Analysts Expect Atreca (NASDAQ:BCEL) to Announce ($0.55) EPS

Shares of Atreca (NASDAQ:BCEL) have been given an average broker rating score of 1.00 (Strong Buy) from the four brokers that cover the company, Zacks Investment Research reports. Four investment analysts have rated the stock with a strong buy rating.

Brokers have set a twelve-month consensus price target of $25.50 for the company and are predicting that the company will post ($0.55) EPS for the current quarter, according to Zacks. Zacks has also given Atreca an industry rank of 99 out of 256 based on the ratings given to its competitors.

Several equities analysts have recently weighed in on BCEL shares. Canaccord Genuity started coverage on shares of Atreca in a report on Monday, July 15th. They set a “buy” rating and a $23.00 target price for the company. Evercore ISI initiated coverage on Atreca in a report on Monday, July 15th. They issued an “outperform” rating and a $16.63 price objective for the company. Stifel Nicolaus initiated coverage on Atreca in a report on Monday, July 15th. They issued a “buy” rating and a $28.00 price objective for the company. Finally, Cowen reissued a “buy” rating on shares of Atreca in a report on Wednesday.



A number of institutional investors have recently bought and sold shares of BCEL. Morgan Stanley acquired a new position in shares of Atreca in the 2nd quarter worth approximately $43,000. Cubist Systematic Strategies LLC acquired a new stake in Atreca during the 2nd quarter valued at $106,000. Point72 Hong Kong Ltd acquired a new stake in Atreca during the 2nd quarter valued at $144,000. Pentwater Capital Management LP acquired a new stake in Atreca during the 2nd quarter valued at $471,000. Finally, Parametric Portfolio Associates LLC acquired a new stake in Atreca during the 2nd quarter valued at $499,000. 0.05% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ:BCEL traded up $0.55 during trading on Friday, hitting $16.65. 162,577 shares of the stock traded hands, compared to its average volume of 87,149. The business’s fifty day simple moving average is $14.69. Atreca has a 52-week low of $10.29 and a 52-week high of $20.00.

Atreca (NASDAQ:BCEL) last posted its earnings results on Tuesday, August 13th. The company reported ($3.67) earnings per share for the quarter, missing the consensus estimate of ($0.77) by ($2.90). As a group, equities research analysts forecast that Atreca will post -3.08 EPS for the current year.

Atreca Company Profile

Atreca, Inc, a biopharmaceutical company, discovers and develops antibody-based immunotherapeutics to treat a range of solid tumor types. Its lead product candidate is ATRC-101, a monoclonal antibody in preclinical development with a novel mechanism of action and target derived from an antibody identified using its discovery platform.

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