Seer (NASDAQ:SEER) Issues Earnings Results

Seer (NASDAQ:SEER) released its quarterly earnings results on Thursday. The company reported ($0.32) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.33) by $0.01, FiscalAI reports. Seer had a negative return on equity of 25.10% and a negative net margin of 484.51%.The company had revenue of $4.12 million during the quarter, compared to analysts’ expectations of $4.00 million. Seer updated its FY 2025 guidance to EPS.

Seer Price Performance

Shares of SEER traded down $0.07 during midday trading on Friday, reaching $2.09. The stock had a trading volume of 252,759 shares, compared to its average volume of 87,300. The company has a market capitalization of $117.75 million, a P/E ratio of -1.54 and a beta of 1.59. The firm’s 50 day moving average price is $2.18 and its 200-day moving average price is $2.11. Seer has a 52 week low of $1.62 and a 52 week high of $2.63.

Insiders Place Their Bets

In related news, CEO Omid Farokhzad sold 33,992 shares of Seer stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $2.04, for a total transaction of $69,343.68. Following the transaction, the chief executive officer directly owned 1,272,068 shares of the company’s stock, valued at $2,595,018.72. The trade was a 2.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 11.28% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Seer

Several hedge funds have recently made changes to their positions in SEER. Goldman Sachs Group Inc. lifted its stake in Seer by 51.6% during the first quarter. Goldman Sachs Group Inc. now owns 170,897 shares of the company’s stock valued at $289,000 after purchasing an additional 58,173 shares during the last quarter. Jane Street Group LLC increased its holdings in shares of Seer by 33.3% in the first quarter. Jane Street Group LLC now owns 254,174 shares of the company’s stock valued at $430,000 after buying an additional 63,432 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Seer by 16.5% during the 2nd quarter. Geode Capital Management LLC now owns 509,727 shares of the company’s stock valued at $1,091,000 after acquiring an additional 72,265 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of Seer during the 2nd quarter worth $172,000. Finally, Occudo Quantitative Strategies LP acquired a new position in shares of Seer in the 2nd quarter worth $25,000. Institutional investors and hedge funds own 75.20% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Seer in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Seer currently has an average rating of “Sell”.

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.