Cellular Biomedicine Group Inc (CBMG) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of Cellular Biomedicine Group Inc (NASDAQ:CBMG) have been assigned a consensus broker rating score of 2.00 (Buy) from the two analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company.

Brokers have set a one year consensus price target of $38.00 for the company and are expecting that the company will post ($0.52) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Cellular Biomedicine Group an industry rank of 85 out of 255 based on the ratings given to related companies.

CBMG has been the subject of several research reports. Zacks Investment Research upgraded shares of Cellular Biomedicine Group from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a report on Friday, October 5th. B. Riley lifted their target price on shares of Cellular Biomedicine Group from $32.00 to $38.00 and gave the company a “buy” rating in a report on Wednesday, October 3rd. Finally, BidaskClub downgraded shares of Cellular Biomedicine Group from a “hold” rating to a “sell” rating in a report on Friday.



Hedge funds have recently modified their holdings of the business. Rhumbline Advisers purchased a new position in Cellular Biomedicine Group in the 2nd quarter valued at approximately $208,000. Schwab Charles Investment Management Inc. purchased a new position in Cellular Biomedicine Group in the 2nd quarter valued at approximately $423,000. Northern Trust Corp boosted its position in Cellular Biomedicine Group by 22.9% in the 1st quarter. Northern Trust Corp now owns 37,980 shares of the biotechnology company’s stock valued at $667,000 after buying an additional 7,076 shares during the period. Bank of New York Mellon Corp boosted its position in Cellular Biomedicine Group by 208.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 34,579 shares of the biotechnology company’s stock valued at $676,000 after buying an additional 23,354 shares during the period. Finally, BlackRock Inc. boosted its position in Cellular Biomedicine Group by 557.1% in the 2nd quarter. BlackRock Inc. now owns 588,852 shares of the biotechnology company’s stock valued at $11,512,000 after buying an additional 499,237 shares during the period. 7.61% of the stock is owned by institutional investors.

CBMG traded up $0.06 during trading on Tuesday, reaching $12.38. The company’s stock had a trading volume of 72,668 shares, compared to its average volume of 93,857. Cellular Biomedicine Group has a 1 year low of $9.45 and a 1 year high of $25.00.

Cellular Biomedicine Group (NASDAQ:CBMG) last announced its quarterly earnings results on Wednesday, August 8th. The biotechnology company reported ($0.53) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.52) by ($0.01). The firm had revenue of $0.08 million for the quarter, compared to analyst estimates of $0.05 million. Cellular Biomedicine Group had a negative return on equity of 47.52% and a negative net margin of 10,133.88%. Sell-side analysts forecast that Cellular Biomedicine Group will post -1.74 EPS for the current fiscal year.

Cellular Biomedicine Group Company Profile

Cellular Biomedicine Group, Inc, a clinical stage biopharmaceutical company, develops therapies for cancer and degenerative diseases in Greater China. It focuses on developing and marketing cell-based therapies to treat various diseases, such as cancer, orthopedic, and metabolic diseases. The company develops treatments utilizing proprietary cell based technologies, including immune cell therapy for the treatment of a range of cancers; human adipose-derived mesenchymal progenitor cells for the treatment of joint and autoimmune diseases; tumor cell specific dendritic cell therapy; and Re-Join therapy and AlloJoin therapy for the treatment of knee osteoarthritis.

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