Fluidigm Corp. (FLDM) Trading Up 2.7%
Fluidigm Corp. (NASDAQ:FLDM) shares were up 2.7% during mid-day trading on Tuesday . The stock traded as high as $8.77 and last traded at $8.35, with a volume of 111,781 shares. The stock had previously closed at $8.13.
Several research analysts recently issued reports on FLDM shares. Zacks Investment Research lowered shares of Fluidigm Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, September 8th. Mizuho upped 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. Deutsche Bank AG initiated coverage on shares of Fluidigm Corp. in a research note on Wednesday, June 1st. They set a “buy” rating on the stock. Finally, Cantor Fitzgerald decreased their price objective on shares of Fluidigm Corp. from $13.00 to $11.00 and set a “buy” rating on the stock in a research note 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. The company has a consensus rating of “Buy” and an average price target of $13.67.
The company’s 50 day moving average is $8.98 and its 200-day moving average is $9.12. The company’s market cap is $242.45 million.
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Fluidigm Corp. (NASDAQ:FLDM) last announced its earnings results on Thursday, August 4th. The company reported ($0.64) EPS for the quarter, missing the consensus estimate of ($0.58) by $0.06. The company had revenue of $28.20 million for the quarter, compared to the consensus estimate of $29.62 million. Fluidigm Corp. had a negative return on equity of 45.68% and a negative net margin of 52.04%. The business’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.53) EPS. Equities analysts anticipate that Fluidigm Corp. will post ($2.32) EPS for the current fiscal year.
Several hedge funds have recently made changes to their positions in the company. Levin Capital Strategies L.P. increased its stake in shares of Fluidigm Corp. by 72.0% in the second quarter. Levin Capital Strategies L.P. now owns 3,595,575 shares of the company’s stock valued at $32,468,000 after buying an additional 1,505,320 shares during the last quarter. Emerald Acquisition Ltd. acquired a new stake in shares of Fluidigm Corp. during the second quarter valued at $13,020,000. Acadian Asset Management LLC boosted its stake 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 period. Wellington Management Group LLP boosted its stake in shares of 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. Finally, Ghost Tree Capital LLC acquired a new stake in shares of Fluidigm Corp. during the second quarter valued at $1,355,000. 93.33% of the stock is owned by institutional investors and hedge funds.
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.
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