Fate Therapeutics - FATE Stock Forecast, Price & News

22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fate Therapeutics in the last year. There are currently 2 sell ratings, 14 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" FATE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FATE, but not buy additional shares or sell existing shares.
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22 brokers have issued 12 month target prices for Fate Therapeutics' shares. Their FATE share price forecasts range from $7.00 to $90.00. On average, they anticipate the company's share price to reach $29.75 in the next twelve months. This suggests a possible upside of 333.0% from the stock's current price.
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Fate Therapeutics' stock was trading at $10.09 at the beginning of 2023. Since then, FATE shares have decreased by 31.9% and is now trading at $6.87.
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Fate Therapeutics saw a decrease in short interest in the month of January. As of January 15th, there was short interest totaling 15,450,000 shares, a decrease of 30.8% from the December 31st total of 22,330,000 shares. Based on an average daily trading volume, of 3,130,000 shares, the short-interest ratio is currently 4.9 days. Approximately 16.9% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Monday, February 27th 2023.
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Fate Therapeutics, Inc. (NASDAQ:FATE) posted its earnings results on Thursday, November, 4th. The biopharmaceutical company reported ($0.45) EPS for the quarter, topping the consensus estimate of ($0.58) by $0.13. The biopharmaceutical company had revenue of $14.23 million for the quarter, compared to the consensus estimate of $8.67 million. Fate Therapeutics had a negative net margin of 425.99% and a negative trailing twelve-month return on equity of 48.78%. Fate Therapeutics's revenue was up 88.3% on a year-over-year basis. During the same period last year, the firm posted ($0.36) earnings per share.

2 employees have rated Fate Therapeutics Chief Executive Officer Scott Wolchko on Glassdoor.com. Scott Wolchko has an approval rating of 100% among the company's employees. This puts Scott Wolchko in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Fate Therapeutics investors own include Cara Therapeutics (CARA), CRISPR Therapeutics (CRSP), Juno Therapeutics (JUNO), NVIDIA (NVDA), Sangamo Therapeutics (SGMO), Advanced Micro Devices (AMD), Exelixis (EXEL), Neurocrine Biosciences (NBIX), Sorrento Therapeutics (SRNE) and Gilead Sciences (GILD).

Fate Therapeutics trades on the NASDAQ under the ticker symbol "FATE."

Fate Therapeutics' stock is owned by a variety of retail and institutional investors. Top institutional investors include ARK Investment Management LLC (4.34%), Sumitomo Mitsui Trust Holdings Inc. (0.93%), Monaco Asset Management SAM (0.26%), Rice Hall James & Associates LLC (0.22%), Comerica Bank (0.14%) and State of New Jersey Common Pension Fund D (0.12%). Insiders that own company stock include Bahram Valamehr, Cindy Tahl, Daniel D Shoemaker, Edward J Dulac III, J Scott Wolchko, John Mendlein, Louis T Petrillo, Mark Plavsic, Redmile Group, Llc, Shefali Agarwal and Yu-Waye Chu.
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Shares of FATE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of FATE stock can currently be purchased for approximately $6.87.

Fate Therapeutics (NASDAQ:FATE) has a market capitalization of $667.56 million and generates $55.85 million in revenue each year. The biopharmaceutical company earns $-212,150,000.00 in net income (profit) each year or ($3.05) on an earnings per share basis.

The company employs 449 workers across the globe.

Fate Therapeutics' mailing address is 3535 GENERAL ATOMICS COURT SUITE 200, SAN DIEGO CA, 92121. The official website for the company is www.fatetherapeutics.com. The biopharmaceutical company can be reached via phone at (858) 875-1800 or via email at christina@sternir.com.