Seer (NASDAQ:SEER) Trading Down 7.7%


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Shares of Seer, Inc. (NASDAQ:SEER) fell 7.7% on Tuesday . The stock traded as low as $50.65 and last traded at $52.97. 558,358 shares were traded during trading, an increase of 36% from the average session volume of 410,159 shares. The stock had previously closed at $57.42.

Several research firms recently weighed in on SEER. Morgan Stanley began coverage on Seer in a research note on Tuesday, December 29th. They set an “equal weight” rating and a $65.00 target price for the company. Cowen began coverage on Seer in a research note on Tuesday, December 29th. They set an “outperform” rating for the company. Bank of America began coverage on Seer in a research note on Tuesday, December 29th. They set a “neutral” rating and a $69.00 target price for the company. Finally, JPMorgan Chase & Co. began coverage on Seer in a research note on Tuesday, December 29th. They set an “overweight” rating and a $75.00 target price for the company.

The business’s 50 day moving average is $67.51.

In other news, Director Terrance Mcguire acquired 78,947 shares of Seer stock in a transaction on Tuesday, December 8th. The stock was bought at an average price of $19.00 per share, for a total transaction of $1,499,993.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Public Equities L.P. Invus acquired 790,000 shares of Seer stock in a transaction on Tuesday, December 8th. The stock was purchased at an average price of $19.00 per share, with a total value of $15,010,000.00. The disclosure for this purchase can be found here. In the last quarter, insiders sold 1,446,970 shares of company stock valued at $69,060,003.

Several large investors have recently added to or reduced their stakes in SEER. Emerald Advisers LLC acquired a new position in shares of Seer in the fourth quarter valued at approximately $1,361,000. Emerald Mutual Fund Advisers Trust acquired a new position in shares of Seer in the fourth quarter valued at approximately $1,466,000. SG Americas Securities LLC acquired a new position in shares of Seer in the fourth quarter valued at approximately $578,000. BlackRock Inc. acquired a new position in shares of Seer in the fourth quarter valued at approximately $3,072,000. Finally, Jennison Associates LLC acquired a new position in shares of Seer in the fourth quarter valued at approximately $9,296,000.

About Seer (NASDAQ:SEER)

Seer, Inc, a life sciences company, engages in developing nanoparticle technology solutions for researchers in the areas of proteomics information. The company develops Proteograph, an integrated solution comprising consumables, automation instrumentation, and proprietary software that performs proteomics analysis.

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