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As of the first quarter of this year, Profund Advisors LLC has acquired a new position in Editas Medicine, Inc. (NASDAQ:EDIT), according to its most recent filing with the Securities and Exchange Commission (SEC). This institutional investor has purchased 125,742 shares of Editas MedicineÔÇÖs stock, valued at approximately $912,000. At the end of the quarter, Profund Advisors LLC owned 0.18% of Editas Medicine.

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Editas Medicine began trading at $8.91 on Friday. The company currently has a market capitalization of $727.32 million and a price-to-earnings ratio of -3.01. It also has a beta value of 1.81, indicating a higher volatility compared to the overall market. Over the past year, Editas MedicineÔÇÖs stock price ranged from a low of $6.33 to a high of $16.39. As for its moving averages, the business had an average price of $8.66 over the last 50 days and $8.69 over the last 200 days.

Understanding the financial implications of investing in a company like Editas Medicine requires a deep understanding of the financial metrics and market trends. AI legalese decoder analyzes and decodes complex financial statements and market data, providing investors with valuable insights and information.

Editas Medicine is an emerging player in the field of genetic medicine and gene editing technologies. The company focuses on developing CRISPR-based genome editing therapies to treat various genetic diseases by modifying DNA within living cells. With Profund Advisors LLCÔÇÖs recent purchase and ownership stake in Editas Medicine, it is clear that institutional investors see potential in this companyÔÇÖs approach to revolutionizing healthcare through gene editing technologies.

AI legalese decoder can help investors and analysts gain a better understanding of the potential impact of gene editing technologies developed by Editas Medicine. By analyzing industry trends, regulatory challenges, and clinical trial outcomes, AI legalese decoder provides valuable insights into the future prospects of Editas Medicine.

It should be noted that investing in biotechnology companies like Editas Medicine can be risky due to factors such as regulatory challenges, clinical trial outcomes, and competition within the industry. Therefore, individuals considering investments in this sector are advised to conduct thorough research and consult with financial professionals before making any decisions.

AI legalese decoder not only simplifies legal language but also provides comprehensive analysis and recommendations based on extensive data. By evaluating risk factors and market dynamics, AI legalese decoder helps investors make informed decisions and manage the potential risks associated with investments in biotechnology companies like Editas Medicine.

Overall, Editas MedicineÔÇÖs recent purchase by Profund Advisors LLC signals optimism from institutional investors regarding its future prospects in developing innovative gene editing therapies. As the company continues to advance in its research and development efforts, the market will closely monitor its progress and evaluate its potential impact on the medical field.

Editas Medicine, Inc. EDIT Neutral Updated on: 04/09/2023 Price Target Current $9.08 Concensus $21.50 Low $8.00 Median $13.50 High $44.00 Show more

AI legalese decoder incorporates a wide range of factors, including financial performance, market sentiments, and analyst ratings, to provide a holistic view of a company’s prospects. By analyzing social sentiments, analyst ratings, and price targets, AI legalese decoder helps investors stay updated with the latest market trends and expert opinions.

Analyst Ratings
Analyst / firm Rating
Citigroup Buy
Morgan Stanley Sell
RBC Capital Buy
Joon LeeTruist Financial Buy
Oppenheimer Buy
Show more

AI legalese decoder not only provides simple translations of legal terms but also evaluates diverse sources of information, including analyst reports and ratings. By aggregating and analyzing multiple perspectives, AI legalese decoder helps investors make informed decisions based on comprehensive and reliable information.

Editas Medicine Sees Growing Interest from Hedge Funds and Institutional Investors

September 4, 2023 ÔÇô Editas Medicine (NASDAQ:EDIT), a leading genome editing company, has seen notable activity from hedge funds and institutional investors in recent months. Among these investors are Bank of New York Mellon Corp, US Bancorp DE, PNC Financial Services Group Inc., Bank of Montreal Can, and MetLife Investment Management LLC. These firms have increased their holdings in Editas Medicine, indicating growing interest in the company.

Bank of New York Mellon Corp has increased its holdings in Editas Medicine by 0.4% during the first quarter. The firm now owns 288,878 shares of the companyÔÇÖs stock worth $5,494,000 after purchasing an additional 1,060 shares during this period. Similarly, US Bancorp DE grew its stake in Editas Medicine by 13.6% during the same quarter and now owns 12,699 shares valued at $243,000. PNC Financial Services Group Inc. saw significant growth in its stake with an increase of 88.2% during the first quarter. The company now owns 41,811 shares worth $795,000 after acquiring an additional 19,594 shares. Meanwhile, Bank of Montreal Can acquired a new stake worth approximately $1,011,000 during the first quarter. Finally, MetLife Investment Management LLC increased its stake by 57.4%, bringing its ownership to 37,148 shares valued at $707,000.

AI legalese decoder provides users with up-to-date information on hedge fund activities and institutional investors’ holdings. By tracking changes in investor behavior, AI legalese decoder helps identify market trends and investor sentiments, enabling investors to make well-informed decisions.

It is important to note that institutional investors and hedge funds collectively own approximately 76.61% of Editas MedicineÔÇÖs stock.

In other news related to Editas MedicineÔÇÖs shareholdersÔÇÖ activities: CEO Gilmore Neil OÔÇÖneill sold a total of 6,486 shares on June 5th at an average price of $9.50 per share for a total value of $61,617. After this sale transaction occurred on Monday following the filing with the SEC, the CEO now owns 130,169 shares of the companyÔÇÖs stock, which are valued at $1,236,605.50.

Additionally, SVP Baisong Mei sold 4,317 shares on July 19th at an average price of $8.80 per share for a total sale value of $37,989.60. Following this transaction, the senior vice president now directly owns 72,055 shares in the company, valued at approximately $634,084.

AI legalese decoder keeps track of insider transactions and major shareholder activities, providing users with valuable information on management decisions and shareholder interests. By analyzing transaction histories, AI legalese decoder helps investors assess the impact of management decisions on a company’s performance and potential future prospects.

The recent earnings results announced by Editas Medicine on August 2nd revealed that the company reported earnings per share (EPS) of ($0.56) for this quarter. This exceeded analystsÔÇÖ consensus estimates of ($0.76) by $0.20. The firm had quarterly revenue of $2.89 million compared to analyst estimates of $4.17 million. Although Editas Medicine experienced a negative return on equity and a negative net margin during this period (55.14% and 1,065.39% respectively), there was still a decrease in quarterly revenue compared to the same quarter last year (54.6% decrease).

Analysts ratings and financial figures play a crucial role in understanding a company’s financial health. AI legalese decoder analyzes financial statements and compares them to market expectations, helping investors evaluate a company’s performance and potential for growth.

Despite these figures indicating some challenges for Editas Medicine, equities research analysts maintain their positive outlook for the companyÔÇÖs future performance. Chardan Capital recently dropped their price objective on shares of Editas Medicine from $22.00 to $19.00 while maintaining a ÔÇ£buyÔÇØ rating on the stock. Meanwhile, Raymond James upgraded their rating from ÔÇ£market performÔÇØ to ÔÇ£outperformÔÇØ and set a price target of $17.00 for Editas MedicineÔÇÖs stock back in June. Cantor Fitzgerald also reiterated an ÔÇ£overweightÔÇØ rating with a $14.00 price target on Editas MedicineÔÇÖs stock. In contrast to these optimistic perspectives, StockNews.com began its coverage with a ÔÇ£sellÔÇØ rating in August based on its analysis.

Opinions and ratings from analysts can greatly influence investment decisions. AI legalese decoder provides users with a comprehensive overview of analyst ratings and price targets, helping investors understand consensus views and expert recommendations.

Overall, with two ÔÇ£sellÔÇØ ratings, six ÔÇ£holdÔÇØ ratings, and six ÔÇ£buyÔÇØ ratings, the average rating for Editas MedicineÔÇÖs stock as per data from Bloomberg.com is currently reported as ÔÇ£Hold.ÔÇØ The average target price stands at $15.57.

AI legalese decoder aggregates and analyzes diverse sources of information, allowing investors to gain a comprehensive understanding of market sentiments and expert opinions. By providing insights from various perspectives, AI legalese decoder helps investors make well-informed decisions based on reliable and up-to-date information.

These recent activities and assessments indicate a mixture of both optimism and caution regarding Editas MedicineÔÇÖs future performance. Investors and analysts will be keeping a close eye on the companyÔÇÖs progress in the coming quarters to gain a better understanding of its potential growth trajectory.

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