William Blair Weighs in on LogicBio Therapeutics Inc’s Q2 2019 Earnings (LOGC)
LogicBio Therapeutics Inc (NASDAQ:LOGC) – Stock analysts at William Blair raised their Q2 2019 earnings estimates for shares of LogicBio Therapeutics in a research note issued on Tuesday, May 14th. William Blair analyst R. Prasad now expects that the company will earn ($0.43) per share for the quarter, up from their prior estimate of ($0.50). William Blair also issued estimates for LogicBio Therapeutics’ Q3 2019 earnings at ($0.43) EPS, Q4 2019 earnings at ($0.48) EPS, FY2019 earnings at ($1.69) EPS and FY2020 earnings at ($2.44) EPS.
LogicBio Therapeutics (NASDAQ:LOGC) last posted its quarterly earnings data on Tuesday, May 14th. The company reported ($0.34) EPS for the quarter, missing the consensus estimate of ($0.32) by ($0.02).
Shares of LogicBio Therapeutics stock opened at $14.54 on Thursday. LogicBio Therapeutics has a 12-month low of $6.70 and a 12-month high of $18.00. The company has a market cap of $326.71 million and a price-to-earnings ratio of -4.78.
A number of institutional investors have recently modified their holdings of the business. Victory Capital Management Inc. acquired a new position in LogicBio Therapeutics during the 4th quarter valued at approximately $31,000. Northern Trust Corp increased its stake in LogicBio Therapeutics by 4.7% during the 1st quarter. Northern Trust Corp now owns 87,951 shares of the company’s stock valued at $869,000 after purchasing an additional 3,982 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in LogicBio Therapeutics by 26.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 20,515 shares of the company’s stock valued at $203,000 after purchasing an additional 4,315 shares in the last quarter. American International Group Inc. acquired a new position in LogicBio Therapeutics during the 4th quarter valued at approximately $56,000. Finally, New York State Common Retirement Fund acquired a new position in LogicBio Therapeutics during the 1st quarter valued at approximately $57,000. Institutional investors and hedge funds own 54.48% of the company’s stock.
LogicBio Therapeutics Company Profile
LogicBio Therapeutics, Inc, a genome editing company, focuses on developing medicines to treat rare diseases in patients with unmet medical need using GeneRide technology platform. The GeneRide technology is designed to integrate corrective genes into a patient's genome to provide a therapeutic effect.
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