Shares of Fluidigm Corp. (NASDAQ:FLDM) have earned an average recommendation of “Buy” from the eight brokerages that are presently covering the company. Three research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $13.87.
FLDM has been the topic of several recent analyst reports. Zacks Investment Research cut Fluidigm Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, September 8th. Mizuho increased their price objective on Fluidigm Corp. from $11.00 to $12.00 and gave the company a “buy” rating in a research report on Friday, August 5th. Deutsche Bank AG initiated coverage on Fluidigm Corp. in a research report on Wednesday, June 1st. They set a “buy” rating on the stock. Finally, Cantor Fitzgerald dropped their price objective on Fluidigm Corp. from $13.00 to $11.00 and set a “buy” rating on the stock in a research report on Friday, August 5th.
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. 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 valued at $3,447,000 after buying an additional 337,583 shares during the last quarter. Geode Capital Management LLC increased its position in Fluidigm Corp. by 8.9% in the first quarter. Geode Capital Management LLC now owns 200,570 shares of the company’s stock valued at $1,617,000 after buying an additional 16,415 shares during the period. Wellington Management Group LLP increased its position in Fluidigm Corp. by 28.6% in the first quarter. Wellington Management Group LLP now owns 961,070 shares of the company’s stock valued at $7,756,000 after buying an additional 213,670 shares during the period. Bogle Investment Management L P DE increased its position in 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 valued at $2,154,000 after buying an additional 2,710 shares during the period. Finally, Jacobs Levy Equity Management Inc. bought a new position in Fluidigm Corp. during the first quarter valued at approximately $371,000. 93.33% of the stock is currently owned by institutional investors and hedge funds.
Shares of Fluidigm Corp. (NASDAQ:FLDM) opened at 8.57 on Friday. Fluidigm Corp. has a 12 month low of $4.84 and a 12 month high of $12.09. The stock’s 50 day moving average price is $8.80 and its 200 day moving average price is $9.12. The company’s market capitalization is $248.84 million.
Fluidigm Corp. (NASDAQ:FLDM) last issued its quarterly earnings results on Thursday, August 4th. The company reported ($0.64) earnings per share for the quarter, missing the consensus estimate of ($0.58) by $0.06. Fluidigm Corp. had a negative net margin of 52.04% and a negative return on equity of 45.68%. The company had revenue of $28.20 million for the quarter, compared to the consensus estimate of $29.62 million. During the same quarter in the previous year, the business earned ($0.53) earnings per share. Fluidigm Corp.’s revenue was down 1.5% compared to the same quarter last year. On average, analysts forecast that Fluidigm Corp. will post ($2.32) EPS 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.
Receive News & Ratings for Fluidigm Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fluidigm Corp. and related companies with MarketBeat.com's FREE daily email newsletter.