Seer (NASDAQ:SEER) Rating Increased to Strong-Buy at Canaccord Genuity Group

Seer (NASDAQ:SEER) was upgraded by investment analysts at Canaccord Genuity Group to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other analysts also recently issued reports on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Seer in a research report on Tuesday, April 21st. TD Cowen upgraded shares of Seer to a “strong-buy” rating in a research report on Monday, April 13th. Two research analysts have rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $4.00.

Seer Price Performance

Shares of SEER stock opened at $1.86 on Monday. Seer has a 1 year low of $1.65 and a 1 year high of $2.41. The stock’s 50 day simple moving average is $1.83 and its two-hundred day simple moving average is $1.91. The company has a market cap of $104.94 million, a PE ratio of -1.45 and a beta of 1.63.

Seer (NASDAQ:SEER) last posted its quarterly earnings data on Thursday, February 26th. The company reported ($0.29) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.32) by $0.03. The business had revenue of $4.20 million during the quarter, compared to analyst estimates of $4.60 million. Seer had a negative return on equity of 26.04% and a negative net margin of 443.96%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of SEER. Vanguard Group Inc. grew its stake in shares of Seer by 0.9% during the third quarter. Vanguard Group Inc. now owns 2,221,404 shares of the company’s stock valued at $4,820,000 after buying an additional 18,760 shares during the last quarter. Bridgeway Capital Management LLC lifted its stake in shares of Seer by 15.5% during the 2nd quarter. Bridgeway Capital Management LLC now owns 837,443 shares of the company’s stock worth $1,792,000 after acquiring an additional 112,100 shares during the last quarter. Nano Cap New Millennium Growth Fund L P bought a new stake in shares of Seer during the 4th quarter worth approximately $1,510,000. Geode Capital Management LLC boosted its holdings in 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 period. Finally, Jane Street Group LLC boosted its holdings in Seer by 33.3% during the 1st quarter. Jane Street Group LLC now owns 254,174 shares of the company’s stock valued at $430,000 after acquiring an additional 63,432 shares during the period. Hedge funds and other institutional investors own 75.20% of the company’s stock.

Seer Company Profile

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.