Sangamo Biosciences (SGMO) Receives a Rating Update from a Top Analyst

By Carrie Williams

Cowen & Co. analyst Ritu Baral maintained a Buy rating on Sangamo Biosciences (SGMOResearch Report) today. The company’s shares closed last Monday at $11.66.

According to TipRanks.com, Baral is a top 100 analyst with an average return of 24.6% and a 52.7% success rate. Baral covers the Healthcare sector, focusing on stocks such as Global Blood Therapeutics, Milestone Pharmaceuticals, and Madrigal Pharmaceuticals.

Sangamo Biosciences has an analyst consensus of Moderate Buy, with a price target consensus of $13.50.

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Based on Sangamo Biosciences’ latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $27.31 million. In comparison, last year the company had a GAAP net loss of $12.84 million.

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Sangamo Therapeutics, Inc. engages in researching and developing 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 in 1995 and is headquartered in Richmond, CA.