Geron Corp. (GERN) Shares Up 4.2%
Geron Corp. (NASDAQ:GERN)’s share price shot up 4.2% on Wednesday . The stock traded as high as $2.75 and last traded at $2.75, with a volume of 1,494,136 shares changing hands. The stock had previously closed at $2.64.
Several research firms recently weighed in on GERN. Zacks Investment Research downgraded Geron Corp. from a “buy” rating to a “hold” rating in a research report on Monday, April 25th. FBR & Co reiterated a “buy” rating on shares of Geron Corp. in a research report on Sunday, May 8th. Two equities research analysts have rated the stock with a sell rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $6.13.
The firm has a market cap of $437.14 million and a price-to-earnings ratio of 916.67. The company’s 50-day moving average is $2.69 and its 200 day moving average is $2.87.
Geron Corp. (NASDAQ:GERN) last announced its quarterly earnings results on Thursday, May 5th. The biopharmaceutical company reported ($0.06) earnings per share for the quarter, hitting the consensus estimate of ($0.06). The company had revenue of $0.74 million for the quarter, compared to analyst estimates of $0.26 million. Geron Corp.’s revenue for the quarter was up 37.0% on a year-over-year basis. During the same period in the prior year, the business posted ($0.06) earnings per share. Analysts predict that Geron Corp. will post ($0.26) EPS for the current fiscal year.
Other large investors have recently bought and sold shares of the company. Morgan Stanley raised its stake in 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. California State Teachers Retirement System raised 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 worth $1,418,000 after buying an additional 5,223 shares in the last quarter. Finally, Russell Frank Co bought a new position in shares of Geron Corp. during the fourth quarter worth $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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