Cerus Target of Unusually High Options Trading (CERS)
Cerus Co. (NASDAQ:CERS) saw some unusual options trading on Monday. Traders acquired 924 put options on the stock. This represents an increase of 1,201% compared to the typical daily volume of 71 put options.
CERS stock opened at $5.30 on Wednesday. Cerus has a twelve month low of $3.35 and a twelve month high of $8.05. The stock has a market cap of $777.50 million, a P/E ratio of -9.46 and a beta of 1.54. The company has a debt-to-equity ratio of 0.26, a quick ratio of 3.17 and a current ratio of 3.48.
Cerus (NASDAQ:CERS) last released its earnings results on Thursday, November 1st. The biotechnology company reported ($0.11) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.11). Cerus had a negative return on equity of 68.90% and a negative net margin of 74.95%. The business had revenue of $15.40 million for the quarter, compared to the consensus estimate of $15.40 million. During the same period last year, the business earned ($0.12) earnings per share. The firm’s revenue for the quarter was up 42.6% compared to the same quarter last year. On average, sell-side analysts predict that Cerus will post -0.43 earnings per share for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC acquired a new stake in Cerus during the first quarter worth about $107,000. First Quadrant L P CA acquired a new stake in Cerus during the third quarter worth about $112,000. Advisory Services Network LLC acquired a new stake in Cerus during the second quarter worth about $130,000. Paloma Partners Management Co acquired a new stake in Cerus during the second quarter worth about $150,000. Finally, Xact Kapitalforvaltning AB acquired a new stake in Cerus during the second quarter worth about $183,000. 58.69% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts have recently issued reports on the company. BidaskClub downgraded Cerus from a “sell” rating to a “strong sell” rating in a research report on Friday, October 12th. Zacks Investment Research downgraded Cerus from a “buy” rating to a “hold” rating in a research report on Monday, August 6th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $9.00 price target on shares of Cerus in a research report on Thursday, August 2nd. Finally, Cowen set a $10.00 price target on Cerus and gave the company a “buy” rating in a research report on Friday, August 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $8.00.
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Cerus Company Profile
Cerus Corporation, a biomedical products company, focuses on developing and commercializing the INTERCEPT Blood System to enhance blood safety. Its INTERCEPT Blood System is based on its proprietary technology for controlling biological replication; and targets and inactivates blood-borne pathogens, such as viruses, bacteria, and parasites, as well as harmful white blood cells, while preserving the therapeutic properties of platelet, plasma, and red blood cell transfusion products.
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