Fidelity Management & Research Co has recently announced that it has increased stake in Seres Therapeutics Inc (NASDAQ:MCRB) by 0.24%. After grabbing 19.23 million shares, the institutional investor is now in possession of 45484.0 shares of the Healthcare Company. The new investment brought the stake of investor firm to 14.88% having worth around $26.92 million. Moreover, SSgA Funds Management, Inc. increased its share by 0.97 million to have a control over 9.54 million shares. And BlackRock Fund Advisors raised its holdings to 0.36 million shares by acquiring 7.06 million shares or 5.46% of the stake.
Seres Therapeutics Inc (MCRB) concluded trading on Wednesday at a closing price of $1.15, with 4.26 million shares of worth about $4.9 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -73.92% during that period and On Wednesday, January 24 the price saw a loss of about -4.96%. Currently the company’s common shares owned by public are about 125.22M shares, out of which, 97.45M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 19 times over the past 12 months. They bought 175,556 shares in 10 of the transactions. In 9 selling transactions, insiders dumped 41,807 shares.
Federated Hermes Kaufmann Fund, Fidelity Growth Company Fund, and Vanguard Total Stock Market ETF are the top 3 mutual funds which are holding stakes in Seres Therapeutics Inc Federated Hermes Kaufmann Fund is currently holding 8.76 million shares of worth totaling $12.26 million. The company recently came selling -2.31 million shares which brought its stake up to 6.77% of the company’s outstanding shares. Fidelity Growth Company Fund bought 56449.0 shares, after which its hold over company’s outstanding shares expand to 4.58%, leaving 5.92 million shares with the mutual fund that have a worth of about $8.29 million. Vanguard Total Stock Market ETF, after buying 2.97 million shares, have now control over 2.30% of the stake in the company. It holds 0.0 shares of worth $4.15 million.
However, the stock later moved at a day high price of 1.2100, or with a loss of -4.96%. Stock saw a price change of -10.85% in past 5 days and over the past one month there was a price change of 3.60%. Year-to-date (YTD), MCRB shares are showing a performance of -17.86% which decreased to -78.26% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.91 but also hit the highest price of $6.87 during that period. The average intraday trading volume for Seres Therapeutics Inc shares is 5.26 million. The stock is currently trading -12.75% below its 20-day simple moving average (SMA20), while that difference is down -3.01% for SMA50 and it goes to -65.29% lower than SMA200.
Fidelity Management & Research Co acquired 19.23 million shares of Seres Therapeutics Inc having value of about $26.92 million. Data submitted at the U.S SEC by Fidelity Management & Research Co revealed that the firm now holds 45484.0 shares in the company valued at close to $52306.6, or have control over 0.24% stake in the company. Seres Therapeutics Inc (NASDAQ: MCRB) currently have 125.22M outstanding shares and institutions hold larger chunk of about 65.32% of that. Holding of mutual funds in the company is about 28.78% while other institutional holders and individual stake holders have control over 36.60% and 17.76% of the stake respectively.
The stock has a current market capitalization of $148.65M and its 3Y-monthly beta is at 2.29. It has posted earnings per share of -$1.13 in the same period. It has Quick Ratio of 2.47. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for MCRB, volatility over the week remained 9.76% while standing at 12.60% over the month.
Analysts are in expectations that Seres Therapeutics Inc (MCRB) stock would likely to be making an EPS of -$0.5 in the current quarter, while forecast for next quarter EPS is -$0.37 and it is -$1.36 for next year. For the current quarter EPS, analysts have given the company a lowest target -$1 which is -$0.38 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.54 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 56.96% while it is estimated to decrease by -37.20% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Oppenheimer on June 26, 2023 offering an Outperform rating for the stock and assigned a target price of $12 to it.
