Nomura Increases Cellectis (CLLS) Price Target to $73.00

Cellectis (NASDAQ:CLLS) had its price target raised by Nomura to $73.00 in a report issued on Wednesday, March 14th. They currently have a buy rating on the biotechnology company’s stock.

A number of other analysts have also recently weighed in on the company. BidaskClub upgraded Cellectis from a buy rating to a strong-buy rating in a research report on Saturday, February 17th. Zacks Investment Research cut Cellectis from a hold rating to a sell rating in a report on Wednesday, February 14th. ValuEngine upgraded Cellectis from a sell rating to a hold rating in a report on Friday, February 2nd. Finally, Oppenheimer reaffirmed an outperform rating and set a $40.00 price target on shares of Cellectis in a research note on Thursday, December 28th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. Cellectis currently has an average rating of Hold and a consensus target price of $42.67.

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Shares of CLLS stock traded down $0.17 during trading hours on Wednesday, reaching $28.83. 776,992 shares of the company’s stock were exchanged, compared to its average volume of 578,716. The firm has a market cap of $1,041.92, a PE ratio of -10.37 and a beta of 1.86. Cellectis has a fifty-two week low of $21.25 and a fifty-two week high of $38.85.

Cellectis (NASDAQ:CLLS) last released its quarterly earnings data on Monday, March 12th. The biotechnology company reported ($0.76) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.64) by ($0.12). Cellectis had a negative net margin of 298.01% and a negative return on equity of 35.63%. The firm had revenue of $6.91 million for the quarter, compared to the consensus estimate of $10.10 million. equities analysts expect that Cellectis will post -2.62 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the stock. Wells Fargo & Company MN grew its holdings in shares of Cellectis by 132.1% during the second quarter. Wells Fargo & Company MN now owns 9,550 shares of the biotechnology company’s stock worth $247,000 after buying an additional 5,435 shares in the last quarter. KBC Group NV bought a new position in Cellectis in the third quarter valued at approximately $366,000. HBK Investments L P bought a new position in Cellectis in the fourth quarter valued at approximately $498,000. JPMorgan Chase & Co. bought a new position in Cellectis in the third quarter valued at approximately $517,000. Finally, Advisors Asset Management Inc. grew its stake in Cellectis by 1,501.1% in the third quarter. Advisors Asset Management Inc. now owns 22,592 shares of the biotechnology company’s stock valued at $643,000 after purchasing an additional 21,181 shares in the last quarter. Institutional investors and hedge funds own 20.31% of the company’s stock.

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Cellectis Company Profile

Cellectis SA, a clinical stage biotechnological company, develops and sells immuno-oncology products based on gene-edited T-cells that express chimeric antigen receptors to target and eradicate cancer in France. The company operates through two segments, Therapeutics and Plants. Its lead product candidate is UCART19, an allogeneic T-cell product candidate for the treatment of CD19 expressing hematologic malignancies, which develop in acute lymphoblastic leukemia (ALL).

Analyst Recommendations for Cellectis (NASDAQ:CLLS)

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