Taysha Gene Therapies, Inc. (NASDAQ:TSHA – Get Free Report) insider Sukumar Nagendran sold 200,000 shares of the stock in a transaction on Friday, July 10th. The shares were sold at an average price of $6.24, for a total value of $1,248,000.00. Following the sale, the insider directly owned 936,410 shares in the company, valued at approximately $5,843,198.40. The trade was a 17.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Taysha Gene Therapies Price Performance
Taysha Gene Therapies stock traded down $0.23 during midday trading on Friday, reaching $6.34. 2,850,052 shares of the company were exchanged, compared to its average volume of 3,779,284. The company has a market capitalization of $1.82 billion, a price-to-earnings ratio of -16.68 and a beta of 1.17. Taysha Gene Therapies, Inc. has a 1 year low of $2.34 and a 1 year high of $7.30. The company has a debt-to-equity ratio of 0.23, a quick ratio of 14.04 and a current ratio of 14.04. The firm’s 50-day simple moving average is $6.15 and its 200-day simple moving average is $5.35.
Taysha Gene Therapies (NASDAQ:TSHA – Get Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.02). On average, analysts anticipate that Taysha Gene Therapies, Inc. will post -0.49 EPS for the current year.
Institutional Investors Weigh In On Taysha Gene Therapies
Analyst Ratings Changes
A number of equities analysts have recently commented on TSHA shares. Needham & Company LLC restated a “buy” rating and issued a $12.00 price objective on shares of Taysha Gene Therapies in a report on Tuesday, June 30th. Canaccord Genuity Group raised their price objective on Taysha Gene Therapies from $14.00 to $17.00 and gave the company a “buy” rating in a research report on Monday, April 6th. Citigroup restated an “outperform” rating on shares of Taysha Gene Therapies in a research note on Tuesday, June 23rd. Citizens Jmp reaffirmed a “market outperform” rating and issued a $11.00 target price on shares of Taysha Gene Therapies in a research report on Thursday, July 2nd. Finally, Chardan Capital reaffirmed a “buy” rating and issued a $12.00 price objective on shares of Taysha Gene Therapies in a research report on Thursday, March 19th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $12.62.
Read Our Latest Report on TSHA
Taysha Gene Therapies Company Profile
Taysha Gene Therapies, Inc (NASDAQ: TSHA) is a clinical-stage biotechnology company focused on developing gene therapies for rare monogenic diseases of the central nervous system. Using a proprietary adeno-associated viral (AAV) vector platform, the company engineers novel capsids and regulatory elements to optimize delivery and expression of therapeutic genes. Its pipeline features lead programs such as TSHA-102 for GM2 gangliosidoses (Tay–Sachs and Sandhoff diseases), TSHA-101 for GM1 gangliosidosis and TSHA-103 for aromatic l-amino acid decarboxylase (AADC) deficiency, alongside earlier-stage candidates targeting other life-threatening pediatric CNS disorders.
Founded in 2019 and headquartered in Dallas, Texas, Taysha Gene Therapies completed its initial public offering in May 2021.
Featured Articles
- Five stocks we like better than Taysha Gene Therapies
- AeroVironment Flies Under Wall Street’s Radar Toward a $4 Billion Target
- Micron’s $250 Billion Bet Could Reshape the AI Memory Race
- Rocket Lab’s Stock Drop Comes With a Bullish Twist
- Amazon’s New Debt Deal Puts Its AI Spending Story on Trial
Receive News & Ratings for Taysha Gene Therapies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Taysha Gene Therapies and related companies with MarketBeat.com's FREE daily email newsletter.
