ValuEngine upgraded shares of Fate Therapeutics (NASDAQ:FATE) from a hold rating to a buy rating in a research report report published on Monday morning.
FATE has been the topic of several other research reports. Zacks Investment Research raised shares of Fate Therapeutics from a hold rating to a buy rating and set a $7.50 target price on the stock in a research note on Tuesday, January 9th. Raymond James Financial reaffirmed a buy rating on shares of Fate Therapeutics in a research note on Tuesday, December 12th. BMO Capital Markets raised their price target on shares of Fate Therapeutics from $7.00 to $20.00 and gave the stock an outperform rating in a research note on Tuesday, March 6th. Wells Fargo reaffirmed an outperform rating and issued a $19.00 price target (up previously from $10.00) on shares of Fate Therapeutics in a research note on Tuesday, March 6th. Finally, HC Wainwright downgraded shares of Fate Therapeutics from a buy rating to a neutral rating and set a $12.00 price target on the stock. in a research note on Tuesday, March 6th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. Fate Therapeutics has a consensus rating of Buy and a consensus price target of $15.00.
Shares of FATE traded down $0.54 during midday trading on Monday, hitting $9.43. The stock had a trading volume of 249,574 shares, compared to its average volume of 739,287. Fate Therapeutics has a 1 year low of $2.52 and a 1 year high of $14.45. The company has a market cap of $554.63, a P/E ratio of -9.37 and a beta of 1.74. The company has a current ratio of 9.29, a quick ratio of 9.29 and a debt-to-equity ratio of 0.19.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Northern Trust Corp boosted its holdings in shares of Fate Therapeutics by 968.7% in the 2nd quarter. Northern Trust Corp now owns 368,208 shares of the biopharmaceutical company’s stock valued at $1,193,000 after buying an additional 333,753 shares in the last quarter. State Street Corp acquired a new stake in Fate Therapeutics in the 2nd quarter worth approximately $1,437,000. California State Teachers Retirement System acquired a new stake in Fate Therapeutics in the 2nd quarter worth approximately $219,000. Russell Investments Group Ltd. acquired a new stake in Fate Therapeutics in the 3rd quarter worth approximately $234,000. Finally, Neuberger Berman Group LLC boosted its stake in Fate Therapeutics by 167.6% in the 3rd quarter. Neuberger Berman Group LLC now owns 133,000 shares of the biopharmaceutical company’s stock worth $527,000 after purchasing an additional 83,300 shares in the last quarter. 66.41% of the stock is currently owned by institutional investors and hedge funds.
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Fate Therapeutics Company Profile
Fate Therapeutics, Inc (Fate Therapeutics) is a clinical-stage biopharmaceutical company. The Company is engaged in development of programmed cellular immunotherapies for cancer and immune disorders. The Company’s cell therapy pipeline consists of immuno-oncology programs, including cancer immunotherapies derived from engineered induced pluripotent cells, and immuno-regulatory programs, including hematopoietic cell immunotherapies for protecting the immune system of patients undergoing hematopoietic cell transplantation and for suppressing autoimmunity.
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