AbCellera Biologics Inc. (NASDAQ:ABCL – Get Rating) has been assigned a consensus recommendation of "Buy" from the six brokerages that are currently covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a buy recommendation. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $28.67.

Several research firms have weighed in on ABCL. The Goldman Sachs Group began coverage on shares of AbCellera Biologics in a research report on Thursday, December 15th. They set a "buy" rating and a $30.00 target price on the stock. Truist Financial began coverage on shares of AbCellera Biologics in a research report on Wednesday, November 16th. They set a "buy" rating and a $29.00 target price on the stock. Piper Sandler dropped their target price on shares of AbCellera Biologics from $22.00 to $21.00 in a research report on Tuesday, November 1st. Finally, SVB Leerink dropped their target price on shares of AbCellera Biologics from $20.00 to $18.00 and set an "outperform" rating on the stock in a research report on Friday, January 6th.

Insider Buying and Selling at AbCellera Biologics

In related news, major shareholder Holdings Ltd. Thermopylae acquired 85,102 shares of AbCellera Biologics stock in a transaction on Friday, December 16th. The stock was acquired at an average price of $10.10 per share, for a total transaction of $859,530.20. Following the purchase, the insider now owns 55,859,493 shares of the company's stock, valued at approximately $564,180,879.30. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 30.30% of the company's stock.

Hedge Funds Weigh In On AbCellera Biologics

AbCellera Biologics Stock Up 1.5 %

NASDAQ ABCL opened at $11.18 on Monday. The firm has a market cap of $3.20 billion, a PE ratio of 14.15 and a beta of -0.16. The company has a 50 day moving average price of $10.59 and a 200 day moving average price of $11.11. AbCellera Biologics has a 52 week low of $5.42 and a 52 week high of $14.97.

AbCellera Biologics (NASDAQ:ABCL – Get Rating) last released its earnings results on Tuesday, November 8th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.01). The company had revenue of $101.38 million for the quarter, compared to analysts' expectations of $77.19 million. AbCellera Biologics had a return on equity of 21.15% and a net margin of 41.17%. On average, equities research analysts anticipate that AbCellera Biologics will post 0.62 earnings per share for the current fiscal year.

About AbCellera Biologics

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AbCellera Biologics Inc develops antibody discovery platform. Its full-stack, artificial intelligence-powered antibody discovery platform searches and analyzes the database of natural immune systems to find antibodies that could be developed as drugs. As of December 31, 2021, the company had 156 discovery programs that are either completed, in progress, or under contract with 36 partners.

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