Seres Therapeutics, Inc. Expected to Post Q1 2023 Earnings of ($0.48) Per Share (NASDAQ:MCRB)

Seres Therapeutics, Inc. (NASDAQ:MCRB – Get Rating) – Equities researchers at Jefferies Financial Group issued their Q1 2023 earnings per share estimates for Seres Therapeutics in a research note issued to investors on Tuesday, March 7th. Jefferies Financial Group analyst C. Howerton anticipates that the biotechnology company will post earnings per share of ($0.48) for the quarter. The consensus estimate for Seres Therapeutics’ current full-year earnings is ($0.98) per share. Jefferies Financial Group also issued estimates for Seres Therapeutics’ Q3 2023 earnings at ($0.14) EPS, Q4 2023 earnings at ($0.10) EPS, FY2023 earnings at ($0.88) EPS, FY2024 earnings at ($1.19) EPS and FY2025 earnings at ($0.42) EPS.

Several other equities analysts have also issued reports on the company. HC Wainwright reiterated a “buy” rating and issued a $25.00 target price on shares of Seres Therapeutics in a research note on Wednesday. Piper Sandler lifted their target price on Seres Therapeutics from $9.00 to $13.00 in a research note on Thursday, December 8th. Canaccord Genuity Group cut their target price on Seres Therapeutics from $17.00 to $11.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, Chardan Capital reiterated a “buy” rating and issued a $12.00 target price on shares of Seres Therapeutics in a research note on Wednesday. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Seres Therapeutics presently has a consensus rating of “Moderate Buy” and an average price target of $15.25.

Seres Therapeutics Price Performance

MCRB opened at $5.26 on Friday. The business’s 50-day moving average is $5.35 and its two-hundred day moving average is $6.09. Seres Therapeutics has a 1 year low of $2.50 and a 1 year high of $9.49. The company has a debt-to-equity ratio of 4.69, a current ratio of 2.28 and a quick ratio of 3.03. The firm has a market capitalization of $663.18 million, a PE ratio of -2.25 and a beta of 2.70.

Institutional Trading of Seres Therapeutics

A number of institutional investors and hedge funds have recently made changes to their positions in MCRB. Flagship Pioneering Inc. lifted its stake in Seres Therapeutics by 60.8% during the 3rd quarter. Flagship Pioneering Inc. now owns 23,117,045 shares of the biotechnology company’s stock worth $148,411,000 after acquiring an additional 8,738,243 shares in the last quarter. FMR LLC lifted its position in Seres Therapeutics by 34.0% during the 2nd quarter. FMR LLC now owns 18,601,212 shares of the biotechnology company’s stock worth $63,802,000 after acquiring an additional 4,723,347 shares during the period. Federated Hermes Inc. lifted its holdings in shares of Seres Therapeutics by 2.9% in the 3rd quarter. Federated Hermes Inc. now owns 18,499,136 shares of the biotechnology company’s stock valued at $118,765,000 after buying an additional 516,880 shares during the period. Vanguard Group Inc. increased its stake in Seres Therapeutics by 24.0% in the 3rd quarter. Vanguard Group Inc. now owns 6,610,856 shares of the biotechnology company’s stock valued at $42,442,000 after purchasing an additional 1,280,039 shares in the last quarter. Finally, BlackRock Inc. increased its stake in Seres Therapeutics by 9.4% in the 3rd quarter. BlackRock Inc. now owns 6,300,350 shares of the biotechnology company’s stock valued at $40,450,000 after purchasing an additional 539,617 shares in the last quarter. 90.16% of the stock is currently owned by hedge funds and other institutional investors.

About Seres Therapeutics

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Seres Therapeutics, Inc engages in the development of biological drugs through microbiome therapeutics platform. Its product pipeline includes SER-109, SER-287, SER-301, and SER-401. The company was founded by Geoffrey von Maltzahn, David A. Berry, and Noubar B. Afeyan on October 18, 2010 and is headquartered in Cambridge, MA.