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Monday, March 7, 2022

Atreca: Analyst views preceding selloff

 Atreca, Inc. (NASDAQ:BCEL - Get Rating) - Equities researchers at Jefferies Financial Group issued their Q1 2022 EPS estimates for Atreca in a research note issued on Thursday, March 3rd. Jefferies Financial Group analyst R. Song forecasts that the company will post earnings of ($0.80) per share for the quarter. Atreca (NASDAQ:BCEL - Get Rating) last released its quarterly earnings results on Thursday, March 3rd. The company reported ($0.79) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.75) by ($0.04). During the same quarter in the previous year, the business earned ($0.63) EPS.

BCEL has been the subject of several other research reports. HC Wainwright restated a "buy" rating and set a $25.00 price target on shares of Atreca in a research note on Friday. Zacks Investment Research raised Atreca from a "hold" rating to a "buy" rating and set a $2.25 price objective on the stock in a report on Tuesday, February 8th. Stifel Nicolaus dropped their price objective on Atreca from $17.00 to $14.00 and set a "buy" rating on the stock in a report on Friday. Finally, Wedbush reissued an "outperform" rating on shares of Atreca in a report on Friday. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $16.65.

Shares of Atreca stock opened at $5.20 on Monday. The stock's 50-day moving average is $2.18. The firm has a market capitalization of $193.19 million, a P/E ratio of -1.76 and a beta of 0.23. Atreca has a one year low of $1.56 and a one year high of $19.23.

Several institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its stake in shares of Atreca by 344.3% in the second quarter. JPMorgan Chase & Co. now owns 73,493 shares of the company's stock valued at $627,000 after buying an additional 56,951 shares in the last quarter. Stifel Financial Corp grew its holdings in shares of Atreca by 27.5% in the 2nd quarter. Stifel Financial Corp now owns 32,563 shares of the company's stock worth $278,000 after acquiring an additional 7,025 shares during the last quarter. Renaissance Technologies LLC purchased a new position in shares of Atreca during the second quarter valued at $929,000. Marshall Wace LLP purchased a new position in shares of Atreca during the second quarter valued at $294,000. Finally, Macquarie Group Ltd. grew its stake in Atreca by 730.0% in the second quarter. Macquarie Group Ltd. now owns 6,366 shares of the company's stock valued at $54,000 after purchasing an additional 5,599 shares in the last quarter. Institutional investors own 60.38% of the company's stock.

https://www.marketbeat.com/instant-alerts/nasdaq-bcel-analyst-earnings-estimates-2022-03/

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