Seer, Inc. (NASDAQ:SEER) major shareholder Growth Fund Limited Part Amoon sold 835,278 shares of the business's stock in a transaction that occurred on Wednesday, June 9th. The shares were sold at an average price of $30.00, for a total value of $25,058,340.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own 10% or more of a company's stock are required to disclose their transactions with the SEC.
Shares of Seer stock opened at $33.77 on Friday. Seer, Inc. has a 12-month low of $26.48 and a 12-month high of $86.55. The business's 50 day moving average is $41.02. The company has a market cap of $2.07 billion and a PE ratio of -13.62.
Seer (NASDAQ:SEER) last posted its quarterly earnings results on Monday, May 10th. The company reported ($0.27) earnings per share for the quarter, missing analysts' consensus estimates of ($0.19) by ($0.08). The company had revenue of $0.06 million during the quarter. During the same period in the previous year, the firm posted ($0.61) EPS. The company's revenue for the quarter was down 65.0% compared to the same quarter last year. On average, sell-side analysts expect that Seer, Inc. will post -1.08 earnings per share for the current year.
A number of equities research analysts have recently issued reports on the company. Morgan Stanley dropped their price objective on Seer from $60.00 to $55.00 and set an "equal weight" rating on the stock in a research note on Wednesday, May 12th. Zacks Investment Research cut Seer from a "hold" rating to a "sell" rating in a research note on Tuesday, May 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The company has an average rating of "Hold" and an average target price of $66.33.
A number of institutional investors and hedge funds have recently bought and sold shares of SEER. SG Americas Securities LLC bought a new stake in Seer in the 4th quarter valued at $578,000. BlackRock Inc. acquired a new position in Seer in the 4th quarter valued at $3,072,000. Jennison Associates LLC acquired a new position in Seer in the 4th quarter valued at $9,296,000. Primecap Management Co. CA acquired a new position in Seer in the 4th quarter valued at $4,306,000. Finally, New York State Common Retirement Fund acquired a new position in Seer in the 4th quarter valued at $283,000. Institutional investors and hedge funds own 69.97% of the company's stock.
Seer, Inc, a life sciences company, engages in developing and commercializing products for researchers to unlock biological information. The company develops Proteograph Product Suite, an integrated solution that comprises consumables, an automation instrumentation, and software that provides workflow to make proteomic profiling, and the analysis of the samples needed to characterize the nature of the proteome.
Further Reading: How to Use the MarketBeat Retirement Calculator
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Featured Article: What is an Initial Coin Offering (ICO)?7 Stocks to Buy For the Gig Economy
Before the global pandemic, it was referred to as a side hustle—a way for some individuals to make a little extra money. However, as the pandemic has changed the nature of how we work, and as consumers how we spend, the gig economy has become an essential way of life for many workers.
There is much that’s not known about the long-term effects of the pandemic. But if there’s one lesson we learn from history, it’s that there will be ripple effects. We believe that society will get back to something resembling normal. However, what that normal looks like may be different.
Americans were becoming less social since before the pandemic. Now consumers have begun to realize there truly is no reason to leave their house to shop for anything. And while many crave physical connection during these times, there will be many that have changed their purchasing habits for good.
Other elements of the gig economy, such as ride-hailing and home rentals, were devastated due to the pandemic. Those businesses are likely to come back.
And that’s why companies that have created the gig economy aren’t going away anytime soon. In this special report, we’ll highlight several stocks that investors should consider as the gig economy moves forward.
View the "7 Stocks to Buy For the Gig Economy"