Hi,
moomoo ID:NaN
Log Out
English
Back
Log in to access Online Inquiry

Berkeley Lights, Inc. (NASDAQ:BLI) Given Average Rating of "Hold" by Analysts

Defense World ·  {{timeTz}}

Shares of Berkeley Lights, Inc. (NASDAQ:BLI – Get Rating) have earned a consensus rating of "Hold" from the six research firms that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $16.75.

BLI has been the subject of several recent analyst reports. BTIG Research cut Berkeley Lights from a "buy" rating to a "neutral" rating in a research report on Wednesday, August 10th. Morgan Stanley lowered shares of Berkeley Lights from an "equal weight" rating to an "underweight" rating and decreased their price target for the stock from $10.00 to $5.00 in a report on Wednesday, August 10th. Finally, JPMorgan Chase & Co. downgraded shares of Berkeley Lights from an "overweight" rating to a "neutral" rating and dropped their price objective for the stock from $12.00 to $8.00 in a report on Wednesday, August 10th.

Get Berkeley Lights alerts:

Hedge Funds Weigh In On Berkeley Lights

Several institutional investors and hedge funds have recently made changes to their positions in the business. Federated Hermes Inc. grew its stake in shares of Berkeley Lights by 1,261.9% during the first quarter. Federated Hermes Inc. now owns 2,043,988 shares of the company's stock valued at $14,533,000 after buying an additional 1,893,899 shares during the last quarter. Invesco Ltd. lifted its position in Berkeley Lights by 89.4% in the fourth quarter. Invesco Ltd. now owns 2,801,178 shares of the company's stock valued at $50,926,000 after purchasing an additional 1,322,395 shares during the last quarter. Glenview Capital Management LLC bought a new position in shares of Berkeley Lights in the first quarter worth approximately $8,485,000. Mackenzie Financial Corp increased its stake in shares of Berkeley Lights by 38.2% in the first quarter. Mackenzie Financial Corp now owns 4,201,452 shares of the company's stock worth $29,872,000 after buying an additional 1,161,295 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in Berkeley Lights by 21.5% during the 4th quarter. JPMorgan Chase & Co. now owns 1,735,030 shares of the company's stock valued at $31,544,000 after buying an additional 306,859 shares during the last quarter. Institutional investors own 69.67% of the company's stock.

Berkeley Lights Stock Down 4.1 %

Shares of NASDAQ:BLI opened at $3.54 on Friday. The business's 50 day moving average is $4.72 and its 200 day moving average is $5.43. Berkeley Lights has a 12-month low of $3.50 and a 12-month high of $37.86. The stock has a market cap of $241.73 million, a price-to-earnings ratio of -2.81 and a beta of 1.59. The company has a quick ratio of 6.07, a current ratio of 6.61 and a debt-to-equity ratio of 0.11.

Berkeley Lights (NASDAQ:BLI – Get Rating) last issued its quarterly earnings results on Tuesday, August 9th. The company reported ($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.32) by ($0.06). The company had revenue of $19.15 million for the quarter, compared to analysts' expectations of $20.82 million. Berkeley Lights had a negative return on equity of 42.87% and a negative net margin of 98.21%. The company's revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.27) EPS. On average, sell-side analysts forecast that Berkeley Lights will post -1.23 earnings per share for the current fiscal year.

About Berkeley Lights

(Get Rating)

Berkeley Lights, Inc, a digital cell biology company, focuses on enabling and accelerating the rapid development and commercialization of biotherapeutics and other cell-based products. The company offers an integrated platform, which comprise of proprietary consumables, including OptoSelect chips and reagent kits, automation systems, and application and workflow software.

Further Reading

  • Get a free copy of the StockNews.com research report on Berkeley Lights (BLI)
  • Could Snap Stock Rebound As Management Restructures?
  • MarketBeat: Week in Review 8/29 – 9/2
  • Hormel Looks Cheap At These Levels
  • Lululemon Set To Soar Into September
  • Could Nike Stock be Oversold, but Still Overvalued?

Receive News & Ratings for Berkeley Lights Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Berkeley Lights and related companies with MarketBeat.com's FREE daily email newsletter.

This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information having regard to your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. Moomoo makes no representation or warranty as to its adequacy, completeness, accuracy or timeliness for any particular purpose of the above content.

Moomoo is a financial information and trading app offered by Moomoo Technologies Inc.
In the U.S., investment products and services available through the moomoo app are offered by Moomoo Financial Inc., a broker-dealer registered with the U.S. Securities and Exchange Commission (SEC) and a member of Financial Industry Regulatory Authority (FINRA)/Securities Investor Protection Corporation (SIPC).
In Singapore, investment products and services available through the moomoo app are offered through Moomoo Financial Singapore Pte. Ltd. regulated by the Monetary Authority of Singapore (MAS). Moomoo Financial Singapore Pte. Ltd. is a Capital Markets Services Licence (License No. CMS101000) holder with the Exempt Financial Adviser Status. This advertisement has not been reviewed by the Monetary Authority of Singapore.
In Australia, financial products and services available through the moomoo app are provided by Futu Securities (Australia) Ltd, an Australian Financial Services Licensee (AFSL No. 224663) regulated by the Australian Securities and Investment Commission (ASIC). Please read and understand our Financial Services Guide, Terms and Conditions, Privacy Policy and other disclosure documents which are available on our websites https://www.futuau.com and https://www.moomoo.com/au. Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd. and Futu Securities (Australia) Ltd are affiliated companies.