Tejara Capital Ltd Takes $8.47 Million Position in Certara, Inc. $CERT

Key Points

• Tejara Capital acquired 1.29 million Certara shares worth approximately $8.47 million, representing about 0.85% of the company and 3.5% of Tejara’s portfolio.
• Institutional investors own 73.96% of Certara, while analyst sentiment is broadly neutral: the stock has an average “Hold” rating and an average price target of $8.28.
• Certara reported quarterly revenue of $93.27 million, below the $98.09 million consensus estimate, while EPS of $0.08 also missed expectations; revenue declined 10.8% year over year.

Tejara Capital Ltd bought a new position in shares of Certara, Inc. (NASDAQ:CERT - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,292,721 shares of the company's stock, valued at approximately $8,467,000. Certara accounts for 3.5% of Tejara Capital Ltd's investment portfolio, making the stock its 9th biggest position. Tejara Capital Ltd owned about 0.85% of Certara at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Osaic Holdings Inc. grew its position in shares of Certara by 50.7% during the 2nd quarter. Osaic Holdings Inc. now owns 3,491 shares of the company's stock valued at $41,000 after purchasing an additional 1,175 shares in the last quarter. Corient Private Wealth LLC boosted its stake in Certara by 11.7% in the second quarter. Corient Private Wealth LLC now owns 12,362 shares of the company's stock worth $144,000 after buying an additional 1,295 shares in the last quarter. Central Pacific Bank Trust Division grew its position in Certara by 8.7% during the second quarter. Central Pacific Bank Trust Division now owns 19,460 shares of the company's stock valued at $127,000 after acquiring an additional 1,558 shares during the last quarter. Treasurer of the State of North Carolina grew its position in Certara by 2.9% during the second quarter. Treasurer of the State of North Carolina now owns 56,628 shares of the company's stock valued at $663,000 after acquiring an additional 1,597 shares during the last quarter. Finally, Nicolet Advisory Services LLC raised its stake in shares of Certara by 7.4% during the third quarter. Nicolet Advisory Services LLC now owns 30,608 shares of the company's stock worth $396,000 after acquiring an additional 2,100 shares in the last quarter. 73.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CERT. Barclays upped their price objective on shares of Certara from $6.50 to $7.50 and gave the company an "equal weight" rating in a research note on Wednesday, August 5th. BMO Capital Markets lowered their price target on shares of Certara from $7.00 to $6.00 and set a "market perform" rating for the company in a research note on Tuesday, May 12th. Craig Hallum cut their price target on shares of Certara from $10.00 to $8.00 and set a "hold" rating for the company in a research report on Tuesday, May 12th. Robert W. Baird reduced their price objective on Certara from $7.00 to $6.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 12th. Finally, Stephens decreased their price objective on Certara from $10.00 to $9.00 and set an "overweight" rating on the stock in a report on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $8.28.

Certara Stock Up 4.4%

CERT stock opened at $8.73 on Friday. The business's 50 day moving average price is $7.05 and its two-hundred day moving average price is $6.44. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.55 and a current ratio of 2.55. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of -19.40 and a beta of 1.44. Certara, Inc. has a fifty-two week low of $4.45 and a fifty-two week high of $13.88.

Certara (NASDAQ:CERT - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.01). Certara had a negative net margin of 16.75% and a positive return on equity of 3.86%. The firm had revenue of $93.27 million for the quarter, compared to analysts' expectations of $98.09 million. During the same period in the prior year, the business posted $0.07 EPS. The business's quarterly revenue was down 10.8% compared to the same quarter last year. As a group, analysts forecast that Certara, Inc. will post 0.22 earnings per share for the current fiscal year.

Certara Profile

Certara is a biosimulation software and services company that partners with pharmaceutical, biotechnology and medical device developers to accelerate drug discovery, development and regulatory approval. The company's platform integrates quantitative pharmacology, real-world evidence, artificial intelligence and machine learning to model and simulate drug behavior across a range of therapeutic areas and patient populations. By applying these mechanistic and data-driven approaches, Certara helps its clients predict clinical outcomes, optimize dosing strategies and streamline decision-making throughout the product lifecycle.

The company's offerings are divided into software tools and consulting services.

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