Shares of Centogene (NASDAQ:CNTG) have been assigned a consensus rating of “Buy” from the six ratings firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $20.40.
Several analysts recently issued reports on the company. Robert W. Baird reiterated a “buy” rating and issued a $19.00 price target on shares of Centogene in a report on Sunday, April 18th. SVB Leerink reiterated a “buy” rating and issued a $24.00 price target on shares of Centogene in a report on Sunday, June 27th. Credit Suisse Group decreased their price objective on shares of Centogene from $15.00 to $14.00 and set an “outperform” rating for the company in a research report on Thursday, June 17th. BTIG Research reissued a “buy” rating and issued a $23.00 price objective on shares of Centogene in a research report on Sunday, June 20th. Finally, Zacks Investment Research cut shares of Centogene from a “hold” rating to a “sell” rating in a research report on Friday, June 25th.
A number of hedge funds and other institutional investors have recently modified their holdings of CNTG. Millennium Management LLC lifted its holdings in Centogene by 204.6% in the first quarter. Millennium Management LLC now owns 301,406 shares of the company’s stock worth $3,656,000 after acquiring an additional 202,441 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Centogene in the first quarter valued at approximately $579,000. Platinum Investment Management Ltd. increased its stake in shares of Centogene by 8.6% in the first quarter. Platinum Investment Management Ltd. now owns 444,595 shares of the company’s stock valued at $5,393,000 after purchasing an additional 35,207 shares during the period. Nuveen Asset Management LLC acquired a new stake in shares of Centogene in the fourth quarter valued at approximately $226,000. Finally, JPMorgan Chase & Co. increased its stake in shares of Centogene by 258.9% in the fourth quarter. JPMorgan Chase & Co. now owns 21,845 shares of the company’s stock valued at $236,000 after purchasing an additional 15,758 shares during the period. 12.24% of the stock is currently owned by hedge funds and other institutional investors.
Centogene (NASDAQ:CNTG) last released its quarterly earnings data on Tuesday, June 15th. The company reported ($0.22) EPS for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.08. The business had revenue of $78.31 million during the quarter, compared to the consensus estimate of $59.28 million. Centogene had a negative return on equity of 29.84% and a negative net margin of 9.23%. On average, equities research analysts expect that Centogene will post -1.3 earnings per share for the current fiscal year.
Centogene Company Profile
Centogene N.V., together with its subsidiaries, focuses on rare diseases that transforms real-world clinical and genetic, or other data into actionable information for patients, physicians, and pharmaceutical companies worldwide. The company develops rare disease platform, a data repository, which includes epidemiologic, phenotypic, and heterogenetic data that enhances methods for identifying and monitoring rare hereditary diseases and provide solutions that accelerate the development of orphan drugs.
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