Seer (NASDAQ:SEER) Trading 1.4% Higher - Here's What Happened

Seer, Inc. (NASDAQ:SEER - Get Free Report) traded up 1.4% during mid-day trading on Friday . The company traded as high as $2.28 and last traded at $2.24. 56,239 shares were traded during trading, a decline of 80% from the average session volume of 280,900 shares. The stock had previously closed at $2.21.

Seer Stock Up 1.4%

The stock's 50 day moving average price is $2.05 and its 200-day moving average price is $2.11. The stock has a market capitalization of $131.93 million, a P/E ratio of -1.59 and a beta of 1.57.

Seer (NASDAQ:SEER - Get Free Report) last posted its earnings results on Tuesday, May 13th. The company reported ($0.34) EPS for the quarter, beating analysts' consensus estimates of ($0.37) by $0.03. Seer had a negative net margin of 560.90% and a negative return on equity of 24.69%. The company had revenue of $4.21 million during the quarter, compared to analysts' expectations of $3.25 million. Analysts anticipate that Seer, Inc. will post -1.42 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Dipchand Nishar sold 30,253 shares of the stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $2.08, for a total transaction of $62,926.24. Following the completion of the sale, the director owned 49,204 shares of the company's stock, valued at $102,344.32. This represents a 38.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 11.28% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Corient Private Wealth LLC raised its holdings in shares of Seer by 66.0% in the fourth quarter. Corient Private Wealth LLC now owns 33,200 shares of the company's stock worth $77,000 after buying an additional 13,200 shares during the last quarter. Schonfeld Strategic Advisors LLC purchased a new position in shares of Seer in the fourth quarter worth $103,000. OMERS ADMINISTRATION Corp purchased a new position in shares of Seer in the fourth quarter worth $114,000. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Seer in the fourth quarter worth $179,000. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Seer by 51.6% in the first quarter. Goldman Sachs Group Inc. now owns 170,897 shares of the company's stock worth $289,000 after buying an additional 58,173 shares during the last quarter. Hedge funds and other institutional investors own 75.20% of the company's stock.

About Seer

Seer, Inc, a life sciences company, engages in developing and commercializing products to decode the biology of the proteome. It develops Proteograph Product Suite, an integrated solution that includes proprietary engineered nanoparticles, consumables, automation instrumentation, and software to perform proteomic analysis to provide a solution that can be incorporated by nearly any lab for research use only.

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