Cowen and Company Reiterates “Buy” Rating for Seres Therapeutics, Inc. (MCRB)
Seres Therapeutics, Inc. (NASDAQ:MCRB)‘s stock had its “buy” rating reiterated by Cowen and Company in a note issued to investors on Monday.
The analysts wrote, “Seres reported top-line results from a Phase 1b trial of SER-287 in 58 patients with.””
Several other equities analysts have also weighed in on the stock. ValuEngine lowered shares of Seres Therapeutics from a “hold” rating to a “sell” rating in a research report on Thursday, September 21st. HC Wainwright restated a “buy” rating and set a $19.00 price objective (up previously from $15.00) on shares of Seres Therapeutics in a report on Friday, August 4th. Canaccord Genuity set a $20.00 price objective on shares of Seres Therapeutics and gave the stock a “buy” rating in a research report on Thursday, August 3rd. Zacks Investment Research raised shares of Seres Therapeutics from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research report on Friday, July 14th. Finally, Cantor Fitzgerald reiterated a “buy” rating on shares of Seres Therapeutics in a research note on Wednesday, August 30th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $17.00.
Seres Therapeutics (NASDAQ MCRB) opened at 12.64 on Monday. Seres Therapeutics has a 12-month low of $8.86 and a 12-month high of $17.42. The firm’s market capitalization is $512.07 million. The firm has a 50 day moving average of $15.27 and a 200 day moving average of $15.27.
Seres Therapeutics (NASDAQ:MCRB) last announced its earnings results on Thursday, August 3rd. The biotechnology company reported ($0.69) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.59) by ($0.10). The business had revenue of $3.00 million for the quarter, compared to analysts’ expectations of $3.00 million. Seres Therapeutics had a negative net margin of 441.38% and a negative return on equity of 80.21%. The company’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.70) earnings per share. On average, analysts forecast that Seres Therapeutics will post ($2.48) EPS for the current fiscal year.
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Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Seres Therapeutics by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 1,585,026 shares of the biotechnology company’s stock worth $17,911,000 after acquiring an additional 19,363 shares during the period. ARK Investment Management LLC increased its holdings in Seres Therapeutics by 21.5% in the 2nd quarter. ARK Investment Management LLC now owns 765,191 shares of the biotechnology company’s stock worth $8,647,000 after acquiring an additional 135,276 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Seres Therapeutics by 15.9% in the 1st quarter. JPMorgan Chase & Co. now owns 370,225 shares of the biotechnology company’s stock valued at $4,172,000 after acquiring an additional 50,860 shares during the period. State Street Corp raised its stake in Seres Therapeutics by 12.0% in the 2nd quarter. State Street Corp now owns 321,699 shares of the biotechnology company’s stock valued at $3,637,000 after acquiring an additional 34,393 shares during the period. Finally, Northern Trust Corp raised its stake in Seres Therapeutics by 16.2% in the 2nd quarter. Northern Trust Corp now owns 235,766 shares of the biotechnology company’s stock valued at $2,664,000 after acquiring an additional 32,875 shares during the period. Institutional investors own 74.76% of the company’s stock.
About Seres Therapeutics
Seres Therapeutics, Inc is a microbiome therapeutics platform company. The Company is engaged in developing a class of biological drugs, which is referred as Ecobiotic microbiome therapeutics. The Company’s drugs are designed to restore health by repairing the function of a dysbiotic microbiome. The Company is focused on implementing its microbiome therapeutics platform to develop Ecobiotic microbiome therapeutics that treats dysbiosis in the colonic microbiome.
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