Geron Corp. (GERN) Trading Down 2.5%
Geron Corp. (NASDAQ:GERN)’s share price traded down 2.5% on Thursday . The stock traded as low as $2.66 and last traded at $2.71, with a volume of 1,031,790 shares trading hands. The stock had previously closed at $2.78.
Several equities analysts have recently weighed in on the company. FBR & Co reaffirmed a “buy” rating on shares of Geron Corp. in a research note on Sunday, May 8th. Zacks Investment Research lowered Geron Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, May 10th. Two analysts have rated the stock with a sell rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $6.13.
The company has a market cap of $430.78 million and a PE ratio of 903.33. The company has a 50-day moving average of $2.68 and a 200-day moving average of $2.84.
Geron Corp. (NASDAQ:GERN) last announced its earnings results on Wednesday, August 3rd. The biopharmaceutical company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.02. The company had revenue of $0.21 million for the quarter, compared to analysts’ expectations of $0.38 million. During the same period in the prior year, the company earned ($0.06) earnings per share. The company’s revenue for the quarter was down 15.9% on a year-over-year basis. On average, equities research analysts predict that Geron Corp. will post ($0.24) earnings per share for the current fiscal year.
Several large investors recently made changes to their positions in the stock. Russell Frank Co bought a new stake in shares of Geron Corp. during the fourth quarter valued at approximately $1,099,000. Morgan Stanley increased its stake 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 in the last quarter. Finally, California State Teachers Retirement System increased its stake 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 in the last quarter.
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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