Fluidigm Corp. (FLDM) Sees Large Volume Increase
Fluidigm Corp. (NASDAQ:FLDM) shares saw unusually-strong trading volume on Monday . Approximately 114,835 shares traded hands during mid-day trading, a decline of 7% from the previous session’s volume of 123,319 shares.The stock last traded at $9.63 and had previously closed at $9.69.
Several analysts recently issued reports on FLDM shares. Leerink Swann reaffirmed an “outperform” rating and issued a $20.00 price target on shares of Fluidigm Corp. in a report on Friday, April 1st. Mizuho cut their price target on shares of Fluidigm Corp. from $11.00 to $8.00 and set a “buy” rating on the stock in a report on Thursday, May 5th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $13.00 price target on shares of Fluidigm Corp. in a report on Friday, May 6th. Zacks Investment Research cut shares of Fluidigm Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, May 11th. Finally, Deutsche Bank AG started coverage on shares of Fluidigm Corp. in a report on Wednesday, June 1st. They issued a “buy” rating on the stock. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $13.74.
The company has a 50-day moving average of $9.78 and a 200-day moving average of $8.44. The stock’s market capitalization is $288.39 million.
Fluidigm Corp. (NASDAQ:FLDM) last announced its quarterly earnings results on Thursday, May 5th. The company reported ($0.40) EPS for the quarter, beating the consensus estimate of ($0.53) by $0.13. The company had revenue of $29 million for the quarter, compared to analyst estimates of $26.95 million. During the same quarter last year, the business earned ($0.25) EPS. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. Equities research analysts expect that Fluidigm Corp. will post ($2.24) EPS for the current fiscal year.
Other institutional investors recently made changes to their positions in the company. Marshall Wace LLP bought a new position in shares of Fluidigm Corp. during the fourth quarter valued at approximately $1,045,000. Neuberger Berman Group LLC increased its stake 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 last quarter. Finally, Columbia Wanger Asset Management LLC bought a new stake in shares of Fluidigm Corp. during the fourth quarter valued at about $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.