Wedbush Reiterates Their Hold Rating on Sangamo Biosciences (SGMO)

Wedbush analyst Liana Moussatos reiterated a Hold rating on Sangamo Biosciences (SGMOResearch Report) today and set a price target of $11. The company’s shares closed on Friday at $11.77.

According to TipRanks.com, Moussatos has 0 stars on 0-5 star ranking scale with an average return of -12.4% and a 28.2% success rate. Moussatos covers the Healthcare sector, focusing on stocks such as BioMarin Pharmaceutical Inc., Allena Pharmaceuticals Inc, and Aquestive Therapeutics Inc.

Currently, the analyst consensus on Sangamo Biosciences is a Moderate Buy with an average price target of $15.

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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 $30.28 million. In comparison, last year the company had a GAAP net loss of $16.64 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.