Key Points
- Seer CFO David Horn sold 7,309 shares at an average price of $2.03, generating approximately $14,837. He retained 486,650 shares after the transaction, reducing his position by 1.48%.
- Seer’s latest quarterly results fell short of expectations, with an adjusted loss of $0.31 per share versus the $0.27 consensus estimate and revenue of $3.10 million versus $3.55 million expected.
- The stock opened at $2.05, while analysts maintained a consensus “Buy” rating and a $4.00 price target. Institutional investors own approximately 75.2% of Seer’s outstanding shares.
Seer, Inc. (NASDAQ:SEER - Get Free Report) CFO David Horn sold 7,309 shares of the firm's stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $2.03, for a total value of $14,837.27. Following the completion of the transaction, the chief financial officer owned 486,650 shares of the company's stock, valued at approximately $987,899.50. The trade was a 1.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Seer Stock Up 1.5%
Shares of SEER stock opened at $2.05 on Thursday. The stock has a market cap of $112.71 million, a price-to-earnings ratio of -1.68 and a beta of 1.56. The business's fifty day moving average is $1.98 and its 200 day moving average is $1.89. Seer, Inc. has a twelve month low of $1.55 and a twelve month high of $2.41.
Seer (NASDAQ:SEER - Get Free Report) last posted its quarterly earnings data on Tuesday, August 11th. The company reported ($0.31) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.27) by ($0.04). The firm had revenue of $3.10 million during the quarter, compared to the consensus estimate of $3.55 million. Seer had a negative return on equity of 27.23% and a negative net margin of 478.05%.
Hedge Funds Weigh In On Seer
Institutional investors and hedge funds have recently modified their holdings of the stock. Occudo Quantitative Strategies LP purchased a new stake in Seer during the 2nd quarter valued at about $25,000. Marshall Wace LLP purchased a new stake in Seer during the 4th quarter valued at $85,000. Quadrature Capital Ltd bought a new stake in shares of Seer during the 4th quarter valued at about $101,000. Marquette Asset Management LLC purchased a new stake in Seer during the second quarter valued at approximately $103,000. Finally, Barclays PLC raised its holdings in Seer by 685.0% in the 4th quarter. Barclays PLC now owns 60,717 shares of the company's stock worth $111,000 after purchasing an additional 52,982 shares during the period. 75.20% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several research analysts recently issued reports on SEER shares. Canaccord Genuity Group assumed coverage on shares of Seer in a research note on Monday, May 4th. They issued a "buy" rating and a $4.00 price target for the company. Weiss Ratings reissued a "sell (d-)" rating on shares of Seer in a research note on Friday, July 17th. Two analysts have rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $4.00.
View Our Latest Stock Report on SEER
Seer Company Profile
(
Get Free Report)
Seer, Inc is a life sciences company focused on pioneering next-generation proteomics, the large-scale study of proteins and their functions in complex biological systems. By leveraging proprietary nanoparticle-based technology, Seer's platform enables high-throughput, unbiased protein analysis from biological samples, addressing a critical bottleneck in drug discovery, biomarker research and precision medicine.
The company's flagship Proteograph Product Suite combines engineered nanoparticle assays with advanced mass spectrometry and bioinformatics pipelines to deliver deep proteomic coverage in a scalable workflow.
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