SBI Securities Co. Ltd. Has $39,000 Stake in Seres Therapeutics, Inc. $MCRB
SBI Securities Co. Ltd. reduced its stake in Seres Therapeutics, Inc. by 95% in Q2, now holding 3,482 shares worth $39,000. Goldman Sachs increased its stake by 40.9% in Q1, owning 74,629 shares valued at $52,000. Seres Therapeutics' stock rose 14.2%, with a market cap of $223.63 million. Analysts have mixed ratings, with a consensus target price of $14.33.
SBI Securities Co. Ltd. trimmed its position in shares of Seres Therapeutics, Inc. (NASDAQ:MCRB - Free Report) by 95.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,482 shares of the biotechnology company's stock after selling 66,182 shares during the period. SBI Securities Co. Ltd.'s holdings in Seres Therapeutics were worth $39,000 as of its most recent SEC filing.
Separately, Goldman Sachs Group Inc. boosted its stake in Seres Therapeutics by 40.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 74,629 shares of the biotechnology company's stock valued at $52,000 after purchasing an additional 21,679 shares during the period. 59.34% of the stock is currently owned by institutional investors.
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Seres Therapeutics Trading Up 14.2%
MCRB opened at $24.71 on Wednesday. The stock's 50 day simple moving average is $17.86 and its 200-day simple moving average is $14.08. The stock has a market cap of $223.63 million, a PE ratio of -5.48 and a beta of 0.19. Seres Therapeutics, Inc. has a 1 year low of $6.53 and a 1 year high of $25.85.
Analysts Set New Price Targets
MCRB has been the subject of a number of research analyst reports. Canaccord Genuity Group upped their price target on Seres Therapeutics from $14.00 to $22.00 and gave the stock a "buy" rating in a report on Wednesday, September 24th. Weiss Ratings reiterated a "sell (d)" rating on shares of Seres Therapeutics in a research note on Monday. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Reduce" and a consensus target price of $14.33.
Read Our Latest Report on MCRB
Seres Therapeutics Profile
(Free Report)Seres Therapeutics, Inc, a microbiome therapeutics company, develop microbiome therapeutics to treat the modulation of the colonic microbiome. It develops a novel class of biological drugs that are designed to treat by modulating the microbiome to restore health by repairing the function of a disrupted microbiome to a non-disease state.
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