Citigroup Inc. Begins Coverage on Seres Therapeutics, Inc. (MCRB)
Citigroup Inc. assumed coverage on shares of Seres Therapeutics, Inc. (NASDAQ:MCRB) in a report released on Thursday, The Fly reports. The brokerage issued a positive rating and a $19.00 price objective on the biotechnology company’s stock.
A number of other equities analysts have also recently commented on the company. Zacks Investment Research cut Seres Therapeutics from a hold rating to a sell rating in a report on Wednesday. Seaport Global Securities reiterated a buy rating and set a $20.00 price target on shares of Seres Therapeutics in a report on Friday, October 6th. Cowen and Company reiterated a buy rating on shares of Seres Therapeutics in a report on Monday, October 2nd. ValuEngine cut Seres Therapeutics from a hold rating to a sell rating in a report on Thursday, September 21st. Finally, Cantor Fitzgerald reiterated a buy rating on shares of Seres Therapeutics in a report on Wednesday, August 30th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of Buy and an average price target of $18.00.
Seres Therapeutics (NASDAQ MCRB) traded up 1.10% during trading on Thursday, hitting $10.99. The company had a trading volume of 361,110 shares. The stock has a 50-day moving average of $14.07 and a 200-day moving average of $14.07. The stock’s market capitalization is $445.23 million. Seres Therapeutics has a one year low of $8.86 and a one year high of $17.42.
Seres Therapeutics (NASDAQ:MCRB) last posted its quarterly earnings results on Thursday, August 3rd. The biotechnology company reported ($0.69) EPS for the quarter, missing analysts’ consensus estimates of ($0.59) by ($0.10). Seres Therapeutics had a negative return on equity of 80.21% and a negative net margin of 441.38%. The business had revenue of $3.00 million for the quarter, compared to the consensus estimate of $3.00 million. During the same quarter in the previous year, the business posted ($0.70) EPS. The company’s revenue for the quarter was up .0% on a year-over-year basis. On average, equities analysts anticipate that Seres Therapeutics will post ($2.55) EPS for the current year.
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Several large investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Seres Therapeutics by 1.2% during the second 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 boosted its holdings in shares of Seres Therapeutics by 21.5% during the second 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 period. JPMorgan Chase & Co. boosted its holdings in shares of Seres Therapeutics by 15.9% during the first quarter. JPMorgan Chase & Co. now owns 370,225 shares of the biotechnology company’s stock worth $4,172,000 after acquiring an additional 50,860 shares during the period. State Street Corp boosted its holdings in shares of Seres Therapeutics by 12.0% during the second quarter. State Street Corp now owns 321,699 shares of the biotechnology company’s stock worth $3,637,000 after acquiring an additional 34,393 shares during the period. Finally, Northern Trust Corp boosted its holdings in shares of Seres Therapeutics by 16.2% during the second quarter. Northern Trust Corp now owns 235,766 shares of the biotechnology company’s stock worth $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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