Seres Therapeutics (MCRB) Stock Rating Upgraded by BidaskClub

BidaskClub upgraded shares of Seres Therapeutics (NASDAQ:MCRB) from a strong sell rating to a sell rating in a report issued on Friday, April 13th.

Separately, Zacks Investment Research lowered shares of Seres Therapeutics from a buy rating to a hold rating in a report on Wednesday, January 3rd. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $18.00.

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Shares of MCRB opened at $7.73 on Friday. The company has a current ratio of 4.90, a quick ratio of 4.90 and a debt-to-equity ratio of 0.15. Seres Therapeutics has a twelve month low of $6.65 and a twelve month high of $17.42.

Seres Therapeutics (NASDAQ:MCRB) last announced its quarterly earnings results on Thursday, March 8th. The biotechnology company reported ($0.71) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.73) by $0.02. The business had revenue of $3.06 million during the quarter, compared to analysts’ expectations of $3.00 million. Seres Therapeutics had a negative net margin of 278.44% and a negative return on equity of 103.46%. research analysts expect that Seres Therapeutics will post -2.65 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. ARK Investment Management LLC raised its holdings in Seres Therapeutics by 82.0% in the 4th quarter. ARK Investment Management LLC now owns 1,625,501 shares of the biotechnology company’s stock worth $16,483,000 after purchasing an additional 732,579 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Seres Therapeutics by 48.7% in the 4th quarter. Renaissance Technologies LLC now owns 911,200 shares of the biotechnology company’s stock worth $9,240,000 after purchasing an additional 298,300 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Seres Therapeutics by 39.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 373,334 shares of the biotechnology company’s stock worth $6,160,000 after purchasing an additional 106,479 shares in the last quarter. Millennium Management LLC raised its holdings in Seres Therapeutics by 40.3% in the 4th quarter. Millennium Management LLC now owns 295,675 shares of the biotechnology company’s stock worth $2,998,000 after purchasing an additional 84,936 shares in the last quarter. Finally, Jennison Associates LLC bought a new position in Seres Therapeutics in the 4th quarter worth $2,308,000. Institutional investors and hedge funds own 79.02% of the company’s stock.

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Seres Therapeutics Company Profile

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.

Analyst Recommendations for Seres Therapeutics (NASDAQ:MCRB)

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