Wedbush Analysts Boost Earnings Estimates for Synlogic (NASDAQ:SYBX)

Synlogic (NASDAQ:SYBX) – Wedbush upped their Q1 2018 earnings per share (EPS) estimates for Synlogic in a research report issued on Tuesday, March 13th, according to Zacks Investment Research. Wedbush analyst D. Nierengarten now expects that the biotechnology company will earn ($0.62) per share for the quarter, up from their previous forecast of ($0.84). Wedbush also issued estimates for Synlogic’s Q2 2018 earnings at ($0.65) EPS, Q3 2018 earnings at ($0.69) EPS, Q4 2018 earnings at ($0.73) EPS, FY2018 earnings at ($2.68) EPS, FY2019 earnings at ($2.54) EPS, FY2020 earnings at ($2.37) EPS and FY2021 earnings at ($2.25) EPS.

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Other equities research analysts have also issued reports about the company. HC Wainwright set a $20.00 price target on Synlogic and gave the company a “buy” rating in a research report on Wednesday. ValuEngine lowered Synlogic from a “sell” rating to a “strong sell” rating in a research report on Friday, February 2nd. Zacks Investment Research lowered Synlogic from a “hold” rating to a “sell” rating in a research report on Wednesday, January 31st. Finally, Piper Jaffray began coverage on Synlogic in a research report on Monday, January 29th. They set an “overweight” rating and a $16.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $19.00.

Shares of SYBX stock traded up $0.52 on Friday, hitting $9.70. 196,520 shares of the stock traded hands, compared to its average volume of 91,541. The company has a current ratio of 9.82, a quick ratio of 9.82 and a debt-to-equity ratio of 0.01. The firm has a market cap of $203.54, a P/E ratio of -1.65 and a beta of 2.22. Synlogic has a 1-year low of $8.76 and a 1-year high of $23.00.

Synlogic (NASDAQ:SYBX) last posted its quarterly earnings results on Tuesday, March 20th. The biotechnology company reported ($0.74) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.81) by $0.07. The firm had revenue of $0.11 million for the quarter, compared to analyst estimates of $0.11 million.

Hedge funds and other institutional investors have recently modified their holdings of the business. Spark Investment Management LLC acquired a new stake in Synlogic in the fourth quarter worth $105,000. Deutsche Bank AG increased its position in Synlogic by 204.0% in the fourth quarter. Deutsche Bank AG now owns 19,672 shares of the biotechnology company’s stock worth $190,000 after buying an additional 13,200 shares during the period. Renaissance Technologies LLC acquired a new stake in Synlogic in the fourth quarter worth $191,000. Finally, Artal Group S.A. acquired a new stake in Synlogic in the fourth quarter worth $5,335,000. 48.97% of the stock is currently owned by hedge funds and other institutional investors.

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About Synlogic

Synlogic, Inc develops synthetic biotic medicines for the treatment of patients with urea cycle disorder and phenylketonuria. The company is based in Cambridge, Massachusetts.

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Earnings History and Estimates for Synlogic (NASDAQ:SYBX)

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