NASDAQ:PACB Pacific Biosciences of California (PACB) Stock Forecast, Price & News $12.48 +0.51 (+4.26%) (As of 05/26/2023 ET) Add Compare Share Share Today's Range$12.03▼$12.8950-Day Range$8.36▼$13.0652-Week Range$3.85▼$14.20Volume3.72 million shsAverage Volume3.75 million shsMarket Capitalization$3.12 billionP/E RatioN/ADividend YieldN/APrice Target$12.75 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Pacific Biosciences of California MarketRank™ ForecastAnalyst RatingHold2.43 Rating ScoreUpside/Downside2.2% Upside$12.75 Price TargetShort InterestBearish9.68% of Shares Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment1.14Based on 3 Articles This WeekInsider TradingSelling Shares$180,019 Sold Last QuarterProj. Earnings GrowthGrowingFrom ($1.24) to ($1.06) Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.36 out of 5 starsMedical Sector985th out of 1,018 stocksAnalytical Instruments Industry27th out of 29 stocks 1.2 Analyst's Opinion Consensus RatingPacific Biosciences of California has received a consensus rating of Hold. The company's average rating score is 2.43, and is based on 3 buy ratings, 4 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $12.75, Pacific Biosciences of California has a forecasted upside of 2.2% from its current price of $12.48.Amount of Analyst CoveragePacific Biosciences of California has only been the subject of 3 research reports in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted9.68% of the outstanding shares of Pacific Biosciences of California have been sold short.Short Interest Ratio / Days to CoverPacific Biosciences of California has a short interest ratio ("days to cover") of 6.6.Change versus previous monthShort interest in Pacific Biosciences of California has recently decreased by 4.95%, indicating that investor sentiment is improving. Previous Next 0.0 Dividend Strength Dividend YieldPacific Biosciences of California does not currently pay a dividend.Dividend GrowthPacific Biosciences of California does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for PACB. Previous Next 2.9 News and Social Media Coverage News SentimentPacific Biosciences of California has a news sentiment score of 1.14. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.73 average news sentiment score of Medical companies.News Coverage This WeekMarketBeat has tracked 3 news articles for Pacific Biosciences of California this week, compared to 3 articles on an average week.Search InterestOnly 6 people have searched for PACB on MarketBeat in the last 30 days. This is a decrease of -79% compared to the previous 30 days.MarketBeat Follows5 people have added Pacific Biosciences of California to their MarketBeat watchlist in the last 30 days. This is an increase of 25% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Pacific Biosciences of California insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $180,019.00 in company stock.Percentage Held by InsidersOnly 1.90% of the stock of Pacific Biosciences of California is held by insiders.Percentage Held by Institutions92.88% of the stock of Pacific Biosciences of California is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Pacific Biosciences of California are expected to grow in the coming year, from ($1.24) to ($1.06) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Pacific Biosciences of California is -8.98, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Pacific Biosciences of California is -8.98, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioPacific Biosciences of California has a P/B Ratio of 4.51. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Pacific Biosciences of California (NASDAQ:PACB) StockPacific Biosciences of California, Inc. engages in the development, manufacture, and marketing of advanced sequencing solutions for genetic analysis. It operates through the following geographical segments: America, Europe, Middle East, and Africa, and Asia Pacific. The company was founded by Stephen Turner and Joseph Vincent Bonventre on July 14, 2000 and is headquartered in Menlo Park, CA.Read More Receive PACB Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Pacific Biosciences of California and its competitors with MarketBeat's FREE daily newsletter. Email Address PACB Stock News HeadlinesMay 21, 2023 | americanbankingnews.comMichele Farmer Sells 5,165 Shares of Pacific Biosciences of California, Inc. (NASDAQ:PACB) StockMay 12, 2023 | msn.comBarclays Initiates Coverage of Pacific Biosciences of California (PACB) with Equal-Weight RecommendationMay 27, 2023 | Behind the Markets (Ad)"Chilling War Games Show US Forces Crushed" – FOX NEWS=== BREAKING === "Chilling War Games Show US Forces Crushed" - FOX NEWS After losing to China in repeated war games, U.S. military to spend billions on new "living missile" for armed forces. Investors stand to reap 35,960% on shares of small defense contractor that makes powerful new weapon. Get the name of the stock here >>>May 12, 2023 | americanbankingnews.comPacific Biosciences of California, Inc. (NASDAQ:PACB) Receives $12.57 Average Target Price from AnalystsMay 11, 2023 | americanbankingnews.comPiper Sandler Boosts Pacific Biosciences of California (NASDAQ:PACB) Price Target to $13.00May 10, 2023 | americanbankingnews.comPacific Biosciences of California (NASDAQ:PACB) Research Coverage Started at BarclaysMay 10, 2023 | americanbankingnews.comFY2023 EPS Estimates for Pacific Biosciences of California, Inc. Decreased by Analyst (NASDAQ:PACB)May 8, 2023 | markets.businessinsider.comPiper Sandler Remains a Hold on Pacific Biosciences (PACB)May 27, 2023 | Behind the Markets (Ad)"Chilling War Games Show US Forces Crushed" – FOX NEWS=== BREAKING === "Chilling War Games Show US Forces Crushed" - FOX NEWS After losing to China in repeated war games, U.S. military to spend billions on new "living missile" for armed forces. Investors stand to reap 35,960% on shares of small defense contractor that makes powerful new weapon. Get the name of the stock here >>>May 6, 2023 | americanbankingnews.comPacific Biosciences of California's (PACB) Maintains Rating Reiterated at SpectralCastMay 5, 2023 | msn.comMorgan Stanley Maintains Pacific Biosciences of California (PACB) Equal-Weight RecommendationMay 5, 2023 | americanbankingnews.comCantor Fitzgerald Increases Pacific Biosciences of California (NASDAQ:PACB) Price Target to $13.00May 4, 2023 | markets.businessinsider.comExpert Ratings for Pacific BiosciencesMay 4, 2023 | markets.businessinsider.comMorgan Stanley Sticks to Its Hold Rating for Pacific Biosciences (PACB)May 4, 2023 | msn.comTD Cowen Maintains Pacific Biosciences of California (PACB) Outperform RecommendationMay 4, 2023 | finance.yahoo.comPacific Biosciences of California, Inc. (NASDAQ:PACB) Q1 2023 Earnings Call TranscriptMay 3, 2023 | finance.yahoo.comPacBio to Present at BofA Securities 2023 Health Care ConferenceMay 3, 2023 | msn.comCantor Fitzgerald Maintains Pacific Biosciences of California (PACB) Neutral RecommendationMay 3, 2023 | finance.yahoo.comPacBio (PACB) Tops on Q1 Earnings, Raises FY23 Revenue ViewMay 2, 2023 | seekingalpha.comPacific Biosciences of California, Inc. (PACB) Q1 2023 Earnings Call TranscriptMay 2, 2023 | seekingalpha.comPacific Biosciences of California GAAP EPS of -$0.36 misses by $0.03, revenue of $38.9M beats by $4.52MMay 2, 2023 | markets.businessinsider.comPacific Biosciences of California, Inc. Q1 Loss misses estimatesMay 1, 2023 | markets.businessinsider.comWhat Wall Street expects from Pacific Biosciences of California's earningsMay 1, 2023 | americanbankingnews.comPacific Biosciences of California (PACB) to Release Earnings on TuesdayApril 21, 2023 | seekingalpha.comAssessing Pacific Biosciences And Their Revio LaunchApril 19, 2023 | americanbankingnews.comBrokerages Set Pacific Biosciences of California, Inc. (NASDAQ:PACB) Target Price at $12.00April 18, 2023 | finance.yahoo.comPacBio to Report First Quarter 2023 Financial Results on May 2, 2023See More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive PACB Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Pacific Biosciences of California and its competitors with MarketBeat's FREE daily newsletter. Email Address PACB Company Calendar Last Earnings5/02/2023Today5/27/2023Next Earnings (Estimated)8/02/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Analytical instruments Sub-IndustryLife Sciences Tools & Services SectorMedical Current SymbolNASDAQ:PACB CUSIP69404D10 CIK1299130 Webwww.pacb.com Phone(650) 521-8000Fax302-636-5454Employees728Year Founded2004Price Target and Rating Average Stock Price Forecast$12.75 High Stock Price Forecast$15.00 Low Stock Price Forecast$8.00 Forecasted Upside/Downside+2.2%Consensus RatingHold Rating Score (0-4)2.43 Research Coverage7 Analysts Profitability EPS (Most Recent Fiscal Year)($1.39) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-314,250,000.00 Net Margins-239.32% Pretax Margin-239.32% Return on Equity-47.46% Return on Assets-16.53% Debt Debt-to-Equity Ratio1.30 Current Ratio3.69 Quick Ratio3.46 Sales & Book Value Annual Sales$128.30 million Price / Sales24.31 Cash FlowN/A Price / Cash FlowN/A Book Value$2.77 per share Price / Book4.51Miscellaneous Outstanding Shares249,890,000Free Float245,143,000Market Cap$3.12 billion OptionableOptionable Beta1.67 Social Links Key ExecutivesChristian O. HenryPresident, Chief Executive Officer & DirectorMark David van OeneChief Operating OfficerSusan G. KimChief Financial OfficerStephen W. TurnerChief Technology OfficerJonas KorlachChief Scientific OfficerKey CompetitorsBio-Rad LaboratoriesNYSE:BIOOlink Holding AB (publ)NASDAQ:OLKCytek BiosciencesNASDAQ:CTKBQuanterixNASDAQ:QTRX10x GenomicsNASDAQ:TXGView All CompetitorsInsiders & InstitutionsCapital Impact Advisors LLCBought 10,408 shares on 5/23/2023Ownership: 0.009%Ameriprise Financial Inc.Sold 142,435 shares on 5/22/2023Ownership: 0.590%Putnam Investments LLCBought 41,966 shares on 5/22/2023Ownership: 0.017%Arete Wealth Advisors LLCBought 13,700 shares on 5/22/2023Ownership: 0.005%EMC Capital ManagementBought 6,000 shares on 5/22/2023Ownership: 0.003%View All Insider TransactionsView All Institutional Transactions PACB Stock - Frequently Asked Questions Should I buy or sell Pacific Biosciences of California stock right now? 7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Pacific Biosciences of California in the last twelve months. There are currently 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" PACB shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PACB, but not buy additional shares or sell existing shares. View PACB analyst ratings or view top-rated stocks. What is Pacific Biosciences of California's stock price forecast for 2023? 7 Wall Street research analysts have issued 1-year price targets for Pacific Biosciences of California's shares. Their PACB share price forecasts range from $8.00 to $15.00. On average, they predict the company's share price to reach $12.75 in the next twelve months. This suggests a possible upside of 2.2% from the stock's current price. View analysts price targets for PACB or view top-rated stocks among Wall Street analysts. How have PACB shares performed in 2023? Pacific Biosciences of California's stock was trading at $8.18 on January 1st, 2023. Since then, PACB shares have increased by 52.6% and is now trading at $12.48. View the best growth stocks for 2023 here. When is Pacific Biosciences of California's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023. View our PACB earnings forecast. How were Pacific Biosciences of California's earnings last quarter? Pacific Biosciences of California, Inc. (NASDAQ:PACB) released its earnings results on Tuesday, May, 2nd. The biotechnology company reported ($0.31) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.33) by $0.02. The biotechnology company earned $38.90 million during the quarter, compared to analyst estimates of $34.38 million. Pacific Biosciences of California had a negative trailing twelve-month return on equity of 47.46% and a negative net margin of 239.32%. Pacific Biosciences of California's revenue for the quarter was up 17.3% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.37) earnings per share. What ETFs hold Pacific Biosciences of California's stock? ETFs with the largest weight of Pacific Biosciences of California (NASDAQ:PACB) stock in their portfolio include ARK Genomic Revolution ETF (ARKG), Global X Genomics & Biotechnology ETF (GNOM), Global X Telemedicine & Digital Health ETF (EDOC), AXS Green Alpha ETF (NXTE), ARK Innovation ETF (ARKK), AltShares Event-Driven ET (EVNT), First Trust Nasdaq Lux Digital Health Solutions ETF (EKG) and Horizon Kinetics Medical ETF (MEDX). What is Christian Henry's approval rating as Pacific Biosciences of California's CEO? 2 employees have rated Pacific Biosciences of California Chief Executive Officer Christian Henry on Glassdoor.com. Christian Henry has an approval rating of 100% among the company's employees. This puts Christian Henry in the top 10% of approval ratings compared to other CEOs of publicly-traded companies. What other stocks do shareholders of Pacific Biosciences of California own? Based on aggregate information from My MarketBeat watchlists, some companies that other Pacific Biosciences of California investors own include Pfizer (PFE), Gilead Sciences (GILD), Illumina (ILMN), Novavax (NVAX), Advanced Micro Devices (AMD), AT&T (T), Inovio Pharmaceuticals (INO), NVIDIA (NVDA), Invitae (NVTA) and Tesla (TSLA). What is Pacific Biosciences of California's stock symbol? Pacific Biosciences of California trades on the NASDAQ under the ticker symbol "PACB." Who are Pacific Biosciences of California's major shareholders? Pacific Biosciences of California's stock is owned by a number of retail and institutional investors. Top institutional investors include ARK Investment Management LLC (11.20%), BlackRock Inc. (8.08%), Sumitomo Mitsui Trust Holdings Inc. (5.61%), Nikko Asset Management Americas Inc. (5.61%), Jackson Square Partners LLC (4.84%) and Farallon Capital Management LLC (2.54%). Insiders that own company stock include Christian O Henry, Eric Schaefer, Kathy Ordonez, Lucy Shapiro, Michael Hunkapiller, Michele Farmer, Oene Mark Van, Peter Fromen, Susan G Kim and William W Ericson. View institutional ownership trends. How do I buy shares of Pacific Biosciences of California? Shares of PACB 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. Compare Top Brokerages Here. What is Pacific Biosciences of California's stock price today? One share of PACB stock can currently be purchased for approximately $12.48. How much money does Pacific Biosciences of California make? Pacific Biosciences of California (NASDAQ:PACB) has a market capitalization of $3.12 billion and generates $128.30 million in revenue each year. The biotechnology company earns $-314,250,000.00 in net income (profit) each year or ($1.39) on an earnings per share basis. How many employees does Pacific Biosciences of California have? The company employs 728 workers across the globe. Does Pacific Biosciences of California have any subsidiaries? The following companies are subsidiares of Pacific Biosciences of California: Circulomics, Omniome, PacBio Singapore PTE Limited, Pacific Biosciences (Shanghai) Co. Ltd., Pacific Biosciences Canada Limited, Pacific Biosciences Germany GmbH, Pacific Biosciences International LLC, Pacific Biosciences Japan GK, and Pacific Biosciences UK Limited.Read More How can I contact Pacific Biosciences of California? Pacific Biosciences of California's mailing address is 1305 O`BRIEN DRIVE, MENLO PARK CA, 94025. The official website for the company is www.pacb.com. The biotechnology company can be reached via phone at (650) 521-8000, via email at ir@pacb.com, or via fax at 302-636-5454. This page (NASDAQ:PACB) was last updated on 5/27/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Pacific Biosciences of California, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 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