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

Seres Therapeutics (NASDAQ:MCRB) released its earnings results on Thursday. The biotechnology company reported ($0.54) earnings per share for the quarter, topping the Zacks’ 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 firm had revenue of $9.06 million for the quarter, compared to analyst estimates of $23.43 million.

Seres Therapeutics stock traded down $0.48 during mid-day trading on Friday, hitting $8.40. The company had a trading volume of 155,488 shares, compared to its average volume of 100,299. The firm has a market capitalization of $330.04 million, a P/E ratio of -3.80 and a beta of 0.61. 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.

A number of research firms recently weighed in on MCRB. Oppenheimer set a $16.00 target price on shares of Seres Therapeutics and gave the stock a “buy” rating in a research note on Friday. Chardan Capital restated a “buy” rating on shares of Seres Therapeutics in a research note on Sunday, October 28th. BidaskClub lowered shares of Seres Therapeutics from a “hold” rating to a “sell” rating in a research note on Wednesday, July 25th. ValuEngine lowered shares of Seres Therapeutics from a “sell” rating to a “strong sell” rating in a research note on Monday, July 30th. Finally, Cantor Fitzgerald set a $15.00 price target on shares of Seres Therapeutics and gave the company a “buy” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $13.81.

In other Seres Therapeutics news, insider John G. Aunins sold 14,279 shares of the stock in a transaction that occurred on Monday, October 15th. The shares were sold at an average price of $5.94, for a total value of $84,817.26. Following the transaction, the insider now directly owns 103,811 shares in the company, valued at $616,637.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Roger Pomerantz sold 12,518 shares of the stock in a transaction that occurred on Thursday, September 6th. The shares were sold at an average price of $9.10, for a total transaction of $113,913.80. Following the completion of the transaction, the insider now owns 218,799 shares in the company, valued at $1,991,070.90. The disclosure for this sale can be found here. Insiders sold 69,634 shares of company stock worth $526,006 over the last quarter. 37.10% of the stock is currently owned by insiders.

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

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Seres Therapeutics Company Profile

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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