Analysts Rating Review: Pacific Biosciences (PACB)

Pacific Biosciences (NASDAQ:PACB) shares traded on -6.96% down secure line and closed at $3.34. Bank of Montreal Can increased its position in Pacific Biosciences of California by 601.5% in the first quarter. The market capitalization of the company is at $372.34 Million. Wells Fargo & Company MN now owns 220,446 shares of the biotechnology company's stock worth $1,140,000 after buying an additional 87,308 shares in the last quarter. Pacific Biosciences of California had a negative net margin of 81.75% and a negative return on equity of 87.51%. LLC now owns 150,518 shares of the biotechnology company's stock worth $778,000 after buying an additional 75,837 shares in the last quarter. The firm had revenue of $24.90 million during the quarter, compared to analyst estimates of $23.80 million. Institutional investors own 57.10% of the company's stock. Biondo Investment Advisors LLC bought a new stake in Pacific Biosciences of California during the first quarter worth approximately $137,000. For the current year the company's revenue estimates are $107.43 Million compared to low analyst estimates of $105.8 Million and high estimates of $110 Million according to the prediction of 6 analysts. However the company reported $-0.21 earnings per share for the same quarter during previous year. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0% in Pacific Biosciences of California (NASDAQ:PACB) or 2,957 shares. The company's revenue for the quarter was up 30.4% compared to the same quarter past year. The share last price represents downtick move of -5.05% in value from company's 52-Week high price and shows 347.03% above change in value from its 52-Week low price.

Pacific Biosciences of California, Inc. had its "overweight" rating reiterated by analysts at Cantor Fitzgerald. Its book value per share for the most recent quarter is $0.74 while its price to book ratio for the same period is 4.51, as for as the company's cash per share for the most recent quarter is $0.5, however its price to cash per share ratio for the same period is 6.64. Cantor Fitzgerald set a $8.00 target price on shares of Pacific Biosciences of California and gave the company a buy rating in a report on Thursday, April 27th. Essex Investment Management Co.

08/27/2015 - Pacific Biosciences of California, Inc. had its "buy" rating reiterated by analysts at Maxim Group. Over the last five days, shares have managed 3.76% gains and now is down -32.77% since hitting its 200-day moving average of $4.48.

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Pacific Biosciences of California, Inc. has a consensus outperform rating from 6 Wall Street analysts, and the number of shares now sold short amount to at least 13.33% of shares outstanding. Teza Capital Management LLC bought a new position in Pacific Biosciences of California during the first quarter valued at about $153,000. (PACB) stock confirmed the flow of 0.87% with the final price of $3.47. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of U.S. & global copyright & trademark law. (PACB) reported sales (ttm) of 96.5 Million, whereas, 5 number of analysts estimated the mean sale of 28.39 million. As per Thursday, August 27, the company rating was initiated by Cantor Fitzgerald.

Pacific Biosciences (NASDAQ:PACB) 52-week high price stands at $9.50 and low price stands at $3.11, its price distance from 52-week high is -64.84% while its distance from 52-week low price is 7.57%. Zacks Investment Research raised Pacific Biosciences of California from a "sell" rating to a "hold" rating in a report on Thursday, March 30th.

Pacific Biosciences of California, Inc. designs, develops and makes sequencing systems to help scientists resolve genetically complex problems. The Company is engaged in the development, manufacturing and marketing of an integrated platform for genetic analysis. The Company's Single Molecule, Real-Time technology enables single molecule, real-time detection of biological processes.

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