Fluidigm Corp. (FLDM) Trading Up 3%
Fluidigm Corp. (NASDAQ:FLDM) was up 3% during trading on Thursday . The company traded as high as $9.10 and last traded at $9.06, with a volume of 64,932 shares traded. The stock had previously closed at $8.80.
A number of equities research analysts recently commented on FLDM shares. Cantor Fitzgerald restated a “buy” rating and set a $13.00 price target on shares of Fluidigm Corp. in a research report on Friday, May 6th. Mizuho decreased their price objective on Fluidigm Corp. from $11.00 to $8.00 and set a “buy” rating on the stock in a research report on Thursday, May 5th. Zacks Investment Research upgraded Fluidigm Corp. from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a research report on Tuesday. Deutsche Bank AG initiated coverage on Fluidigm Corp. in a research report on Wednesday, June 1st. They issued a “buy” rating on the stock. Finally, Leerink Swann decreased their price objective on Fluidigm Corp. from $20.00 to $15.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 12th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $13.74.
The company has a 50 day moving average of $9.63 and a 200 day moving average of $8.50. The firm’s market cap is $262.96 million.
Fluidigm Corp. (NASDAQ:FLDM) last announced its quarterly earnings data on Thursday, May 5th. The company reported ($0.40) EPS for the quarter, beating the consensus estimate of ($0.53) by $0.13. The firm had revenue of $29 million for the quarter, compared to analyst estimates of $26.95 million. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.25) earnings per share. On average, analysts expect that Fluidigm Corp. will post ($2.23) earnings per share for the current fiscal year.
Several hedge funds and institutional investors recently made changes to their positions in FLDM. Marshall Wace LLP bought a new position in shares of Fluidigm Corp. during the fourth quarter valued at about $1,045,000. Neuberger Berman Group LLC increased its position in shares of Fluidigm Corp. by 38.1% in the fourth quarter. Neuberger Berman Group LLC now owns 572,319 shares of the company’s stock valued at $6,187,000 after buying an additional 157,760 shares during the period. Finally, Columbia Wanger Asset Management LLC bought a new position in shares of Fluidigm Corp. during the fourth quarter valued at about $19,337,000.
Fluidigm Corporation creates, manufactures and market 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 also offers instruments and consumables to academic institutions, clinical laboratories, pharmaceutical, biotechnology and agricultural biotechnology (Ag-Bio) companies.
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