The stock of Seres Therapeutics Inc (NASDAQ:MCRB) is a huge mover today! About 171,783 shares traded hands. Seres Therapeutics Inc (NASDAQ:MCRB) has declined 54.61% since March 9, 2016 and is downtrending. It has underperformed by 62.02% the S&P500.
The move comes after 9 months negative chart setup for the $427.79M company. It was reported on Oct, 12 by Barchart.com. We have $9.89 PT which if reached, will make NASDAQ:MCRB worth $42.78 million less.
Analysts await Seres Therapeutics Inc (NASDAQ:MCRB) to report earnings on November, 8. They expect $-0.51 earnings per share, down 34.21% or $0.13 from last year’s $-0.38 per share. After $-0.70 actual earnings per share reported by Seres Therapeutics Inc for the previous quarter, Wall Street now forecasts -27.14% EPS growth.
Seres Therapeutics Inc (NASDAQ:MCRB) Ratings Coverage
Out of 5 analysts covering Seres Therapeutics Inc (NASDAQ:MCRB), 5 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Seres Therapeutics Inc has been the topic of 12 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Bank of America upgraded Seres Therapeutics Inc (NASDAQ:MCRB) on Thursday, October 22 to “Buy” rating. The stock of Seres Therapeutics Inc (NASDAQ:MCRB) has “Outperform” rating given on Tuesday, July 21 by Leerink Swann. The company was initiated on Tuesday, July 21 by Bank of America. H.C. Wainwright initiated the shares of MCRB in a report on Friday, July 29 with “Buy” rating. The stock of Seres Therapeutics Inc (NASDAQ:MCRB) earned “Buy” rating by Canaccord Genuity on Wednesday, July 22. FBR Capital initiated Seres Therapeutics Inc (NASDAQ:MCRB) on Wednesday, March 30 with “Outperform” rating. As per Monday, January 25, the company rating was initiated by H.C. Wainwright. The rating was maintained by Canaccord Genuity with “Buy” on Tuesday, August 25. The stock of Seres Therapeutics Inc (NASDAQ:MCRB) earned “Outperform” rating by FBR Capital on Friday, August 12. As per Monday, June 6, the company rating was initiated by Cowen & Co.
According to Zacks Investment Research, “Seres Therapeutics, Inc. offers microbiome therapeutics platform. It is focused on developing Ecobiotic microbiome therapeutics that treats dysbiosis in the colonic microbiome. Seres Therapeutics, Inc. is headquartered in Cambridge, Massachusetts.”
More notable recent Seres Therapeutics Inc (NASDAQ:MCRB) news were published by: Fool.com which released: “Why Seres Therapeutics Inc. Is Being Obliterated Today” on July 29, 2016, also Finance.Yahoo.com with their article: “MCRB LOSS NOTICE: Rosen Law Firm Reminds Seres Therapeutics, Inc. Investors of …” published on October 11, 2016, Fool.com published: “Why Seres Therapeutics Inc. Shares Are Jumping Today” on August 12, 2016. More interesting news about Seres Therapeutics Inc (NASDAQ:MCRB) were released by: Businesswire.com and their article: “Robbins Arroyo LLP: Seres Therapeutics, Inc. (MCRB) Misled Shareholders …” published on October 07, 2016 as well as Marketwatch.com‘s news article titled: “Seres Therapeutics stock tanks 78% after ‘unexpected’ negative midstage trial …” with publication date: July 29, 2016.
MCRB Company Profile
Seres Therapeutics, Inc., incorporated on October 18, 2010, is a microbiome therapeutics platform company. The Firm is engaged in developing a class of biological drugs, which is referred as Ecobiotic microbiome therapeutics. The Company’s drugs are designed to restore health by repairing the function of a dysbiotic microbiome. The Firm is focused on implementing its microbiome therapeutics platform to develop Ecobiotic microbiome therapeutics that treats dysbiosis in the colonic microbiome. SER-109 is its lead product candidate, which is designed to prevent further recurrences of Clostridium difficile infection (CDI). The Firm is developing additional product candidates, including SER-262 to prevent an initial recurrence of primary CDI, SER-287 to treat inflammatory bowel disease (IBD), including ulcerative colitis, and SER-155 to treat enteric bacterial pathogens. The Firm is also conducting research on metabolic diseases, such as early-stage, non-insulin dependent diabetes; non-alcoholic steatohepatitis; obesity and metabolic syndrome; other inflammatory diseases, such as Crohn’s disease; cancer chemotherapy and immune suppression; rare genetic diseases, and immune-oncology related applications.
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