Fate Therapeutics Inc (NASDAQ:FATE) was the target of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 2,301,328 shares, a growth of 28.7% from the February 15th total of 1,787,969 shares. Currently, 12.1% of the shares of the stock are short sold. Based on an average daily volume of 1,043,005 shares, the short-interest ratio is currently 2.2 days.

Fate Therapeutics (FATE) opened at $11.73 on Thursday. The company has a debt-to-equity ratio of 0.19, a current ratio of 9.29 and a quick ratio of 9.29. Fate Therapeutics has a 1-year low of $2.52 and a 1-year high of $14.45. The company has a market cap of $598.02, a PE ratio of -11.50 and a beta of 1.65.

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Fate Therapeutics (NASDAQ:FATE) last announced its quarterly earnings results on Monday, March 5th. The biopharmaceutical company reported ($0.29) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.24) by ($0.05). Fate Therapeutics had a negative net margin of 1,046.08% and a negative return on equity of 71.00%. The business had revenue of $1.03 million during the quarter, compared to the consensus estimate of $1.02 million. The firm’s revenue for the quarter was up .0% on a year-over-year basis. research analysts expect that Fate Therapeutics will post -0.91 earnings per share for the current year.

Large investors have recently made changes to their positions in the stock. Northern Trust Corp lifted its holdings in shares of Fate Therapeutics by 968.7% in the 2nd quarter. Northern Trust Corp now owns 368,208 shares of the biopharmaceutical company’s stock valued at $1,193,000 after acquiring an additional 333,753 shares during the last quarter. Monashee Investment Management LLC bought a new stake in Fate Therapeutics in the fourth quarter worth about $1,833,000. TIAA CREF Investment Management LLC bought a new stake in Fate Therapeutics in the second quarter worth about $373,000. Vanguard Group Inc. lifted its stake in Fate Therapeutics by 9.4% in the second quarter. Vanguard Group Inc. now owns 1,264,281 shares of the biopharmaceutical company’s stock worth $4,096,000 after purchasing an additional 108,602 shares during the last quarter. Finally, Neuberger Berman Group LLC lifted its stake in Fate Therapeutics by 167.6% in the third quarter. Neuberger Berman Group LLC now owns 133,000 shares of the biopharmaceutical company’s stock worth $527,000 after purchasing an additional 83,300 shares during the last quarter. 66.43% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have commented on FATE shares. Zacks Investment Research raised shares of Fate Therapeutics from a “hold” rating to a “buy” rating and set a $8.00 price objective for the company in a report on Friday, January 19th. HC Wainwright reaffirmed a “buy” rating and issued a $7.00 price target on shares of Fate Therapeutics in a report on Wednesday, December 13th. Raymond James Financial reaffirmed a “buy” rating on shares of Fate Therapeutics in a report on Tuesday, December 12th. ValuEngine raised shares of Fate Therapeutics from a “sell” rating to a “hold” rating in a report on Sunday, December 31st. Finally, UBS Group downgraded shares of Fate Therapeutics from an “outperform” rating to a “market perform” rating in a report on Tuesday, March 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company. Fate Therapeutics has an average rating of “Buy” and an average price target of $13.00.

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About Fate Therapeutics

Fate Therapeutics, Inc (Fate Therapeutics) is a clinical-stage biopharmaceutical company. The Company is engaged in development of programmed cellular immunotherapies for cancer and immune disorders. The Company’s cell therapy pipeline consists of immuno-oncology programs, including cancer immunotherapies derived from engineered induced pluripotent cells, and immuno-regulatory programs, including hematopoietic cell immunotherapies for protecting the immune system of patients undergoing hematopoietic cell transplantation and for suppressing autoimmunity.

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