Seer (NASDAQ:SEER) Shares Down 10%

Seer, Inc. (NASDAQ:SEER)’s stock price was down 10% during trading on Thursday . The stock traded as low as $18.42 and last traded at $18.45. Approximately 8,344 shares traded hands during trading, a decline of 98% from the average daily volume of 516,812 shares. The stock had previously closed at $20.50.

Several equities research analysts have issued reports on SEER shares. Cowen started coverage on shares of Seer in a report on Friday, October 15th. They issued an “outperform” rating on the stock. Zacks Investment Research raised shares of Seer from a “sell” rating to a “hold” rating in a report on Wednesday.

The company’s fifty day moving average price is $24.05 and its two-hundred day moving average price is $30.81. The firm has a market cap of $1.21 billion and a P/E ratio of -14.20.

Seer (NASDAQ:SEER) last posted its earnings results on Tuesday, November 9th. The company reported ($0.30) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.29) by ($0.01). The firm had revenue of $2.16 million for the quarter, compared to analyst estimates of $1.33 million. As a group, sell-side analysts forecast that Seer, Inc. will post -1.19 EPS for the current fiscal year.

In other Seer news, COO Omead Ostadan sold 20,000 shares of the company’s stock in a transaction dated Monday, November 15th. The shares were sold at an average price of $30.50, for a total transaction of $610,000.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO David R. Horn sold 10,000 shares of the company’s stock in a transaction dated Monday, November 1st. The shares were sold at an average price of $37.78, for a total transaction of $377,800.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 76,273 shares of company stock worth $1,982,091. Insiders own 28.87% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. Sei Investments Co. raised its position in shares of Seer by 4.8% in the 2nd quarter. Sei Investments Co. now owns 10,241 shares of the company’s stock valued at $336,000 after acquiring an additional 467 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Seer by 7.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,570 shares of the company’s stock worth $281,000 after buying an additional 559 shares during the period. Bank of New York Mellon Corp raised its holdings in Seer by 1.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 51,610 shares of the company’s stock worth $1,692,000 after buying an additional 652 shares during the period. Woodline Partners LP raised its holdings in Seer by 0.6% during the 2nd quarter. Woodline Partners LP now owns 214,461 shares of the company’s stock worth $7,030,000 after buying an additional 1,310 shares during the period. Finally, Advisor Group Holdings Inc. raised its holdings in Seer by 284.5% during the 2nd quarter. Advisor Group Holdings Inc. now owns 2,749 shares of the company’s stock worth $90,000 after buying an additional 2,034 shares during the period. Institutional investors and hedge funds own 84.71% of the company’s stock.

About Seer (NASDAQ:SEER)

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.

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