Replimune Group’s (REPL) “Market Perform” Rating Reiterated at Leerink Partners

Leerink Partners reissued their market perform rating on shares of Replimune Group (NASDAQ:REPLFree Report) in a report issued on Monday, MarketBeat.com reports. The firm currently has a $2.00 price target on the stock, down from their prior price target of $11.00.

Several other equities analysts also recently commented on the stock. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Replimune Group in a report on Monday. Wedbush reiterated a “neutral” rating and set a $2.00 price target (down from $19.00) on shares of Replimune Group in a report on Monday. Piper Sandler downgraded shares of Replimune Group from an “overweight” rating to a “neutral” rating and set a $4.00 price target on the stock. in a report on Friday, April 10th. HC Wainwright reiterated a “sell” rating on shares of Replimune Group in a report on Monday. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Replimune Group in a report on Monday, December 29th. Six research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, Replimune Group currently has an average rating of “Reduce” and a consensus target price of $4.75.

Check Out Our Latest Stock Analysis on Replimune Group

Replimune Group Stock Performance

Shares of NASDAQ:REPL opened at $2.28 on Monday. The company has a market capitalization of $188.26 million, a price-to-earnings ratio of -0.66 and a beta of 0.74. Replimune Group has a 12 month low of $1.50 and a 12 month high of $13.24. The firm’s 50-day moving average is $7.21 and its 200 day moving average is $7.88. The company has a current ratio of 5.60, a quick ratio of 5.60 and a debt-to-equity ratio of 0.33.

Replimune Group (NASDAQ:REPLGet Free Report) last issued its quarterly earnings results on Tuesday, February 3rd. The company reported ($0.77) EPS for the quarter, beating the consensus estimate of ($0.85) by $0.08. Research analysts predict that Replimune Group will post -2.97 EPS for the current year.

Insider Buying and Selling

In other Replimune Group news, insider Christopher Sarchi sold 6,500 shares of the company’s stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $8.01, for a total value of $52,065.00. Following the transaction, the insider directly owned 151,588 shares in the company, valued at $1,214,219.88. This represents a 4.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 5.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Replimune Group

A number of hedge funds have recently added to or reduced their stakes in the stock. RTW Investments LP grew its stake in Replimune Group by 11.6% in the 4th quarter. RTW Investments LP now owns 7,140,352 shares of the company’s stock worth $69,404,000 after acquiring an additional 744,620 shares in the last quarter. Fcpm Iii Services B.V. grew its stake in Replimune Group by 6.4% in the 3rd quarter. Fcpm Iii Services B.V. now owns 4,158,368 shares of the company’s stock worth $17,424,000 after acquiring an additional 248,672 shares in the last quarter. State Street Corp grew its stake in Replimune Group by 26.3% in the 4th quarter. State Street Corp now owns 3,693,107 shares of the company’s stock worth $35,897,000 after acquiring an additional 768,982 shares in the last quarter. Vanguard Group Inc. grew its stake in Replimune Group by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 3,479,395 shares of the company’s stock worth $14,579,000 after acquiring an additional 9,707 shares in the last quarter. Finally, Braidwell LP grew its stake in Replimune Group by 550.3% in the 3rd quarter. Braidwell LP now owns 2,750,092 shares of the company’s stock worth $11,523,000 after acquiring an additional 2,327,205 shares in the last quarter. 92.53% of the stock is currently owned by institutional investors.

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Replimune Group Company Profile

(Get Free Report)

Replimune Group, Inc is a clinical‐stage biotechnology company focused on developing next‐generation oncolytic immunotherapies for the treatment of solid tumors. The company’s proprietary “RP” platform leverages genetically engineered herpes simplex virus type 1 (HSV-1) vectors armed with immunomodulatory payloads to selectively infect, replicate within and destroy cancer cells, while also stimulating systemic antitumor immune responses.

Replimune’s lead candidate, RP1, incorporates GM-CSF and a fusogenic protein to enhance both direct oncolysis and immune activation.

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Analyst Recommendations for Replimune Group (NASDAQ:REPL)

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