After Canaccord Genuity and Cowen & Co. gave Seres Therapeutics (NASDAQ: MCRB) a Buy rating last month, the company received another Buy, this time from Oppenheimer. Analyst Mark Breidenbach maintained a Buy rating on Seres Therapeutics today and set a price target of $7.00. The company’s shares closed last Monday at $3.70.
According to TipRanks.com, Breidenbach is a 4-star analyst with an average return of 1.9% and a 35.6% success rate. Breidenbach covers the Healthcare sector, focusing on stocks such as Global Blood Therapeutics, Iovance Biotherapeutics, and Syros Pharmaceuticals.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Seres Therapeutics with a $8.67 average price target, a 152.0% upside from current levels. In a report issued on March 23, H.C. Wainwright also reiterated a Buy rating on the stock with a $8.00 price target.
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Based on Seres Therapeutics’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $7.62 million and GAAP net loss of $18.78 million. In comparison, last year the company earned revenue of $10.63 million and had a GAAP net loss of $21.29 million.
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Seres Therapeutics, Inc. operates a microbiome therapeutics platform company, which engages in the development of biological drugs. The firm creates medicines using live bacteria to treat diseases resulting from functional deficiencies in the microbiome, a condition known as dysbiosis. It focuses on implementing microbiome therapeutics platform to develop ecobiotic microbiome therapeutics that treats dysbiosis in the colonic microbiome. 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.
