$30.00 Million in Sales Expected for Cellectis S.A. (NASDAQ:CLLS) This Quarter

Wall Street analysts predict that Cellectis S.A. (NASDAQ:CLLS – Get Rating) will report $30.00 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Cellectis’ earnings, with the highest sales estimate coming in at $43.50 million and the lowest estimate coming in at $16.50 million. Cellectis posted sales of $14.62 million during the same quarter last year, which suggests a positive year over year growth rate of 105.2%. The firm is scheduled to announce its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Cellectis will report full year sales of $103.35 million for the current financial year, with estimates ranging from $62.00 million to $144.70 million. For the next year, analysts expect that the company will post sales of $120.60 million, with estimates ranging from $89.00 million to $152.20 million. Zacks’ sales calculations are an average based on a survey of research firms that cover Cellectis.

Cellectis (NASDAQ:CLLS – Get Rating) last announced its earnings results on Thursday, March 3rd. The biotechnology company reported ($0.55) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.05) by $0.50. The business had revenue of $13.66 million during the quarter, compared to analyst estimates of $12.30 million. Cellectis had a negative net margin of 312.64% and a negative return on equity of 53.48%. During the same period in the previous year, the business posted ($0.95) earnings per share.

CLLS has been the topic of several research reports. The Goldman Sachs Group dropped their price objective on shares of Cellectis from $3.00 to $2.00 and set a “sell” rating on the stock in a research note on Tuesday, May 24th. Robert W. Baird upgraded Cellectis from a “neutral” rating to an “outperform” rating and set a $10.00 price target on the stock in a research note on Wednesday, May 18th. They noted that the move was a valuation call. StockNews.com upgraded shares of Cellectis from a “sell” rating to a “hold” rating in a research report on Friday. Barclays cut their price objective on shares of Cellectis from $9.00 to $7.00 in a research report on Friday, May 13th. Finally, Zacks Investment Research downgraded Cellectis from a “buy” rating to a “hold” rating in a research report on Monday, May 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $15.25.

A number of institutional investors and hedge funds have recently made changes to their positions in CLLS. Long Focus Capital Management LLC purchased a new position in shares of Cellectis in the fourth quarter worth $9,390,000. Jane Street Group LLC increased its position in Cellectis by 166.5% during the first quarter. Jane Street Group LLC now owns 603,253 shares of the biotechnology company’s stock valued at $2,789,000 after acquiring an additional 376,862 shares during the last quarter. 683 Capital Management LLC grew its holdings in shares of Cellectis by 488.7% in the fourth quarter. 683 Capital Management LLC now owns 352,638 shares of the biotechnology company’s stock worth $2,863,000 after purchasing an additional 292,738 shares during the last quarter. Capital International Investors grew its holdings in shares of Cellectis by 18.9% in the fourth quarter. Capital International Investors now owns 1,592,054 shares of the biotechnology company’s stock worth $12,927,000 after purchasing an additional 252,718 shares during the last quarter. Finally, Legal & General Group Plc grew its holdings in Cellectis by 55.5% during the 4th quarter. Legal & General Group Plc now owns 337,201 shares of the biotechnology company’s stock worth $2,738,000 after acquiring an additional 120,369 shares in the last quarter. 40.55% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ CLLS opened at $3.98 on Friday. Cellectis has a 52 week low of $2.85 and a 52 week high of $16.53. The company has a quick ratio of 3.73, a current ratio of 3.73 and a debt-to-equity ratio of 0.09. The firm’s fifty day moving average is $3.94 and its 200 day moving average is $5.86. The company has a market cap of $181.13 million, a price-to-earnings ratio of -1.35 and a beta of 2.24.

Cellectis Company Profile (Get Rating)

Cellectis SA, a clinical stage biotechnological company, develops immuno-oncology products based on gene-edited T-cells that express chimeric antigen receptors to target and eradicate cancer cells. It operates through two segments, Therapeutics and Plants. The company is developing UCART19, an allogeneic T-cell product candidate for the treatment of CD19-expressing hematologic malignancies, such as acute lymphoblastic leukemia; ALLO-501 and ALLO-501A to treat relapsed/refractory diffuse large B-cell lymphoma and follicular lymphoma; ALLO-316 for the treatment of Renal Cell Carcinoma; UCART123 for the treatment of acute myeloid leukemia; and UCART22 to treat B-cell acute lymphoblastic leukemia.

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