has a 50-day moving average of $15.50 and a 200-day moving average of $13.90. The stock has a market capitalization of $634.05 million, a price-to-earnings ratio of -20.70 and a beta of 0.06.
Insider Activity
In other news, Director Davis Jerel sold 250,000 shares of Repare Therapeutics stock in a transaction on Friday, December 9th. The shares were sold at an average price of $16.00, for a total value of $4,000,000.00. Following the transaction, the director now directly owns 2,094,451 shares of the company's stock, valued at approximately $33,511,216. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through
this hyperlink. Corporate insiders own 33.60% of the company's stock.
Hedge Funds Weigh In On Repare Therapeutics
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in Repare Therapeutics by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 73,842 shares of the company's stock worth $895,000 after acquiring an additional 600 shares during the period. State Street Corp increased its stake in Repare Therapeutics by 1.2% in the 3rd quarter. State Street Corp now owns 53,475 shares of the company's stock valued at $649,000 after buying an additional 648 shares during the period. Nuveen Asset Management LLC raised its position in Repare Therapeutics by 3.1% during the 3rd quarter. Nuveen Asset Management LLC now owns 21,818 shares of the company's stock worth $265,000 after buying an additional 660 shares during the last quarter. UBS Group AG lifted its stake in shares of Repare Therapeutics by 26.3% in the 3rd quarter. UBS Group AG now owns 3,551 shares of the company's stock worth $43,000 after acquiring an additional 739 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Repare Therapeutics by 5.3% in the first quarter. JPMorgan Chase & Co. now owns 25,039 shares of the company's stock valued at $356,000 after acquiring an additional 1,253 shares in the last quarter. Hedge funds and other institutional investors own 78.19% of the company's stock.
Repare Therapeutics Company Profile
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Repare Therapeutics Inc, a clinical-stage precision oncology company, discovers and develops therapeutics by using its synthetic lethality approach in Canada and the United States. The company uses its SNIPRx, a proprietary, genome-wide, and CRISPR-enabled platform to systematically discover and develop highly targeted cancer therapies that focuses on genomic instability, including DNA damage repair.
Further Reading
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