Fluidigm Corp. (FLDM) Trading 1.8% Higher
Fluidigm Corp. (NASDAQ:FLDM)’s share price traded up 1.8% on Tuesday . The stock traded as high as $9.95 and last traded at $9.81, with a volume of 55,884 shares trading hands. The stock had previously closed at $9.64.
Several equities analysts have recently weighed in on the stock. Deutsche Bank AG assumed coverage on shares of Fluidigm Corp. in a research report on Wednesday, June 1st. They issued a “buy” rating on the stock. Leerink Swann dropped their price objective on shares of Fluidigm Corp. from $20.00 to $15.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 12th. Cantor Fitzgerald reissued a “buy” rating and issued a $13.00 price objective on shares of Fluidigm Corp. in a research report on Thursday, June 2nd. Zacks Investment Research lowered shares of Fluidigm Corp. from a “buy” rating to a “hold” rating in a research report on Monday, July 11th. Finally, Mizuho dropped their price objective on shares of Fluidigm Corp. from $11.00 to $8.00 and set a “buy” rating on the stock in a research report on Thursday, May 5th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $13.74.
The firm’s market cap is $292.15 million. The company has a 50-day moving average price of $9.78 and a 200-day moving average price of $8.45.
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 Zacks’ consensus estimate of ($0.53) by $0.13. The business had revenue of $29 million for the quarter, compared to the consensus estimate of $26.95 million. During the same quarter last year, the firm posted ($0.25) EPS. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, equities research analysts anticipate that Fluidigm Corp. will post ($2.24) EPS for the current year.
An institutional investor recently bought a new position in Fluidigm Corp. stock. Marshall Wace LLP acquired a new position in Fluidigm Corp. (NASDAQ:FLDM) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 96,680 shares of the company’s stock, valued at approximately $1,045,000. Marshall Wace LLP owned 0.34% of Fluidigm Corp. as of its most recent SEC filing.
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.
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