Fluidigm Corp. (FLDM) Trading Up 4.4%
Shares of Fluidigm Corp. (NASDAQ:FLDM) were up 4.4% on Thursday . The stock traded as high as $10.94 and last traded at $10.91, with a volume of 56,435 shares trading hands. The stock had previously closed at $10.45.
FLDM has been the topic of a number of research analyst reports. Leerink Swann decreased their price objective on shares of Fluidigm Corp. from $20.00 to $15.00 and set an “outperform” rating on the stock in a report on Tuesday, April 12th. Mizuho decreased their price objective 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 reissued a “buy” rating and set a $13.00 price objective on shares of Fluidigm Corp. in a report on Friday, May 6th. Zacks Investment Research downgraded shares of Fluidigm Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, May 11th. Finally, Deutsche Bank AG initiated coverage on shares of Fluidigm Corp. in a report on Wednesday, June 1st. They set a “buy” rating on the stock. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $13.74.
The firm’s 50-day moving average price is $9.72 and its 200-day moving average price is $8.53. The stock’s market capitalization is $309.78 million.
Fluidigm Corp. (NASDAQ:FLDM) last released its quarterly earnings data on Thursday, August 4th. The company reported ($0.63) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.58) by $0.05. The company had revenue of $28.20 million for the quarter, compared to analyst estimates of $29.62 million. During the same quarter in the previous year, the business posted ($0.53) earnings per share. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. On average, equities research analysts forecast that Fluidigm Corp. will post ($2.24) EPS for the current year.
A hedge fund recently bought a new stake 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 Securities and Exchange Commission (SEC). The firm acquired 96,680 shares of the company’s stock, valued at approximately $1,045,000. Marshall Wace LLP owned about 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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