Seer Target of Unusually Large Options Trading (NASDAQ:SEER)

Seer, Inc. (NASDAQ:SEER) was the target of some unusual options trading activity on Monday. Traders bought 4,887 call options on the company. This is an increase of approximately 9,674% compared to the average volume of 50 call options.

Institutional Investors Weigh In On Seer

Several institutional investors have recently added to or reduced their stakes in the business. Occudo Quantitative Strategies LP purchased a new stake in shares of Seer during the second quarter worth about $25,000. Marshall Wace LLP acquired a new stake in Seer in the 4th quarter worth approximately $85,000. Quadrature Capital Ltd purchased a new stake in Seer during the 4th quarter worth approximately $101,000. Barclays PLC increased its stake in Seer by 685.0% during the 4th quarter. Barclays PLC now owns 60,717 shares of the company’s stock valued at $111,000 after purchasing an additional 52,982 shares in the last quarter. Finally, Corient Private Wealth LLC increased its stake in Seer by 46.3% during the 2nd quarter. Corient Private Wealth LLC now owns 63,200 shares of the company’s stock valued at $135,000 after purchasing an additional 20,000 shares in the last quarter. Institutional investors and hedge funds own 75.20% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Canaccord Genuity Group began coverage on shares of Seer in a research report on Monday, May 4th. They issued a “buy” rating and a $4.00 price target for the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Seer in a report on Tuesday, April 21st. Finally, TD Cowen raised shares of Seer to a “strong-buy” rating in a report on Monday, April 13th. Two investment analysts have rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $4.00.

Seer Trading Up 39.2%

Shares of SEER stock traded up $0.64 during trading hours on Monday, reaching $2.25. 22,081,452 shares of the company’s stock were exchanged, compared to its average volume of 532,503. Seer has a fifty-two week low of $1.55 and a fifty-two week high of $2.41. The stock’s 50 day moving average is $1.78 and its 200-day moving average is $1.83. The company has a market cap of $123.98 million, a price-to-earnings ratio of -1.82 and a beta of 1.59.

Seer (NASDAQ:SEER) last posted its quarterly earnings data on Wednesday, May 13th. The company reported ($0.30) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.30). Seer had a negative return on equity of 26.58% and a negative net margin of 464.78%.The firm had revenue of $2.79 million during the quarter, compared to analysts’ expectations of $3.60 million.

About Seer

Seer, Inc is a life sciences company focused on pioneering next-generation proteomics, the large-scale study of proteins and their functions in complex biological systems. By leveraging proprietary nanoparticle-based technology, Seer’s platform enables high-throughput, unbiased protein analysis from biological samples, addressing a critical bottleneck in drug discovery, biomarker research and precision medicine.

The company’s flagship Proteograph Product Suite combines engineered nanoparticle assays with advanced mass spectrometry and bioinformatics pipelines to deliver deep proteomic coverage in a scalable workflow.