Raymond James Maintains Their Hold Rating on Bluebird Bio (BLUE)


In a report released today, Dane Leone from Raymond James maintained a Hold rating on Bluebird Bio (BLUE). The company’s shares closed last Tuesday at $28.44.

According to TipRanks.com, Leone is a 5-star analyst with an average return of 20.5% and a 66.5% success rate. Leone covers the Healthcare sector, focusing on stocks such as Tarsus Pharmaceuticals, Allogene Therapeutics, and Ayala Pharmaceuticals.

Bluebird Bio has an analyst consensus of Hold, with a price target consensus of $56.75, representing a 69.4% upside. In a report released today, William Blair also downgraded the stock to Hold.

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Based on Bluebird Bio’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $19.27 million and GAAP net loss of $195 million. In comparison, last year the company earned revenue of $8.91 million and had a GAAP net loss of $206 million.

Based on the recent corporate insider activity of 85 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.

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.

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