Global Blood Therapeutics Inc Expected to Earn FY2022 Earnings of $4.30 Per Share (GBT)

Global Blood Therapeutics Inc (NASDAQ:GBT) – Research analysts at Oppenheimer issued their FY2022 EPS estimates for Global Blood Therapeutics in a report issued on Thursday. Oppenheimer analyst M. Breidenbach anticipates that the company will earn $4.30 per share for the year. Oppenheimer currently has a “Buy” rating and a $79.00 target price on the stock.

Global Blood Therapeutics (NASDAQ:GBT) last announced its quarterly earnings data on Thursday, November 2nd. The company reported ($0.66) earnings per share for the quarter, missing the consensus estimate of ($0.62) by ($0.04). During the same period in the prior year, the firm earned ($0.58) earnings per share.

GBT has been the subject of a number of other research reports. Morgan Stanley reaffirmed an “overweight” rating and set a $56.00 target price (up previously from $51.00) on shares of Global Blood Therapeutics in a report on Friday, October 6th. BidaskClub raised Global Blood Therapeutics from a “buy” rating to a “strong-buy” rating in a report on Tuesday, December 12th. Needham & Company LLC set a $51.00 target price on Global Blood Therapeutics and gave the company a “buy” rating in a report on Wednesday, October 18th. Zacks Investment Research lowered Global Blood Therapeutics from a “buy” rating to a “hold” rating in a report on Monday, October 16th. Finally, HC Wainwright set a $73.00 target price on Global Blood Therapeutics and gave the company a “buy” rating in a report on Monday, December 11th. One analyst has rated the stock with a sell rating, one has issued a hold rating and fourteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $62.07.

Global Blood Therapeutics (GBT) traded up $0.15 during mid-day trading on Friday, reaching $56.60. The company’s stock had a trading volume of 968,595 shares, compared to its average volume of 1,600,000. The stock has a market cap of $2,600.00 and a price-to-earnings ratio of -22.20. Global Blood Therapeutics has a 1-year low of $14.70 and a 1-year high of $57.75.

Institutional investors and hedge funds have recently modified their holdings of the company. BNP Paribas Arbitrage SA increased its position in Global Blood Therapeutics by 694.9% in the second quarter. BNP Paribas Arbitrage SA now owns 4,547 shares of the company’s stock worth $124,000 after buying an additional 3,975 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Global Blood Therapeutics in the 3rd quarter valued at approximately $200,000. Trexquant Investment LP bought a new stake in shares of Global Blood Therapeutics in the 3rd quarter valued at approximately $202,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Global Blood Therapeutics in the 3rd quarter valued at approximately $205,000. Finally, Virtu KCG Holdings LLC bought a new stake in shares of Global Blood Therapeutics in the 2nd quarter valued at approximately $219,000. Hedge funds and other institutional investors own 85.72% of the company’s stock.

In other news, VP Peter Radovich sold 12,500 shares of Global Blood Therapeutics stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $35.00, for a total transaction of $437,500.00. Following the completion of the sale, the vice president now owns 2,684 shares in the company, valued at approximately $93,940. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Charles J. Homcy sold 70,000 shares of Global Blood Therapeutics stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $33.97, for a total value of $2,377,900.00. Following the sale, the director now owns 83,328 shares of the company’s stock, valued at approximately $2,830,652.16. The disclosure for this sale can be found here. In the last quarter, insiders have sold 103,500 shares of company stock valued at $3,773,000. Corporate insiders own 5.30% of the company’s stock.

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Global Blood Therapeutics Company Profile

Global Blood Therapeutics, Inc is a clinical-stage biopharmaceutical company. The Company is engaged in discovering, developing and commercializing therapeutics to treat blood-based disorders. The Company is developing its initial product candidate, GBT440, as an oral, once-daily therapy for sickle cell disease (SCD).

Earnings History and Estimates for Global Blood Therapeutics (NASDAQ:GBT)

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