Blueprint Medicines (BPMC) Gets a Buy from H.C. Wainwright

In a report released today, Andrew Fein from H.C. Wainwright reiterated a Buy rating on Blueprint Medicines (BPMCResearch Report), with a price target of $80.00. The company’s shares opened today at $53.74.

Fein covers the Healthcare sector, focusing on stocks such as ACADIA Pharmaceuticals, Vertex Pharmaceuticals, and Concert Pharma. According to TipRanks, Fein has an average return of -5.1% and a 40.53% success rate on recommended stocks.

In addition to H.C. Wainwright, Blueprint Medicines also received a Buy from JMP Securities’s Reni Benjamin in a report issued on August 3. However, today, Piper Sandler maintained a Hold rating on Blueprint Medicines (NASDAQ: BPMC).

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The company has a one-year high of $117.86 and a one-year low of $43.46. Currently, Blueprint Medicines has an average volume of 827.6K.

Based on the recent corporate insider activity of 66 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BPMC in relation to earlier this year. Most recently, in May 2022, Nicholas Lydon, a Director at BPMC bought 10,909.00 shares for a total of $213,052.77.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Blueprint Medicines Corp. is a precision therapy company. It focuses on medicines to improve the lives of patients with genomically defined cancers, rare diseases and cancer immunotherapy. The company was founded by Chris Varma, Nicholas B. Lydon, Brian Druker, and Alexis Borisy on October 14, 2008 and is headquartered in Cambridge, MA.

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