Wedbush Keeps a Hold Rating on Sangamo Biosciences (SGMO)

By Austin Angelo

Wedbush analyst Liana Moussatos reiterated a Hold rating on Sangamo Biosciences (NASDAQ: SGMO) today and set a price target of $10. The company’s shares opened today at $14.80.

According to TipRanks.com, Moussatos is a 3-star analyst with an average return of 1.5% and a 42.1% success rate. Moussatos covers the Healthcare sector, focusing on stocks such as Allena Pharmaceuticals Inc, Catabasis Pharmaceuticals, and Global Blood Therapeutics.

Currently, the analyst consensus on Sangamo Biosciences is a Moderate Buy with an average price target of $10.

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Based on Sangamo Biosciences’ latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $16.64 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.