According to TipRanks.com, Luchini is a 3-star analyst with an average return of 7.4% and a 42.4% success rate. Luchini covers the Healthcare sector, focusing on stocks such as Applied Genetic Technologies, Madrigal Pharmaceuticals, and Arvinas Holding Company.
Currently, the analyst consensus on Bluebird Bio is a Moderate Buy with an average price target of $42.69, representing a 46.1% upside. In a report released today, William Blair also maintained a Hold rating on the stock.
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Based on Bluebird Bio’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $10.71 million and GAAP net loss of $200 million. In comparison, last year the company earned revenue of $10 million and had a GAAP net loss of $223 million.
Based on the recent corporate insider activity of 97 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BLUE in relation to earlier this year. Most recently, in March 2021, Nick Leschly, the President & CEO of BLUE bought 203,355 shares for a total of $1,118,453.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
bluebird bio, Inc. is a clinical-stage biotechnology company, which engages in the development of potential gene therapies for severe genetic diseases and cancer. Its integrated product platform includes gene therapy, cancer immunotherapy, and gene editing. Its product pipeline includes Lenti-D, LentiGlobin, BCL11a shRNA, bb2121, and bb21217. The company was founded by Philippe Leboulch and Ronald C. Dorazio on April 16, 1992 and is headquartered in Cambridge, MA.