Fluidigm Corp. (NASDAQ:FLDM) received a $9.00 price target from stock analysts at Cantor Fitzgerald in a report issued on Sunday. The brokerage presently has a “buy” rating on the stock. Cantor Fitzgerald’s target price indicates a potential upside of 49.50% from the stock’s previous close.
Several other analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of Fluidigm Corp. from a “hold” rating to a “sell” rating in a research note on Thursday, September 8th. Mizuho lifted their price objective on shares of Fluidigm Corp. from $11.00 to $12.00 and gave the stock a “buy” rating in a research note on Friday, August 5th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Fluidigm Corp. currently has an average rating of “Buy” and a consensus target price of $13.48.
Fluidigm Corp. (NASDAQ:FLDM) traded down 1.31% during mid-day trading on Friday, hitting $6.02. 124,245 shares of the stock traded hands. The company has a 50 day moving average price of $5.45 and a 200-day moving average price of $8.33. The stock’s market capitalization is $175.29 million. Fluidigm Corp. has a one year low of $4.31 and a one year high of $11.66.
Fluidigm Corp. (NASDAQ:FLDM) last issued its quarterly earnings data on Thursday, November 3rd. The company reported ($0.68) earnings per share for the quarter, missing the consensus estimate of ($0.67) by $0.01. Fluidigm Corp. had a negative return on equity of 59.15% and a negative net margin of 64.65%. The business earned $22.20 million during the quarter, compared to analyst estimates of $27.75 million. During the same quarter last year, the firm earned ($0.15) EPS. Fluidigm Corp.’s revenue for the quarter was down 22.4% compared to the same quarter last year. Equities analysts anticipate that Fluidigm Corp. will post ($2.59) earnings per share for the current fiscal year.
In other news, insider Levin Capital Strategies, L.P. bought 159,200 shares of the company’s stock in a transaction dated Monday, November 7th. The stock was bought at an average cost of $4.44 per share, for a total transaction of $706,848.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 4.50% of the stock is currently owned by insiders.
Institutional investors have recently added to or reduced their stakes in the company. Jennison Associates bought a new position in Fluidigm Corp. during the third quarter worth about $4,055,000. Mohican Financial Management boosted its position in Fluidigm Corp. by 16.5% in the fourth quarter. Mohican Financial Management now owns 5,300,000 shares of the company’s stock worth $3,279,000 after buying an additional 750,000 shares in the last quarter. Assetmark bought a new position in Fluidigm Corp. during the third quarter worth about $0. Acadian Asset Management bought a new position in Fluidigm Corp. during the fourth quarter worth about $968,000. Finally, Candriam Luxembourg S.C.A. boosted its position in Fluidigm Corp. by 38.6% in the fourth quarter. Candriam Luxembourg S.C.A. now owns 79,000 shares of the company’s stock worth $854,000 after buying an additional 22,000 shares in the last quarter. Institutional investors and hedge funds own 89.25% of the company’s stock.
Fluidigm Corp. Company Profile