Fate Therapeutics, Inc. (NASDAQ:FATE) has received a consensus recommendation of “Buy” from the six ratings firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $7.00.

A number of research firms have issued reports on FATE. Wedbush reissued an “outperform” rating and set a $7.00 target price on shares of Fate Therapeutics in a research note on Tuesday, May 16th. ValuEngine lowered shares of Fate Therapeutics from a “hold” rating to a “sell” rating in a research note on Monday.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Creative Planning raised its position in Fate Therapeutics by 35.3% in the first quarter. Creative Planning now owns 23,000 shares of the biopharmaceutical company’s stock worth $105,000 after buying an additional 6,000 shares during the last quarter. KCG Holdings Inc. raised its position in Fate Therapeutics by 7.8% in the first quarter. KCG Holdings Inc. now owns 24,480 shares of the biopharmaceutical company’s stock worth $111,000 after buying an additional 1,764 shares during the last quarter. Rhumbline Advisers purchased a new position in Fate Therapeutics during the second quarter worth about $133,000. Driehaus Capital Management LLC purchased a new position in Fate Therapeutics during the first quarter worth about $145,000. Finally, Hillsdale Investment Management Inc. purchased a new position in Fate Therapeutics during the first quarter worth about $160,000. 60.74% of the stock is owned by hedge funds and other institutional investors.

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Fate Therapeutics (FATE) traded down 4.76% on Monday, reaching $2.80. 112,488 shares of the company traded hands. Fate Therapeutics has a 12 month low of $1.80 and a 12 month high of $5.68. The company has a 50-day moving average price of $3.11 and a 200-day moving average price of $3.70. The company’s market capitalization is $115.92 million.

Fate Therapeutics (NASDAQ:FATE) last posted its quarterly earnings results on Monday, May 15th. The biopharmaceutical company reported ($0.24) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.21) by $0.03. The business had revenue of $1.03 million during the quarter, compared to analyst estimates of $1.04 million. Fate Therapeutics had a negative net margin of 857.34% and a negative return on equity of 75.93%. Equities research analysts expect that Fate Therapeutics will post ($1.00) EPS for the current year.

Fate Therapeutics Company Profile

Fate Therapeutics, Inc (Fate Therapeutics) is a clinical-stage biopharmaceutical company. The Company is engaged in development of programmed cellular immunotherapies for cancer and immune disorders. The Company’s cell therapy pipeline consists of immuno-oncology programs, including cancer immunotherapies derived from engineered induced pluripotent cells, and immuno-regulatory programs, including hematopoietic cell immunotherapies for protecting the immune system of patients undergoing hematopoietic cell transplantation and for suppressing autoimmunity.

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