Generation Bio Co. (NASDAQ:GBIO) insider Douglas Kerr sold 11,267 shares of the company’s stock in a transaction dated Monday, January 11th. The stock was sold at an average price of $27.58, for a total value of $310,743.86. Following the completion of the sale, the insider now owns 337,825 shares of the company’s stock, valued at approximately $9,317,213.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Generation Bio stock opened at $28.90 on Thursday. The stock has a 50 day moving average of $35.62 and a 200 day moving average of $27.95. Generation Bio Co. has a 12 month low of $17.00 and a 12 month high of $55.72.
Generation Bio (NASDAQ:GBIO) last announced its quarterly earnings results on Sunday, November 15th. The company reported ($0.46) EPS for the quarter, missing analysts’ consensus estimates of ($0.45) by ($0.01). Research analysts predict that Generation Bio Co. will post -2.89 earnings per share for the current year.
Several analysts recently issued reports on the company. Zacks Investment Research upgraded Generation Bio from a “sell” rating to a “hold” rating in a research report on Tuesday, October 13th. BidaskClub cut Generation Bio from a “buy” rating to a “hold” rating in a research report on Thursday, December 31st. Finally, ValuEngine upgraded Generation Bio from a “hold” rating to a “buy” rating in a research report on Monday, October 19th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $32.33.
Generation Bio Company Profile
Generation Bio Co, a genetic medicines company, develops gene therapies for the treatment of rare and prevalent diseases. The company is developing a portfolio of programs for rare and prevalent diseases of the liver and retina. It also focuses on the diseases of skeletal muscle, central nervous system, and oncology.
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