Seer (NASDAQ:SEER – Get Rating) is set to announce its earnings results after the market closes on Wednesday, May 4th. Analysts expect the company to announce earnings of ($0.41) per share for the quarter. Seer has set its FY 2022 guidance at EPS.Individual that are interested in registering for the company’s earnings conference call can do so using this link.
Seer (NASDAQ:SEER – Get Rating) last announced its quarterly earnings results on Monday, February 28th. The company reported ($0.32) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.34) by $0.02. The company had revenue of $3.10 million during the quarter, compared to analyst estimates of $2.23 million. The firm’s revenue for the quarter was up 933.3% compared to the same quarter last year. During the same quarter last year, the business earned ($0.54) EPS. On average, analysts expect Seer to post $-2 EPS for the current fiscal year and $-1 EPS for the next fiscal year.
SEER stock opened at $7.99 on Wednesday. The company has a market cap of $493.05 million, a price-to-earnings ratio of -6.89 and a beta of 2.50. The business has a fifty day simple moving average of $13.00 and a 200-day simple moving average of $20.38. Seer has a 52 week low of $7.97 and a 52 week high of $54.63.
In other news, COO Omead Ostadan sold 52,042 shares of Seer stock in a transaction that occurred on Wednesday, April 20th. The shares were sold at an average price of $10.18, for a total transaction of $529,787.56. Following the sale, the chief operating officer now owns 384,080 shares in the company, valued at $3,909,934.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO David R. Horn sold 2,944 shares of the business’s stock in a transaction on Wednesday, February 2nd. The stock was sold at an average price of $17.40, for a total transaction of $51,225.60. The disclosure for this sale can be found here. 28.87% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently modified their holdings of SEER. State Street Corp boosted its position in Seer by 48.2% in the 4th quarter. State Street Corp now owns 1,059,546 shares of the company’s stock valued at $24,168,000 after buying an additional 344,822 shares during the last quarter. Morgan Stanley boosted its holdings in Seer by 28.3% in the second quarter. Morgan Stanley now owns 666,471 shares of the company’s stock valued at $21,847,000 after purchasing an additional 147,023 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Seer by 222.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 166,635 shares of the company’s stock valued at $5,754,000 after purchasing an additional 115,025 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in Seer during the 4th quarter worth approximately $1,807,000. Finally, Renaissance Technologies LLC purchased a new stake in Seer during the 4th quarter worth approximately $1,747,000. Hedge funds and other institutional investors own 91.80% of the company’s stock.
About Seer (Get Rating)
Seer, Inc, a life sciences company, engages in developing and commercializing products to decode the secrets of the proteome. It develops Proteograph Product Suite, an integrated solution that comprises consumables, an automation instrumentation, and software that allows researchers to conduct proteomic studies in therapeutic and diagnostic research, and clinical trials.
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