B. Riley Weighs in on Cellular Biomedicine Group Inc’s Q1 2018 Earnings (CBMG)

Cellular Biomedicine Group Inc (NASDAQ:CBMG) – B. Riley issued their Q1 2018 earnings per share estimates for shares of Cellular Biomedicine Group in a note issued to investors on Thursday. B. Riley analyst G. Zavoico anticipates that the biotechnology company will post earnings of ($0.47) per share for the quarter. B. Riley has a “Buy” rating and a $32.00 price target on the stock. B. Riley also issued estimates for Cellular Biomedicine Group’s Q2 2018 earnings at ($0.47) EPS, Q3 2018 earnings at ($0.49) EPS, Q4 2018 earnings at ($0.51) EPS, FY2018 earnings at ($1.94) EPS, FY2019 earnings at ($1.96) EPS, FY2020 earnings at ($1.92) EPS, FY2021 earnings at $1.22 EPS and FY2022 earnings at $10.43 EPS.

Several other research analysts have also issued reports on the stock. Maxim Group restated a “hold” rating on shares of Cellular Biomedicine Group in a report on Tuesday, March 6th. BidaskClub upgraded shares of Cellular Biomedicine Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 10th.

Cellular Biomedicine Group (NASDAQ CBMG) opened at $19.90 on Monday. Cellular Biomedicine Group has a fifty-two week low of $5.05 and a fifty-two week high of $22.75.

Cellular Biomedicine Group (NASDAQ:CBMG) last released its quarterly earnings results on Tuesday, March 6th. The biotechnology company reported ($0.48) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.40) by ($0.08). Cellular Biomedicine Group had a negative return on equity of 45.60% and a negative net margin of 7,564.10%. The firm had revenue of $0.07 million for the quarter.

In related news, insider Yihong Yao acquired 4,167 shares of the stock in a transaction dated Friday, December 22nd. The stock was bought at an average price of $12.00 per share, for a total transaction of $50,004.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Tony Liu acquired 29,167 shares of the stock in a transaction dated Friday, December 22nd. The stock was bought at an average price of $12.00 per share, with a total value of $350,004.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 41,667 shares of company stock valued at $500,004. Company insiders own 8.20% of the company’s stock.

An institutional investor recently bought a new position in Cellular Biomedicine Group stock. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Cellular Biomedicine Group Inc (NASDAQ:CBMG) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 10,041 shares of the biotechnology company’s stock, valued at approximately $107,000. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.07% of Cellular Biomedicine Group as of its most recent SEC filing. Institutional investors and hedge funds own 2.79% of the company’s stock.

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Cellular Biomedicine Group Company Profile

Cellular Biomedicine Group Inc is a United States-based company which is engaged in the development of cell therapy technologies. The Company develops proprietary cell therapies for the treatment of cancer and degenerative diseases. The Company conducts immuno-oncology and stem cell clinical trials in China using products from the good manufacturing practices (GMP) laboratory.

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