About Fate Therapeutics (NASDAQ:FATE)
Fate Therapeutics, Inc., a clinical-stage biopharmaceutical company, develops programmed cellular immunotherapies for cancer and immune disorders worldwide. Its immuno-oncology product candidates include FATE-NK100, a natural killer (NK) cell cancer immunotherapy that consists of adaptive memory NK cells; FT500 induced pluripotent stem cells (iPSC)-derived NK cell product candidate for the treatment of advanced solid tumors; FT516 engineered iPSC-derived NK cell product candidate for the treatment of hematologic/solid tumors; and FT819 engineered chimeric antigen receptor 19 iPSC-derived T-cell product candidate for hematologic/solid tumors. The company's immuno-regulation product candidates comprise ProTmune, an investigational programmed cellular immunotherapy for use as a next-generation allogeneic hematopoietic cell transplantation cell graft; ToleraCyte for the treatment of autoimmune and inflammatory diseases; and FT300 iPSC-derived myeloid derived suppressor cell product candidate for the treatment of autoimmune diseases. Fate Therapeutics, Inc. has a research collaboration and license agreement with Memorial Sloan Kettering Cancer Center to develop off-the-shelf engineered T-cell product candidates; a research collaboration partnership with the University of California San Diego to develop off-the-shelf chimeric antigen receptor-targeted natural killer cell cancer immunotherapies. It also has a strategic research collaboration and license agreement with Juno Therapeutics, Inc. to identify small molecule modulators that enhance the function of T cells. Fate Therapeutics, Inc. was founded in 2007 and is headquartered in San Diego, California.
Industry, Sector and Symbol
Industry Biological products, except diagnostic
Sub-IndustryN/A
SectorMedical
SymbolNASDAQ:FATE
CUSIPN/A
Phone858-875-1800
Debt
Debt-to-Equity Ratio0.19%
Current Ratio9.29%
Quick Ratio9.29%
Price-To-Earnings
Trailing P/E Ratio-11.04
Forward P/E Ratio-11.85
P/E GrowthN/A
Sales & Book Value
Annual Sales$4.11 million
Price / Sales143.03
Cash FlowN/A
Price / CashN/A
Book Value$1.51 per share
Price / Book7.38
Profitability
EPS (Most Recent Fiscal Year)($1.02)
Net Income$-42,950,000.00
Net Margins-1,046.08%
Return on Equity-71.00%
Return on Assets-50.95%
Miscellaneous
Employees80
Outstanding Shares52,770,000
Fate Therapeutics (NASDAQ:FATE) Frequently Asked Questions
What is Fate Therapeutics' stock symbol?
Fate Therapeutics trades on the NASDAQ under the ticker symbol "FATE."
How were Fate Therapeutics' earnings last quarter?
Fate Therapeutics (NASDAQ:FATE) released its quarterly earnings data on Monday, March, 5th. The biopharmaceutical company reported ($0.29) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of ($0.24) by $0.05. The biopharmaceutical company had revenue of $1.03 million for the quarter, compared to analyst estimates of $1.02 million. Fate Therapeutics had a negative net margin of 1,046.08% and a negative return on equity of 71.00%. Fate Therapeutics's revenue for the quarter was up .0% on a year-over-year basis. View Fate Therapeutics' Earnings History.
When is Fate Therapeutics' next earnings date?
What price target have analysts set for FATE?
8 Wall Street analysts have issued 1-year price objectives for Fate Therapeutics' shares. Their forecasts range from $7.00 to $20.00. On average, they anticipate Fate Therapeutics' share price to reach $16.1667 in the next twelve months. View Analyst Ratings for Fate Therapeutics.
What are Wall Street analysts saying about Fate Therapeutics stock?
Here are some recent quotes from research analysts about Fate Therapeutics stock:
- 1. HC Wainwright analysts commented, "Fate Announces Updated Data From Phase 1 of PROTECT; Reiterate Neutral Updated ProTmune data shows continued safety and efficacy. Yesterday, Fate Therapeutics announced additional Phase 1 clinical data from PROTECT. As a reminder, Fate is investigating ProTmune, a next-generation hematopoietic cell graft for the prevention of acute graft-versus-host disease (GvHD) in patients undergoing allogeneic hematopoietic cell transplantation (HCT). Data reported at ASH indicated that all subjects (n=7) remained relapse-free, and there were no events of graft failure or serious adverse events (SAEs) that were deemed related to ProTmune. In the study, three out of seven subjects experienced acute GvHD in the first 100 days. However, all subjects responded to standard-of care steroid treatment, and all three cases of GvHD resolved within 5-8 days." (3/20/2018)
- 2. According to Zacks Investment Research, "Fate Therapeutics, Inc. is a biopharmaceutical company. The company focused on the discovery and development of adult stem cell modulators to treat hematologic malignancies, lysosomal storage disorders and muscular dystrophies. Fate Therapeutics, Inc. is headquartered in San Diego, California. " (3/7/2018)
Are investors shorting Fate Therapeutics?
Fate Therapeutics saw a increase in short interest during the month of March. As of March 15th, there was short interest totalling 3,401,562 shares, an increase of 47.8% from the February 28th total of 2,301,328 shares. Based on an average daily volume of 1,116,342 shares, the days-to-cover ratio is presently 3.0 days. Currently, 7.6% of the shares of the company are short sold.
Who are some of Fate Therapeutics' key competitors?
Some companies that are related to Fate Therapeutics include CRISPR Therapeutics (CRSP), Aerie Pharmaceuticals (AERI), Denali Therapeutics (DNLI), Repligen (RGEN), Acceleron Pharma (XLRN), Editas Medicine (EDIT), Sangamo Therapeutics (SGMO), Atara Biotherapeutics (ATRA), Momenta Pharmaceuticals (MNTA), Audentes Therapeutics (BOLD), DBV Technologies (DBVT), Iovance Biotherapeutics (IOVA), Cellectis (CLLS), REGENXBIO (RGNX) and Adaptimmune Therapeutics (ADAP).
Who are Fate Therapeutics' key executives?
Fate Therapeutics' management team includes the folowing people:
- Mr. J. Scott Wolchko, Founder, CEO, Pres, Principal Financial Officer, Principal Accounting Officer & Director (Age 48)
- Dr. Daniel D. Shoemaker, Chief Scientific Officer (Age 50)
- Dr. Stewart Abbot, Chief Devel. Officer (Age 51)
- Dr. Michael Rudnicki Ph.D., Co-Founder
- Ms. Cindy R. Tahl, Gen. Counsel & Corp. Sec. (Age 45)
Has Fate Therapeutics been receiving favorable news coverage?
Headlines about FATE stock have trended somewhat positive on Wednesday, according to Accern Sentiment Analysis. Accern scores the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Fate Therapeutics earned a coverage optimism score of 0.13 on Accern's scale. They also gave press coverage about the biopharmaceutical company an impact score of 47.19 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future.
How do I buy shares of Fate Therapeutics?
Shares of FATE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Fate Therapeutics' stock price today?
One share of FATE stock can currently be purchased for approximately $11.14.
How big of a company is Fate Therapeutics?
Fate Therapeutics has a market capitalization of $594.74 million and generates $4.11 million in revenue each year. The biopharmaceutical company earns $-42,950,000.00 in net income (profit) each year or ($1.02) on an earnings per share basis. Fate Therapeutics employs 80 workers across the globe.
How can I contact Fate Therapeutics?
Fate Therapeutics' mailing address is 3535 GENERAL ATOMICS COURT SUITE 200, SAN DIEGO CA, 92121. The biopharmaceutical company can be reached via phone at 858-875-1800 or via email at [email protected]
MarketBeat Community Rating for Fate Therapeutics (FATE)
MarketBeat's community ratings are surveys of what our community members think about Fate Therapeutics and other stocks. Vote "Outperform" if you believe FATE will outperform the S&P 500 over the long term. Vote "Underperform" if you believe FATE will underperform the S&P 500 over the long term. You may vote once every thirty days.
Fate Therapeutics (NASDAQ:FATE) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
8 Wall Street analysts have issued ratings and price targets for Fate Therapeutics in the last 12 months. Their average twelve-month price target is $16.1667, suggesting that the stock has a possible upside of 45.12%. The high price target for FATE is $20.00 and the low price target for FATE is $7.00. There are currently 2 hold ratings, 5 buy ratings and 1 strong buy rating for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Buy |
| Consensus Rating Score: | 2.88 | 2.88 | 3.00 | 3.00 |
| Ratings Breakdown: | 0 Sell Rating(s)
2 Hold Rating(s)
5 Buy Rating(s)
1 Strong Buy Rating(s) | 0 Sell Rating(s)
2 Hold Rating(s)
5 Buy Rating(s)
1 Strong Buy Rating(s) | 0 Sell Rating(s)
0 Hold Rating(s)
7 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
0 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $16.1667 | $14.6667 | $7.6667 | $7.20 |
| Price Target Upside: | 45.12% upside | 25.14% upside | 10.15% upside | 75.18% upside |
Fate Therapeutics (NASDAQ:FATE) Consensus Price Target History
Fate Therapeutics (NASDAQ:FATE) Analyst Ratings History
Show:
(Data available from 4/25/2016 forward)
Fate Therapeutics (NASDAQ:FATE) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
(Data available from 1/1/2013 forward)
Fate Therapeutics (NASDAQ FATE) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 9.89%
Institutional Ownership Percentage: 66.45%
Fate Therapeutics (NASDAQ FATE) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 10/16/2017 | Cindy Tahl | General Counsel | Sell | 8,091 | $3.85 | $31,150.35 | |  |
| 10/16/2017 | Daniel D Shoemaker | Insider | Sell | 13,225 | $3.87 | $51,180.75 | | |
| 11/23/2016 | Chris Storgard | Insider | Buy | 37,593 | $2.66 | $99,997.38 | 9,090 | |
| 11/23/2016 | William H Rastetter | Director | Buy | 375,939 | $2.66 | $999,997.74 | | |
| 6/12/2014 | Peter D Flynn | Insider | Sell | 6,488 | $7.00 | $45,416.00 | | |
| 6/10/2014 | Peter D Flynn | Insider | Sell | 3,305 | $7.00 | $23,135.00 | | |
| 5/1/2014 | Peter D Flynn | Insider | Sell | 9,793 | $7.07 | $69,236.51 | | |
| 4/4/2014 | Peter D Flynn | Insider | Sell | 5,889 | $8.00 | $47,112.00 | | |
| 4/2/2014 | Christian Weyer | Insider | Sell | 10,000 | $9.02 | $90,200.00 | | |
| 4/1/2014 | J Scott Wolchko | Insider | Sell | 20,000 | $9.64 | $192,800.00 | | |
| 3/31/2014 | Daniel D Shoemaker | CTO | Sell | 8,653 | $9.86 | $85,318.58 | | |
| 10/4/2013 | John Mendlein | Director | Buy | 16,667 | $6.00 | $100,002.00 | | |
| 10/4/2013 | Venture Fund Vi Lp Arch | Major Shareholder | Buy | 833,333 | $6.00 | $4,999,998.00 | | |
(Data available from 1/1/2013 forward)
Fate Therapeutics (NASDAQ FATE) News Headlines
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Fate Therapeutics (NASDAQ:FATE) SEC Filings
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Fate Therapeutics (NASDAQ:FATE) Income Statement, Balance Sheet and Cash Flow Statement
Fate Therapeutics (NASDAQ FATE) Stock Chart for Wednesday, April, 25, 2018
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