Brown Advisory Inc. Invests $115,000 in Fluidigm Co. (FLDM) Stock
Brown Advisory Inc. bought a new position in shares of Fluidigm Co. (NASDAQ:FLDM) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 13,287 shares of the medical research company’s stock, valued at approximately $115,000.
Other institutional investors have also bought and sold shares of the company. Quantamental Technologies LLC acquired a new stake in shares of Fluidigm in the fourth quarter valued at about $61,000. United Services Automobile Association acquired a new stake in shares of Fluidigm in the fourth quarter valued at about $102,000. Rhumbline Advisers grew its position in shares of Fluidigm by 42.9% in the fourth quarter. Rhumbline Advisers now owns 34,489 shares of the medical research company’s stock valued at $297,000 after purchasing an additional 10,358 shares during the last quarter. Chicago Equity Partners LLC acquired a new stake in shares of Fluidigm in the fourth quarter valued at about $313,000. Finally, Monarch Partners Asset Management LLC acquired a new stake in shares of Fluidigm in the fourth quarter valued at about $317,000.
Several equities research analysts have recently issued reports on FLDM shares. Janney Montgomery Scott raised Fluidigm from a “neutral” rating to a “buy” rating in a research report on Thursday, January 3rd. BidaskClub raised Fluidigm from a “hold” rating to a “buy” rating in a research report on Thursday, December 27th. ValuEngine raised Fluidigm from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. BTIG Research started coverage on Fluidigm in a research report on Wednesday, March 13th. They issued a “buy” rating and a $15.00 price target on the stock. Finally, Zacks Investment Research downgraded Fluidigm from a “buy” rating to a “hold” rating in a research report on Tuesday, January 1st. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $14.00.
Fluidigm (NASDAQ:FLDM) last announced its quarterly earnings results on Thursday, February 7th. The medical research company reported ($0.18) EPS for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.07. The firm had revenue of $32.33 million during the quarter, compared to analysts’ expectations of $30.55 million. Fluidigm had a negative net margin of 52.24% and a negative return on equity of 71.42%. Equities analysts forecast that Fluidigm Co. will post -0.58 EPS for the current year.
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Fluidigm Corporation creates, manufactures, and markets technologies and tools for life sciences research in the United States and Europe. It offers analytical systems comprising Helios, a CyTOF system, Hyperion imaging system, and Hyperion tissue imager; and assays and reagents, including Maxpar reagents and Maxpar human immune monitoring panel kit and workflow.
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