William Blair initiated coverage on shares of Cellectis (NASDAQ:CLLS) in a research report sent to investors on Wednesday morning, Marketbeat.com reports. The brokerage issued an outperform rating on the biotechnology company’s stock.

A number of other equities research analysts have also issued reports on CLLS. Zacks Investment Research raised shares of Cellectis from a hold rating to a buy rating and set a $25.00 target price for the company in a research note on Friday, November 16th. ValuEngine lowered shares of Cellectis from a buy rating to a hold rating in a research note on Friday, November 16th. BidaskClub lowered shares of Cellectis from a sell rating to a strong sell rating in a research note on Wednesday, November 21st. Oppenheimer set a $44.00 target price on shares of Cellectis and gave the company a buy rating in a research note on Sunday, November 25th. Finally, Goldman Sachs Group started coverage on shares of Cellectis in a research note on Wednesday, December 19th. They set a neutral rating and a $25.00 target price for the company. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. Cellectis presently has a consensus rating of Hold and a consensus target price of $32.00.

Shares of NASDAQ:CLLS opened at $19.31 on Wednesday. The firm has a market cap of $792.48 million, a price-to-earnings ratio of -10.01 and a beta of 1.76. Cellectis has a 12-month low of $15.34 and a 12-month high of $38.85.

Several hedge funds have recently added to or reduced their stakes in the stock. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in shares of Cellectis by 37.6% in the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 6,545 shares of the biotechnology company’s stock valued at $109,000 after purchasing an additional 1,787 shares during the last quarter. KBC Group NV lifted its stake in shares of Cellectis by 22.9% in the 4th quarter. KBC Group NV now owns 14,266 shares of the biotechnology company’s stock valued at $238,000 after purchasing an additional 2,661 shares during the last quarter. Squarepoint Ops LLC lifted its stake in shares of Cellectis by 28.3% in the 4th quarter. Squarepoint Ops LLC now owns 16,455 shares of the biotechnology company’s stock valued at $274,000 after purchasing an additional 3,626 shares during the last quarter. Financial Gravity Companies Inc. acquired a new stake in shares of Cellectis in the 4th quarter valued at $71,000. Finally, Two Sigma Investments LP acquired a new stake in shares of Cellectis in the 4th quarter valued at $180,000. 27.62% of the stock is owned by institutional investors and hedge funds.

About Cellectis

Cellectis SA, a clinical stage biotechnological company, develops and sells immuno-oncology products based on gene-edited T-cells that express chimeric antigen receptors to target and eradicate cancer in France. The company operates through two segments, Therapeutics and Plants. Its lead product candidate is UCART19, an allogeneic T-cell product candidate for the treatment of CD19 expressing hematologic malignancies, which develop in acute lymphoblastic leukemia (ALL).

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Analyst Recommendations for Cellectis (NASDAQ:CLLS)

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