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About

Seres Therapeutics, Inc., a clinical-stage company, focuses on developing biotherapeutics for serious diseases. The company develops SER-155, an investigational oral live biotherapeutic to decolonize gastrointestinal pathogens, enhance epithelial barrier integrity, and regulate immune response to prevent bacterial bloodstream infections, as well as other pathogen-associated negative clinical outcomes in patients undergoing allogeneic hematopoietic stem cell transplantation. Its other pipeline programs include SER-147, a live biotherapeutic composition to prevent bacterial bloodstream and spontaneous bacterial peritonitis infections in patients with metabolic disease, including chronic liver disease; and SER-287 and SER-301, which are in clinical trials for the treatment of mild-to-moderate ulcerative colitis. The company was formerly known as Seres Health, Inc. and changed its name to Seres Therapeutics, Inc. in May 2015. Seres Therapeutics, Inc. was incorporated in 2010 and is headquartered in Cambridge, Massachusetts.

Fundamentals
Scroll to Statements
Sector Healthcare Industry Biotechnology Market Cap 78.25M
Enterprise Value 115.87M Income 5.39M Sales 351.00K
Book/sh 4.99 Cash/sh 5.27 Dividend Yield —
Payout 0.00% Employees 103 IPO —
P/E 9.83 Forward P/E -1.09 PEG —
P/S 222.94 P/B 1.73 P/C —
EV/EBITDA -1.17 EV/Sales 330.11 Quick Ratio 2.16
Current Ratio 2.30 Debt/Eq 195.10 LT Debt/Eq —
EPS (ttm) 0.88 EPS next Y -7.97 EPS Growth -91.90%
Revenue Growth — Earnings 2026-03-12 ROA -40.12%
ROE 15.96% ROIC — Gross Margin 0.00%
Oper. Margin -64.04% Profit Margin 15.37% Shs Outstand 9.05M
Shs Float 6.75M Short Float 14.56% Short Ratio 19.16
Short Interest — 52W High 29.98 52W Low 6.53
Beta 0.25 Avg Volume 84.56K Volume 58.20K
Target Price $21.00 Recom Buy Prev Close $8.16
Price $8.65 Change 6.00%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$21.00
Mean price target
2. Current target
$8.65
Latest analyst target
3. DCF / Fair value
$-162.86
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$8.65
Low
$20.00
High
$22.00
Mean
$21.00

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2025-09-24 main Canaccord Genuity Buy → Buy $22
2025-05-08 down Chardan Capital Buy → Neutral $6
2025-03-20 main Chardan Capital Buy → Buy $1
2025-03-14 main Goldman Sachs Sell → Sell $1
2024-11-14 main Canaccord Genuity Buy → Buy $10
2024-11-13 main Chardan Capital Buy → Buy $1
2024-10-24 down JP Morgan Neutral → Underweight —
2024-09-13 main Canaccord Genuity Buy → Buy $10
2024-08-14 main Canaccord Genuity Buy → Buy $10
2024-08-14 main Chardan Capital Buy → Buy $1
2024-06-07 down Oppenheimer Outperform → Perform —
2024-06-07 main Canaccord Genuity Buy → Buy $10
2024-05-09 main Oppenheimer Outperform → Outperform $4
2024-05-08 main Chardan Capital Buy → Buy $6
2024-03-06 main Oppenheimer Outperform → Outperform $5
2024-03-06 main Chardan Capital Buy → Buy $8
2024-01-16 main Oppenheimer Outperform → Outperform $9
2023-11-03 main Goldman Sachs Sell → Sell $1
2023-04-28 main Chardan Capital — → Buy $10
2023-04-21 init JP Morgan — → Neutral $7
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 78 661.0 — Sale at price 8.47 per share. DESROSIER THOMAS J Chief Executive Officer — 2026-02-13 00:00:00 D
1 244 nan — — DESROSIER THOMAS J Chief Executive Officer — 2026-02-13 00:00:00 D
2 259 2194.0 — Sale at price 8.47 per share. SHAFF ERIC D Director — 2026-02-13 00:00:00 D
3 723 nan — — SHAFF ERIC D Director — 2026-02-13 00:00:00 D
4 89 754.0 — Sale at price 8.47 per share. HENN MATTHEW R Officer — 2026-02-13 00:00:00 D
5 239 nan — — HENN MATTHEW R Officer — 2026-02-13 00:00:00 D
6 75 635.0 — Sale at price 8.47 per share. YOUNG TERESA L. Officer — 2026-02-13 00:00:00 D
7 231 nan — — YOUNG TERESA L. Officer — 2026-02-13 00:00:00 D
8 76 1315.0 — Sale at price 17.30 per share. DESROSIER THOMAS J Chief Executive Officer — 2025-11-14 00:00:00 D
9 244 nan — — DESROSIER THOMAS J Chief Executive Officer — 2025-11-14 00:00:00 D
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems0.000.000.000.00
TaxRateForCalcs0.000.000.000.00
NormalizedEBITDA-125.99M-181.42M-170.93M-56.72M
TotalUnusualItems5.68M0.000.000.00
TotalUnusualItemsExcludingGoodwill5.68M0.000.000.00
NetIncomeFromContinuingOperationNetMinorityInterest-125.77M-190.13M-183.58M-65.58M
ReconciledDepreciation5.47M6.24M6.63M5.95M
ReconciledCostOfRevenue3.53M0.000.00
EBITDA-120.30M-181.42M-170.93M-56.72M
EBIT-125.77M-187.66M-177.56M-62.67M
NetInterestIncome3.97M4.83M-2.96M-40.00K
InterestExpense0.002.47M6.02M2.91M
InterestIncome3.97M7.30M3.06M2.87M
NormalizedIncome-131.46M-190.13M-183.58M-65.58M
NetIncomeFromContinuingAndDiscontinuedOperation136.00K-113.72M-250.16M-65.58M
TotalExpenses121.31M195.10M179.91M209.42M
TotalOperatingIncomeAsReported-121.31M-195.10M-179.91M-64.49M
DilutedAverageShares7.77M6.40M5.40M4.59M
BasicAverageShares7.77M6.40M5.40M4.59M
DilutedEPS0.00-17.80-46.20-14.40
BasicEPS0.00-17.80-46.20-14.40
DilutedNIAvailtoComStockholders136.00K-113.72M-250.16M-65.58M
NetIncomeCommonStockholders136.00K-113.72M-250.16M-65.58M
NetIncome136.00K-113.72M-250.16M-65.58M
NetIncomeIncludingNoncontrollingInterests136.00K-113.72M-250.16M-65.58M
NetIncomeDiscontinuousOperations125.91M76.41M-66.58M
NetIncomeContinuousOperations-125.77M-190.13M-183.58M-65.58M
PretaxIncome-125.77M-190.13M-183.58M-65.58M
OtherIncomeExpense-8.42M134.00K-705.00K-1.04M
OtherNonOperatingIncomeExpenses-14.11M134.00K-705.00K-1.04M
SpecialIncomeCharges5.68M0.000.000.00
GainOnSaleOfBusiness5.68M0.000.00
RestructuringAndMergernAcquisition0.00
NetNonOperatingInterestIncomeExpense3.97M4.83M-2.96M-40.00K
InterestExpenseNonOperating0.002.47M6.02M2.91M
InterestIncomeNonOperating3.97M7.30M3.06M2.87M
OperatingIncome-121.31M-195.10M-179.91M-64.49M
OperatingExpense117.78M195.10M179.91M209.42M
OtherOperatingExpenses704.00K1.00M-1.73M
ResearchAndDevelopment64.60M117.60M109.65M141.89M
SellingGeneralAndAdministration53.18M77.50M70.26M69.26M
GeneralAndAdministrativeExpense53.18M77.50M70.26M69.26M
OtherGandA30.50M41.43M70.26M69.26M
SalariesAndWages22.68M36.07M31.28M23.93M
GrossProfit-3.53M0.000.00
CostOfRevenue3.53M0.000.00
TotalRevenue0.000.000.00144.93M
OperatingRevenue0.000.000.00144.93M
Line Item2024-12-312023-12-312022-12-312021-12-31
OrdinarySharesNumber8.65M6.75M6.26M4.59M
ShareIssued8.65M6.75M6.26M4.59M
TotalDebt91.64M198.78M162.59M49.21M
TangibleBookValue13.78M-44.86M10.78M131.51M
InvestedCapital13.78M56.69M61.83M156.15M
WorkingCapital-2.55M76.75M109.17M221.37M
NetTangibleAssets13.78M-44.86M10.78M131.51M
CapitalLeaseObligations91.64M97.24M111.54M24.57M
CommonStockEquity13.78M-44.86M10.78M131.51M
TotalCapitalization13.78M56.69M61.37M156.15M
TotalEquityGrossMinorityInterest13.78M-44.86M10.78M131.51M
StockholdersEquity13.78M-44.86M10.78M131.51M
GainsLossesNotAffectingRetainedEarnings0.00-12.00K-60.00K
OtherEquityAdjustments-12.00K-60.00K
RetainedEarnings-978.10M-978.24M-864.51M-614.35M
AdditionalPaidInCapital991.71M933.24M875.18M745.83M
CapitalStock173.00K135.00K125.00K92.00K
CommonStock173.00K135.00K125.00K92.00K
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest126.03M403.46M338.00M223.35M
TotalNonCurrentLiabilitiesNetMinorityInterest84.80M304.80M252.41M141.09M
OtherNonCurrentLiabilities1.84M1.63M1.44M11.49M
LiabilitiesHeldforSaleNonCurrent0.00109.43M
DerivativeProductLiabilities0.00546.00K0.00
NonCurrentDeferredLiabilities95.36M92.43M87.00M
NonCurrentDeferredRevenue95.36M92.43M87.00M
LongTermDebtAndCapitalLeaseObligation82.97M193.20M158.53M42.60M
LongTermCapitalLeaseObligation82.97M91.65M107.94M17.96M
LongTermDebt101.54M50.59M24.64M
CurrentLiabilities41.22M98.66M85.60M82.26M
OtherCurrentLiabilities66.92M34.77M21.10M
CurrentDeferredLiabilities7.73M4.26M16.82M
CurrentDeferredRevenue7.73M4.26M16.82M
CurrentDebtAndCapitalLeaseObligation8.67M5.59M4.06M6.61M
CurrentCapitalLeaseObligation8.67M5.59M3.60M6.61M
CurrentDebt456.00K
OtherCurrentBorrowings456.00K
PayablesAndAccruedExpenses32.55M26.15M77.28M37.73M
CurrentAccruedExpenses28.47M22.51M25.07M24.00M
Payables4.08M3.64M52.21M13.73M
DuetoRelatedPartiesCurrent28.05M34.77M
AccountsPayable4.08M3.64M17.44M13.73M
TotalAssets139.81M358.60M348.78M354.86M
TotalNonCurrentAssets101.14M183.19M154.02M51.23M
OtherNonCurrentAssets8.70M75.16M20.05M14.59M
InvestmentsAndAdvances0.00495.00K
InvestmentinFinancialAssets0.00495.00K
AvailableForSaleSecurities495.00K
NetPPE92.44M108.03M133.97M36.15M
AccumulatedDepreciation-53.20M-49.08M-45.04M-40.27M
GrossPPE145.63M157.11M179.01M76.41M
Leases30.95M32.49M32.47M32.92M
ConstructionInProgress861.00K1.11M3.97M1.67M
OtherProperties105.37M115.08M135.52M37.34M
MachineryFurnitureEquipment8.45M8.42M7.05M4.47M
Properties0.000.000.000.00
CurrentAssets38.67M175.41M194.76M303.63M
OtherCurrentAssets3.13M8.05M13.42M12.92M
AssetsHeldForSaleCurrent0.0039.40M
PrepaidAssets12.92M
Inventory29.65M0.00
FinishedGoods0.000.00
WorkInProcess25.22M0.00
RawMaterials4.43M0.00
Receivables4.75M0.000.000.00
OtherReceivables2.68M
DuefromRelatedPartiesCurrent8.67M0.00
AccountsReceivable2.07M0.000.00
CashCashEquivalentsAndShortTermInvestments30.79M127.97M181.34M290.71M
OtherShortTermInvestments0.0018.31M110.70M
CashAndCashEquivalents30.79M127.97M163.03M180.00M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow-148.99M-125.33M-238.64M-2.88M
RepaymentOfDebt-127.91M-52.86M-1.91M-948.00K
IssuanceOfDebt0.00103.38M27.61M0.00
IssuanceOfCapitalStock23.53M18.16M101.17M0.00
CapitalExpenditure-380.00K-7.97M-9.82M-9.57M
InterestPaidSupplementalData10.86M12.55M4.93M2.45M
EndCashPosition39.46M136.15M171.22M188.00M
BeginningCashPosition136.15M171.22M188.00M116.05M
EffectOfExchangeRateChanges-1.00K2.00K-1.00K-1.00K
ChangesInCash-96.69M-35.07M-16.79M71.95M
FinancingCashFlow-90.37M71.70M129.60M1.18M
CashFlowFromContinuingFinancingActivities-90.37M71.70M129.60M1.18M
NetOtherFinancingCharges13.52M
ProceedsFromStockOptionExercised487.00K3.03M2.73M2.13M
NetCommonStockIssuance23.53M18.16M101.17M0.00
CommonStockIssuance23.53M18.16M101.17M0.00
NetIssuancePaymentsOfDebt-127.91M50.52M25.70M-948.00K
NetLongTermDebtIssuance-127.91M50.52M25.70M-948.00K
LongTermDebtPayments-127.91M-52.86M-1.91M-948.00K
LongTermDebtIssuance0.00103.38M27.61M0.00
InvestingCashFlow142.29M10.58M82.43M64.09M
CashFlowFromContinuingInvestingActivities142.29M10.58M82.43M64.09M
NetOtherInvestingChanges1.40M
NetInvestmentPurchaseAndSale0.0018.56M92.25M73.65M
SaleOfInvestment0.0022.98M140.47M169.62M
PurchaseOfInvestment0.00-4.43M-48.22M-95.97M
NetBusinessPurchaseAndSale141.27M0.000.00
SaleOfBusiness141.27M0.000.00
NetPPEPurchaseAndSale-380.00K-7.97M-9.82M-9.57M
PurchaseOfPPE-380.00K-7.97M-9.82M-9.57M
OperatingCashFlow-148.61M-117.35M-228.82M6.69M
CashFlowFromContinuingOperatingActivities-148.61M-117.35M-228.82M6.69M
ChangeInWorkingCapital-65.51M-58.98M-18.39M41.53M
ChangeInOtherWorkingCapital-4.12M6.41M-7.13M-4.36M
ChangeInOtherCurrentLiabilities-6.34M-2.20M-4.20M-3.55M
ChangeInPayablesAndAccruedExpense-28.84M4.26M5.54M52.39M
ChangeInAccruedExpense-25.90M15.84M3.34M43.02M
ChangeInPayable-2.94M-11.58M2.20M9.36M
ChangeInAccountPayable-2.94M-11.58M2.20M9.36M
ChangeInPrepaidAssets987.00K-29.12M-12.60M-12.34M
ChangeInInventory-33.80M-29.65M0.000.00
ChangeInReceivables6.61M-8.67M0.009.39M
ChangesInAccountReceivables-2.07M0.000.009.39M
OtherNonCashItems10.64M15.17M6.93M4.07M
StockBasedCompensation20.97M34.10M25.48M20.22M
AssetImpairmentCharge3.27M0.000.00
AmortizationOfSecurities0.00-236.00K688.00K498.00K
DepreciationAmortizationDepletion5.47M6.24M6.63M5.95M
DepreciationAndAmortization5.47M6.24M6.63M5.95M
Depreciation5.47M6.24M6.63M
OperatingGainsLosses-123.58M71.00K
GainLossOnInvestmentSecurities-546.00K-1.55M
GainLossOnSaleOfPPE317.00K0.000.000.00
GainLossOnSaleOfBusiness-146.71M0.000.00
NetIncomeFromContinuingOperations136.00K-113.72M-250.16M-65.58M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for MCRB
Date User Asset Broker Type Position Size Entry Price Patterns