Analysts Anticipate Selecta Biosciences Inc (SELB) Will Announce Earnings of -$0.61 Per Share

Equities research analysts predict that Selecta Biosciences Inc (NASDAQ:SELB) will post ($0.61) earnings per share (EPS) for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for Selecta Biosciences’ earnings. Selecta Biosciences posted earnings per share of ($0.88) in the same quarter last year, which would suggest a positive year-over-year growth rate of 30.7%. The company is expected to report its next earnings report on Thursday, March 21st.

According to Zacks, analysts expect that Selecta Biosciences will report full year earnings of ($2.85) per share for the current fiscal year. For the next financial year, analysts forecast that the business will report earnings of ($2.73) per share. Zacks’ earnings per share calculations are an average based on a survey of analysts that that provide coverage for Selecta Biosciences.

Selecta Biosciences (NASDAQ:SELB) last announced its quarterly earnings data on Thursday, November 8th. The company reported ($0.71) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.79) by $0.08.

A number of research analysts recently weighed in on the company. Zacks Investment Research raised Selecta Biosciences from a “hold” rating to a “buy” rating and set a $6.25 target price on the stock in a report on Thursday, November 15th. UBS Group set a $6.00 target price on Selecta Biosciences and gave the stock a “hold” rating in a report on Friday, November 9th. Mizuho reaffirmed a “buy” rating and issued a $30.00 price objective on shares of Selecta Biosciences in a report on Wednesday, October 17th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Selecta Biosciences in a report on Tuesday, October 23rd. Finally, BidaskClub lowered Selecta Biosciences from a “hold” rating to a “sell” rating in a report on Saturday, October 27th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $23.21.

Shares of SELB stock traded down $0.08 during trading on Tuesday, reaching $2.04. 152,611 shares of the company’s stock were exchanged, compared to its average volume of 344,652. Selecta Biosciences has a twelve month low of $1.97 and a twelve month high of $16.55.

A number of hedge funds and other institutional investors have recently modified their holdings of SELB. Renaissance Technologies LLC acquired a new position in Selecta Biosciences in the 3rd quarter valued at $196,000. Rhumbline Advisers grew its holdings in shares of Selecta Biosciences by 43.7% during the 2nd quarter. Rhumbline Advisers now owns 16,792 shares of the company’s stock worth $222,000 after purchasing an additional 5,103 shares in the last quarter. MetLife Investment Advisors LLC acquired a new stake in shares of Selecta Biosciences during the 3rd quarter worth $225,000. Virtu Financial LLC acquired a new stake in shares of Selecta Biosciences during the 3rd quarter worth $363,000. Finally, Marshall Wace LLP acquired a new stake in shares of Selecta Biosciences during the 3rd quarter worth $396,000. 51.04% of the stock is currently owned by hedge funds and other institutional investors.

About Selecta Biosciences

Selecta Biosciences, Inc, a clinical-stage biopharmaceutical company, researches and develops nanoparticle immunomodulatory drugs for the treatment and prevention of human diseases. Its proprietary pipeline includes synthetic vaccine particles (SPV)-enabled enzyme, oncology, and gene therapies. The company's lead product is SEL-212 that in Phase II clinical trial to treat severe gout patients and resolve their symptoms, including flares and gouty arthritis.

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