Fate Therapeutics, Inc. (NASDAQ:FATE)‘s stock had its “outperform” rating reiterated by stock analysts at Leerink Swann in a research note issued on Friday, Marketbeat.com reports. They currently have a $7.00 price target on the biopharmaceutical company’s stock. Leerink Swann’s price objective would indicate a potential upside of 69.90% from the company’s previous close.

A number of other research firms also recently weighed in on FATE. Wedbush reissued an “outperform” rating and set a $7.00 target price on shares of Fate Therapeutics in a research report on Tuesday, May 16th. Zacks Investment Research downgraded Fate Therapeutics from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, ValuEngine raised Fate Therapeutics from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $6.42.

Shares of Fate Therapeutics (NASDAQ FATE) traded down 1.67% during mid-day trading on Friday, reaching $4.12. The company’s stock had a trading volume of 291,230 shares. The stock’s market capitalization is $170.63 million. The company has a 50 day moving average price of $3.14 and a 200 day moving average price of $3.74. Fate Therapeutics has a 12 month low of $1.80 and a 12 month high of $5.68.

Fate Therapeutics (NASDAQ:FATE) last released its earnings results on Monday, August 14th. The biopharmaceutical company reported ($0.23) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.01. Fate Therapeutics had a negative return on equity of 67.01% and a negative net margin of 887.68%. The business had revenue of $1.03 million for the quarter, compared to the consensus estimate of $1.02 million. On average, equities research analysts anticipate that Fate Therapeutics will post ($0.96) earnings per share for the current fiscal year.

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A number of institutional investors and hedge funds have recently made changes to their positions in the business. EcoR1 Capital LLC bought a new position in Fate Therapeutics during the first quarter worth about $11,543,000. Vanguard Group Inc. lifted its stake in Fate Therapeutics by 9.4% during the second quarter. Vanguard Group Inc. now owns 1,264,281 shares of the biopharmaceutical company’s stock worth $4,096,000 after purchasing an additional 108,602 shares during the period. Morgan Stanley lifted its stake in Fate Therapeutics by 9.8% during the first quarter. Morgan Stanley now owns 611,646 shares of the biopharmaceutical company’s stock worth $2,783,000 after purchasing an additional 54,615 shares during the period. State Street Corp bought a new position in Fate Therapeutics during the second quarter worth about $1,437,000. Finally, Northern Trust Corp lifted its stake in Fate Therapeutics by 968.7% during the second quarter. Northern Trust Corp now owns 368,208 shares of the biopharmaceutical company’s stock worth $1,193,000 after purchasing an additional 333,753 shares during the period. Hedge funds and other institutional investors own 64.27% of the company’s stock.

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.

Analyst Recommendations for Fate Therapeutics (NASDAQ:FATE)

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