Precigen (NASDAQ:PGEN - Get Free Report) posted its quarterly earnings results on Tuesday. The biotechnology company reported ($0.11) EPS for the quarter, topping analysts' consensus estimates of ($0.14) by $0.03, Zacks reports. Precigen had a negative return on equity of 279.20% and a negative net margin of 3,728.87%.
Precigen Stock Performance
NASDAQ:PGEN traded up $0.06 during trading hours on Tuesday, reaching $1.80. The stock had a trading volume of 2,245,829 shares, compared to its average volume of 2,003,204. The stock has a 50 day simple moving average of $1.62 and a 200 day simple moving average of $1.58. Precigen has a 12-month low of $0.65 and a 12-month high of $2.17. The stock has a market cap of $531.32 million, a P/E ratio of -3.21 and a beta of 1.87.
Institutional Trading of Precigen
A number of large investors have recently bought and sold shares of PGEN. Geode Capital Management LLC boosted its stake in Precigen by 7.7% during the second quarter. Geode Capital Management LLC now owns 3,749,182 shares of the biotechnology company's stock valued at $5,325,000 after buying an additional 269,580 shares during the period. Rhumbline Advisers increased its holdings in Precigen by 3.7% during the 2nd quarter. Rhumbline Advisers now owns 198,078 shares of the biotechnology company's stock valued at $281,000 after purchasing an additional 7,041 shares during the period. XTX Topco Ltd bought a new position in Precigen during the 2nd quarter valued at approximately $190,000. Creative Planning raised its position in Precigen by 127.8% during the 2nd quarter. Creative Planning now owns 94,291 shares of the biotechnology company's stock valued at $134,000 after purchasing an additional 52,901 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Precigen by 12.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 81,610 shares of the biotechnology company's stock valued at $122,000 after purchasing an additional 9,043 shares during the last quarter. 33.51% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
PGEN has been the topic of a number of research reports. JMP Securities restated a "market outperform" rating and set a $6.00 price objective on shares of Precigen in a research report on Thursday, June 12th. Cantor Fitzgerald reaffirmed an "overweight" rating on shares of Precigen in a research note on Thursday, May 15th. Finally, Wall Street Zen upgraded Precigen from a "sell" rating to a "hold" rating in a report on Saturday, July 12th.
Read Our Latest Report on PGEN
Precigen Company Profile
(
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Precigen, Inc operates as a discovery and clinical-stage biopharmaceutical company that develops gene and cell therapies using precision technology to target diseases in therapeutic areas of immuno-oncology, autoimmune disorders, and infectious diseases. It operates through two segments, Biopharmaceuticals and Exemplar.
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