Shares of Cellectis S.A. (NASDAQ:CLLS – Get Free Report) have been given an average rating of “Moderate Buy” by the six brokerages that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $7.00.
Several research analysts recently issued reports on CLLS shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cellectis in a research report on Friday, July 17th. Barclays assumed coverage on shares of Cellectis in a research report on Thursday, May 28th. They issued an “overweight” rating and a $9.00 price objective for the company. Finally, Citizens Jmp reiterated a “market outperform” rating and set a $8.00 target price on shares of Cellectis in a research report on Tuesday, April 14th.
Read Our Latest Research Report on CLLS
Cellectis Trading Down 2.8%
Cellectis (NASDAQ:CLLS – Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The biotechnology company reported ($0.22) EPS for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.04. Cellectis had a negative return on equity of 94.19% and a negative net margin of 102.34%.The company had revenue of $6.90 million for the quarter, compared to analyst estimates of $11.05 million.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the company. Global Retirement Partners LLC bought a new stake in Cellectis in the fourth quarter valued at about $34,000. Lido Advisors LLC bought a new position in Cellectis during the first quarter worth about $32,000. Millennium Management LLC boosted its holdings in Cellectis by 61.9% during the third quarter. Millennium Management LLC now owns 57,740 shares of the biotechnology company’s stock worth $165,000 after buying an additional 22,080 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of Cellectis during the 3rd quarter worth about $72,000. Finally, Acadian Asset Management LLC grew its position in shares of Cellectis by 132.9% during the 1st quarter. Acadian Asset Management LLC now owns 46,377 shares of the biotechnology company’s stock worth $55,000 after buying an additional 26,461 shares during the period. Institutional investors and hedge funds own 63.90% of the company’s stock.
Cellectis Company Profile
Cellectis is a clinical‐stage biopharmaceutical company specializing in the development of gene‐edited cell therapies for oncology. Founded in 1999 and headquartered in Paris, France, the company also maintains operations in New York City and Raleigh, North Carolina. Cellectis applies its proprietary TALEN genome editing platform to engineer allogeneic chimeric antigen receptor T‐cell (CAR‐T) candidates designed to target blood cancers and solid tumors.
The company’s core business activities encompass the discovery, development and manufacturing of off‐the‐shelf immunotherapies.
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