Sarepta Therapeutics Inc (NASDAQ:SRPT), a developer of innovative RNA-targeted therapeutics, granted equity awards on October 30, 2015, that were previously approved by the Compensation Committee of its Board of Directors under Sarepta’s 2014 Employment Commencement Incentive Plan, as a material inducement to employment to seventeen individuals hired by Sarepta in October 2015. The equity awards were approved in accordance with NASDAQ Listing Rule 5635(c)(4).

The employees received, in the aggregate, options to purchase 95,000 shares of Sarepta’s common stock. The options have an exercise price of $24.06 per share, which is equal to the closing price of Sarepta’s common stock on October 30, 2015. One-fourth of the shares underlying each employee’s option will vest on the one year anniversary of his or her date of hire and thereafter 1/48th of the shares underlying each employee’s option will vest monthly, such that the shares underlying the option granted to each employee will be fully vested on the fourth anniversary of his or her date of hire, in each case, subject to each such employee’s continued employment with Sarepta on such vesting dates. (Original Source)

Shares of Sarepta Therapeutics closed today at $24.06, down $0.57 or 2.31%. SRPT has a 1-year high of $41.97 and a 1-year low of $11.33. The stock’s 50-day moving average is $33.48 and its 200-day moving average is $28.46.

On the ratings front, Sarepta has been the subject of a number of recent research reports. In a report issued on October 23, Merrill Lynch analyst Steve Byrne assigned a Buy rating on SRPT, with a price target of $49, which implies an upside of 103.7% from current levels. Separately, on October 22, Piper Jaffray’s Edward Tenthoff reiterated a Buy rating on the stock and has a price target of $48.

According to, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Steve Byrne and Edward Tenthoff have a total average return of 2.1% and 8.4% respectively. Byrne has a success rate of 44.7% and is ranked #1737 out of 3808 analysts, while Tenthoff has a success rate of 42.5% and is ranked #746.

Overall, one research analyst has assigned a Hold rating and 10 research analysts have given a Buy rating to the stock. When considering if perhaps the stock is under or overvalued, the average price target is $47.67 which is 98.1% above where the stock opened today.

Sarepta Therapeutics Inc is a biopharmaceutical company focused on the discovery and development of unique RNA-targeted therapeutics for the treatment of rare, infectious and other diseases.