Geron Corp. (GERN) Stock Price Down 2.2%
Geron Corp. (NASDAQ:GERN) shares were down 2.2% on Tuesday . The stock traded as low as $2.69 and last traded at $2.69, with a volume of 817,574 shares traded. The stock had previously closed at $2.75.
Several research analysts recently weighed in on GERN shares. FBR & Co reiterated a “buy” rating on shares of Geron Corp. in a research report on Sunday, May 8th. Zacks Investment Research lowered Geron Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, May 10th. Two analysts have rated the stock with a sell rating and five have issued a buy rating to the stock. Geron Corp. presently has an average rating of “Hold” and an average price target of $6.13.
The company has a 50-day moving average of $2.78 and a 200-day moving average of $3.00. The stock has a market capitalization of $429.19 million and a price-to-earnings ratio of 900.00.
Geron Corp. (NASDAQ:GERN) last issued its quarterly earnings results on Thursday, May 5th. The biopharmaceutical company reported ($0.06) EPS for the quarter, hitting the consensus estimate of ($0.06). During the same period in the previous year, the business posted ($0.06) EPS. The company had revenue of $0.74 million for the quarter, compared to the consensus estimate of $0.26 million. The business’s revenue for the quarter was up 37.0% on a year-over-year basis. Equities research analysts predict that Geron Corp. will post ($0.26) EPS for the current year.
Other institutional investors recently modified their holdings of the company. American Century Companies Inc. boosted its position in shares of Geron Corp. by 22.6% in the fourth quarter. American Century Companies Inc. now owns 687,621 shares of the biopharmaceutical company’s stock valued at $3,328,000 after buying an additional 126,770 shares during the last quarter. California State Teachers Retirement System boosted its position in shares of Geron Corp. by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 292,950 shares of the biopharmaceutical company’s stock valued at $1,418,000 after buying an additional 5,223 shares during the last quarter. EAM Investors LLC bought a new position in shares of Geron Corp. during the fourth quarter valued at approximately $1,317,000. Morgan Stanley boosted its position in shares of Geron Corp. by 194.2% in the fourth quarter. Morgan Stanley now owns 268,626 shares of the biopharmaceutical company’s stock valued at $1,300,000 after buying an additional 177,313 shares during the last quarter. Finally, Russell Frank Co bought a new position in shares of Geron Corp. during the fourth quarter valued at approximately $1,099,000.
Geron Corporation (Geron) is a biopharmaceutical company, which supports the clinical stage development of a telomerase inhibitor, Imetelstat, in hematologic myeloid malignancies by Janssen Biotech, Inc (Janssen). The Company operates through the segment, which includes discovery and development of therapeutic products for oncology.
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