Seer (NASDAQ:SEER) Announces Earnings Results, Beats Estimates By $0.01 EPS

Seer (NASDAQ:SEER) announced its quarterly earnings data on Thursday. The company reported ($0.32) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.33) by $0.01, FiscalAI reports. Seer had a negative net margin of 506.15% and a negative return on equity of 25.10%. The company had revenue of $4.12 million during the quarter, compared to analysts’ expectations of $4.00 million. Seer updated its FY 2025 guidance to EPS.

Seer Stock Down 4.2%

NASDAQ:SEER traded down $0.09 on Friday, hitting $2.07. The stock had a trading volume of 242,829 shares, compared to its average volume of 198,637. The company has a fifty day moving average price of $2.17 and a two-hundred day moving average price of $2.11. Seer has a 1-year low of $1.62 and a 1-year high of $2.63. The stock has a market cap of $116.62 million, a price-to-earnings ratio of -1.49 and a beta of 1.59.

Insider Activity at Seer

In related news, CEO Omid Farokhzad sold 33,992 shares of the company’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $2.04, for a total value of $69,343.68. Following the transaction, the chief executive officer directly owned 1,272,068 shares in the company, valued at approximately $2,595,018.72. This represents a 2.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 11.28% of the company’s stock.

Institutional Investors Weigh In On Seer

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SEER. XTX Topco Ltd acquired a new position in shares of Seer in the 2nd quarter valued at $172,000. Vanguard Group Inc. increased its position in shares of Seer by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 2,221,404 shares of the company’s stock worth $4,820,000 after purchasing an additional 18,760 shares during the last quarter. Bridgeway Capital Management LLC raised its holdings in Seer by 15.5% in the 2nd quarter. Bridgeway Capital Management LLC now owns 837,443 shares of the company’s stock valued at $1,792,000 after buying an additional 112,100 shares during the period. Geode Capital Management LLC raised its holdings in Seer by 16.5% in the 2nd quarter. Geode Capital Management LLC now owns 509,727 shares of the company’s stock valued at $1,091,000 after buying an additional 72,265 shares during the period. Finally, Jane Street Group LLC lifted its position in Seer by 33.3% in the first quarter. Jane Street Group LLC now owns 254,174 shares of the company’s stock valued at $430,000 after buying an additional 63,432 shares during the last quarter. Institutional investors and hedge funds own 75.20% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Seer in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

Seer Company Profile

Seer, Inc, a life sciences company, engages in developing and commercializing products to decode the biology of the proteome. It develops Proteograph Product Suite, an integrated solution that includes proprietary engineered nanoparticles, consumables, automation instrumentation, and software to perform proteomic analysis to provide a solution that can be incorporated by nearly any lab for research use only.