Shares of Fluidigm Corp. (NASDAQ:FLDM) have been given a consensus recommendation of “Buy” by the eight research firms that are currently covering the company. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $13.87.
A number of equities research analysts have issued reports on the stock. Deutsche Bank AG assumed coverage on shares of Fluidigm Corp. in a report on Wednesday, June 1st. They issued a “buy” rating on the stock. Cantor Fitzgerald reissued a “buy” rating and issued a $13.00 price target on shares of Fluidigm Corp. in a report on Thursday, June 2nd. Zacks Investment Research raised shares of Fluidigm Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, September 14th. Finally, Mizuho lifted their target price on shares of Fluidigm Corp. from $11.00 to $12.00 and gave the company a “buy” rating in a research note on Friday, August 5th.
A number of hedge funds and other institutional investors have recently modified their holdings of FLDM. Acadian Asset Management LLC boosted its position in shares of Fluidigm Corp. by 377.3% in the first quarter. Acadian Asset Management LLC now owns 427,056 shares of the company’s stock worth $3,447,000 after buying an additional 337,583 shares during the period. Geode Capital Management LLC boosted its position in shares of Fluidigm Corp. by 8.9% in the first quarter. Geode Capital Management LLC now owns 200,570 shares of the company’s stock worth $1,617,000 after buying an additional 16,415 shares during the period. Wellington Management Group LLP boosted its position in shares of Fluidigm Corp. by 28.6% in the first quarter. Wellington Management Group LLP now owns 961,070 shares of the company’s stock worth $7,756,000 after buying an additional 213,670 shares during the period. Bogle Investment Management L P DE boosted its position in shares of Fluidigm Corp. by 1.0% in the first quarter. Bogle Investment Management L P DE now owns 266,923 shares of the company’s stock worth $2,154,000 after buying an additional 2,710 shares during the period. Finally, Jacobs Levy Equity Management Inc. acquired a new position in shares of Fluidigm Corp. during the first quarter worth about $371,000. 93.33% of the stock is owned by institutional investors.
Shares of Fluidigm Corp. (NASDAQ:FLDM) opened at 8.55 on Friday. Fluidigm Corp. has a 12 month low of $4.84 and a 12 month high of $12.09. The company’s market capitalization is $248.26 million. The firm has a 50-day moving average of $8.77 and a 200-day moving average of $9.15.
Fluidigm Corp. (NASDAQ:FLDM) last announced its quarterly earnings results on Thursday, August 4th. The company reported ($0.64) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.58) by $0.06. The firm earned $28.20 million during the quarter, compared to the consensus estimate of $29.62 million. Fluidigm Corp. had a negative return on equity of 45.68% and a negative net margin of 52.04%. Fluidigm Corp.’s revenue was down 1.5% on a year-over-year basis. During the same period last year, the business earned ($0.53) EPS. On average, equities analysts predict that Fluidigm Corp. will post ($2.32) earnings per share for the current year.
About Fluidigm Corp.
Fluidigm Corporation creates, manufactures and markets technologies and life science tools focused on the exploration and analysis of single cells, as well as the industrial application of genomics, based upon the Company’s core microfluidics and mass cytometry technologies. The Company operates in the development, manufacturing and commercialization of life science tools for the life science and Ag-Bio industries segment.
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