California State Teachers Retirement System maintained its stake in Fluidigm Corp. (NASDAQ:FLDM) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 60,987 shares of the company’s stock at the end of the second quarter. California State Teachers Retirement System owned about 0.21% of Fluidigm Corp. worth $551,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in the stock. Stoneridge Investment Partners LLC acquired a new stake in Fluidigm Corp. during the second quarter valued at approximately $220,000. Jacobs Levy Equity Management Inc. acquired a new stake in Fluidigm Corp. during the first quarter valued at approximately $371,000. Iguana Healthcare Management LLC purchased a new stake in shares of Fluidigm Corp. during the first quarter worth about $782,000. Geode Capital Management LLC increased its stake 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 last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Fluidigm Corp. by 3.0% in the second quarter. Bank of New York Mellon Corp now owns 185,974 shares of the company’s stock worth $1,680,000 after buying an additional 5,419 shares during the last quarter. 93.33% of the stock is currently owned by institutional investors and hedge funds.
Fluidigm Corp. (NASDAQ:FLDM) traded down 1.27% on Friday, hitting $7.75. 47,131 shares of the company traded hands. Fluidigm Corp. has a 1-year low of $4.84 and a 1-year high of $12.09. The firm’s market capitalization is $225.03 million. The firm’s 50 day moving average price is $8.55 and its 200 day moving average price is $9.16.
Fluidigm Corp. (NASDAQ:FLDM) last released its quarterly earnings results on Thursday, August 4th. The company reported ($0.64) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.58) by $0.06. The firm had revenue of $28.20 million for the quarter, compared to the consensus estimate of $29.62 million. Fluidigm Corp. had a negative net margin of 52.04% and a negative return on equity of 45.68%. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.53) earnings per share. Equities research analysts predict that Fluidigm Corp. will post ($2.32) EPS for the current fiscal year.
A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Fluidigm Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, September 14th. Cantor Fitzgerald lowered their price target on shares of Fluidigm Corp. from $13.00 to $11.00 and set a “buy” rating on the stock in a report on Friday, August 5th. Finally, Mizuho increased their price target on shares of Fluidigm Corp. from $11.00 to $12.00 and gave the stock a “buy” rating in a report on Friday, August 5th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Fluidigm Corp. currently has an average rating of “Buy” and a consensus price target of $13.76.
Fluidigm Corp. Company Profile
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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