SG Americas Securities LLC Makes New $80,000 Investment in Singular Genomics Systems, Inc. (NASDAQ:OMIC)

SG Americas Securities LLC purchased a new position in Singular Genomics Systems, Inc. (NASDAQ:OMICGet Rating) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 20,921 shares of the company’s stock, valued at approximately $80,000.

Several other hedge funds have also recently modified their holdings of the business. UBS Group AG lifted its position in shares of Singular Genomics Systems by 4,016.9% in the 1st quarter. UBS Group AG now owns 4,565,720 shares of the company’s stock worth $28,810,000 after purchasing an additional 4,454,819 shares during the period. BlackRock Inc. lifted its position in shares of Singular Genomics Systems by 150.5% in the 1st quarter. BlackRock Inc. now owns 2,830,677 shares of the company’s stock worth $17,862,000 after purchasing an additional 1,700,829 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Singular Genomics Systems by 21.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,086,255 shares of the company’s stock worth $6,854,000 after purchasing an additional 191,784 shares during the period. Tikvah Management LLC purchased a new stake in Singular Genomics Systems during the first quarter valued at approximately $4,465,000. Finally, State Street Corp lifted its position in Singular Genomics Systems by 163.7% during the first quarter. State Street Corp now owns 515,049 shares of the company’s stock valued at $3,250,000 after acquiring an additional 319,753 shares during the last quarter. Hedge funds and other institutional investors own 54.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on OMIC shares. The Goldman Sachs Group decreased their target price on shares of Singular Genomics Systems from $3.50 to $3.00 and set a “neutral” rating for the company in a research report on Tuesday, November 8th. Bank of America cut shares of Singular Genomics Systems from a “buy” rating to an “underperform” rating and set a $3.00 target price for the company. in a research report on Wednesday, August 10th. Finally, UBS Group cut shares of Singular Genomics Systems from a “buy” rating to a “neutral” rating and decreased their target price for the company from $10.00 to $4.50 in a research report on Wednesday, August 17th.

Singular Genomics Systems Trading Down 3.7 %

NASDAQ OMIC opened at $2.10 on Friday. The company has a fifty day simple moving average of $2.60 and a two-hundred day simple moving average of $3.18. The stock has a market cap of $149.93 million, a P/E ratio of -1.74 and a beta of 1.17. Singular Genomics Systems, Inc. has a 12-month low of $1.93 and a 12-month high of $16.39. The company has a current ratio of 20.18, a quick ratio of 19.00 and a debt-to-equity ratio of 0.04.

Singular Genomics Systems Profile

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Singular Genomics Systems, Inc, a life science technology company, develops next generation sequencing and multiomics technology to build products for researchers and clinicians to advance science and medicine. The company manufactures G4 Instrument, a benchtop next generation sequencer to produce genetic sequencing results, as well as associated menu of consumable kits.

See Also

Institutional Ownership by Quarter for Singular Genomics Systems (NASDAQ:OMIC)

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