Fluidigm Corp. (FLDM) Shares Up 1.8%
Shares of Fluidigm Corp. (NASDAQ:FLDM) shot up 1.8% during mid-day trading on Tuesday . The stock traded as high as $9.95 and last traded at $9.81, with a volume of 55,884 shares. The stock had previously closed at $9.64.
FLDM has been the topic of several analyst reports. Zacks Investment Research downgraded Fluidigm Corp. from a “buy” rating to a “hold” rating in a research report on Monday, July 11th. Cantor Fitzgerald reissued a “buy” rating and set a $13.00 target price on shares of Fluidigm Corp. in a research report on Thursday, June 2nd. Deutsche Bank AG initiated coverage on Fluidigm Corp. in a research report on Wednesday, June 1st. They set a “buy” rating on the stock. Mizuho cut their target price 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. Finally, Leerink Swann cut their target price 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. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $13.74.
The firm has a 50 day moving average of $9.77 and a 200 day moving average of $8.43. The stock’s market capitalization is $282.32 million.
Fluidigm Corp. (NASDAQ:FLDM) last released its earnings results on Thursday, May 5th. The company reported ($0.40) earnings per share for the quarter, beating the consensus estimate of ($0.53) by $0.13. The firm earned $29 million during the quarter, compared to analysts’ expectations of $26.95 million. The business’s revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the business earned ($0.25) EPS. On average, equities analysts predict that Fluidigm Corp. will post ($2.24) earnings per share for the current fiscal year.
Other institutional investors have recently added to or reduced their stakes in the company. Marshall Wace LLP purchased a new position in Fluidigm Corp. during the fourth quarter valued at $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 worth $6,187,000 after buying an additional 157,760 shares during the last quarter. Finally, Columbia Wanger Asset Management LLC bought a new position in shares of Fluidigm Corp. during the fourth quarter worth approximately $19,337,000.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.