Brokers Issue Forecasts for Seres Therapeutics Inc’s FY2017 Earnings (MCRB)

Seres Therapeutics Inc (NASDAQ:MCRB) – Cantor Fitzgerald issued their FY2017 earnings estimates for shares of Seres Therapeutics in a research report issued to clients and investors on Tuesday, Zacks Investment Research reports. Cantor Fitzgerald analyst W. Tanner expects that the biotechnology company will post earnings of ($2.75) per share for the year. Cantor Fitzgerald has a “Overweight” rating on the stock.

MCRB has been the topic of a number of other research reports. Zacks Investment Research downgraded Seres Therapeutics from a “hold” rating to a “sell” rating in a report on Thursday, February 2nd. Cowen and Company restated a “buy” rating on shares of Seres Therapeutics in a report on Wednesday, February 1st. FBR & Co dropped their price objective on Seres Therapeutics from $23.00 to $18.00 and set an “outperform” rating on the stock in a report on Wednesday, February 1st. Finally, Canaccord Genuity restated a “buy” rating and issued a $20.00 price objective on shares of Seres Therapeutics in a report on Tuesday, January 31st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $23.20.

Earnings History and Estimates for Seres Therapeutics (NASDAQ:MCRB)

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Shares of Seres Therapeutics (NASDAQ:MCRB) traded down 1.87% during midday trading on Thursday, hitting $9.46. 152,632 shares of the stock were exchanged. The stock’s 50-day moving average price is $10.48 and its 200 day moving average price is $10.53. The stock’s market cap is $381.88 million. Seres Therapeutics has a one year low of $8.05 and a one year high of $35.98.

Seres Therapeutics (NASDAQ:MCRB) last issued its quarterly earnings results on Thursday, March 16th. The biotechnology company reported ($0.63) EPS for the quarter, topping analysts’ consensus estimates of ($0.70) by $0.07. The firm had revenue of $3 million for the quarter, compared to analysts’ expectations of $3 million. The company’s revenue was up NaN% compared to the same quarter last year.

Institutional investors have recently made changes to their positions in the stock. Ellington Management Group LLC bought a new position in shares of Seres Therapeutics during the fourth quarter valued at approximately $107,000. Fox Run Management L.L.C. bought a new position in shares of Seres Therapeutics during the first quarter valued at approximately $136,000. Bank of Montreal Can increased its position in shares of Seres Therapeutics by 33.7% in the first quarter. Bank of Montreal Can now owns 19,144 shares of the biotechnology company’s stock valued at $216,000 after buying an additional 4,829 shares during the period. Trexquant Investment LP increased its position in shares of Seres Therapeutics by 147.5% in the fourth quarter. Trexquant Investment LP now owns 25,924 shares of the biotechnology company’s stock valued at $257,000 after buying an additional 15,450 shares during the period. Finally, Hillhouse Capital Management Ltd. bought a new position in shares of Seres Therapeutics during the third quarter valued at approximately $259,000. Institutional investors own 77.62% of the company’s stock.

About Seres Therapeutics

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.

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