Seres Therapeutics (MCRB) Announces Quarterly Earnings Results, Beats Expectations By $0.03 EPS

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Seres Therapeutics (NASDAQ:MCRB) announced its quarterly earnings results on Thursday. The biotechnology company reported ($0.54) earnings per share for the quarter, topping the consensus estimate of ($0.57) by $0.03, Fidelity Earnings reports. Seres Therapeutics had a negative net margin of 264.31% and a negative return on equity of 256.24%. The company had revenue of $9.06 million for the quarter, compared to analysts’ expectations of $23.43 million.

Shares of MCRB traded down $0.48 during mid-day trading on Friday, hitting $8.40. 155,488 shares of the company traded hands, compared to its average volume of 100,299. Seres Therapeutics has a 1-year low of $5.64 and a 1-year high of $11.35. The company has a quick ratio of 2.76, a current ratio of 2.76 and a debt-to-equity ratio of 0.85. The company has a market cap of $330.04 million, a P/E ratio of -3.80 and a beta of 0.61.

A number of brokerages have recently issued reports on MCRB. Cantor Fitzgerald set a $15.00 target price on shares of Seres Therapeutics and gave the company a “buy” rating in a research note on Thursday. ValuEngine raised shares of Seres Therapeutics from a “hold” rating to a “buy” rating in a research note on Tuesday. Chardan Capital reissued a “buy” rating on shares of Seres Therapeutics in a research report on Sunday, October 28th. Oppenheimer set a $16.00 price target on shares of Seres Therapeutics and gave the company a “buy” rating in a research report on Friday. Finally, Zacks Investment Research upgraded shares of Seres Therapeutics from a “sell” rating to a “hold” rating in a report on Wednesday, August 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $13.81.

In related news, insider John G. Aunins sold 42,837 shares of the stock in a transaction that occurred on Monday, September 17th. The shares were sold at an average price of $7.64, for a total value of $327,274.68. Following the transaction, the insider now owns 146,648 shares in the company, valued at approximately $1,120,390.72. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider John G. Aunins sold 14,279 shares of the stock in a transaction that occurred on Monday, October 15th. The stock was sold at an average price of $5.94, for a total transaction of $84,817.26. Following the completion of the transaction, the insider now owns 103,811 shares in the company, valued at approximately $616,637.34. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 69,634 shares of company stock worth $526,006. Corporate insiders own 37.10% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. FMR LLC increased its holdings in Seres Therapeutics by 0.4% in the 3rd quarter. FMR LLC now owns 6,119,349 shares of the biotechnology company’s stock worth $46,446,000 after buying an additional 23,749 shares during the period. BlackRock Inc. increased its holdings in Seres Therapeutics by 1.8% in the 3rd quarter. BlackRock Inc. now owns 2,281,563 shares of the biotechnology company’s stock worth $17,318,000 after buying an additional 40,719 shares during the period. ARK Investment Management LLC increased its holdings in Seres Therapeutics by 23.7% in the 3rd quarter. ARK Investment Management LLC now owns 4,040,735 shares of the biotechnology company’s stock worth $30,669,000 after buying an additional 774,307 shares during the period. JPMorgan Chase & Co. increased its holdings in Seres Therapeutics by 6.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 421,494 shares of the biotechnology company’s stock worth $3,199,000 after buying an additional 25,287 shares during the period. Finally, Northern Trust Corp increased its holdings in Seres Therapeutics by 6.0% in the 2nd quarter. Northern Trust Corp now owns 246,310 shares of the biotechnology company’s stock worth $2,118,000 after buying an additional 14,021 shares during the period. Institutional investors own 77.92% of the company’s stock.

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About Seres Therapeutics

Seres Therapeutics, Inc, a microbiome therapeutics platform company, engages in developing biological drugs designed to restore health by repairing the function of a dysbiotic microbiome. Its lead product candidate is SER-109, a bacterial spore ecology, which is in Phase III clinical study to treat multiply recurrent Clostridium difficile infection (CDI).

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Earnings History for Seres Therapeutics (NASDAQ:MCRB)

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