Sangamo Biosciences Receives a New Rating from Cowen & Co.

By Jason Carr

Sangamo Biosciences (NASDAQ: SGMO) received a Buy rating from Cowen & Co. analyst Ritu Baral today. The company’s shares opened today at $15.45.

According to TipRanks.com, Baral is a top 100 analyst with an average return of 37.6% and a 56.6% success rate. Baral covers the Healthcare sector, focusing on stocks such as Madrigal Pharmaceuticals Inc, Allena Pharmaceuticals Inc, and Global Blood Therapeutics.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Sangamo Biosciences with a $18.50 average price target.

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Based on Sangamo Biosciences’ latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $20.19 million. In comparison, last year the company had a GAAP net loss of $12.49 million.

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Sangamo Therapeutics, Inc. researches and develops transcription factors in the regulation of genes. It focuses on the research, development and commercialization of engineered DNA-binding proteins for therapeutic genome editing and gene regulation technology platform is enabled by the engineering of a class of transcription factors known as zinc finger DNA-binding proteins. The company was founded by Edward O. Lanphier II on June 22, 1995 and is headquartered in Richmond, CA.