Insider Selling: Olivia Kyusuk Bloom Sells 3,379 Shares of Geron Stock (GERN)
Geron (NASDAQ:GERN) CFO Olivia Kyusuk Bloom unloaded 3,379 shares of the company’s stock on the open market in a transaction dated Thursday, May 29th. The stock was sold at an average price of $2.10, for a total transaction of $7,095.90. Following the completion of the transaction, the chief financial officer now directly owns 81,968 shares in the company, valued at approximately $172,133. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Geron (NASDAQ:GERN) traded down 1.89% during mid-day trading on Friday, hitting $2.08. 2,891,681 shares of the company’s stock traded hands. Geron has a one year low of $1.06 and a one year high of $7.79. The stock’s 50-day moving average is $1.94 and its 200-day moving average is $3.76. The company’s market cap is $326.4 million.
Geron (NASDAQ:GERN) last posted its quarterly earnings results on Thursday, May 1st. The company reported ($0.06) earnings per share for the quarter, meeting the analysts’ consensus estimate of ($0.06). The company had revenue of $0.47 million for the quarter, compared to the consensus estimate of $0.35 million. During the same quarter last year, the company posted ($0.09) earnings per share. Geron’s revenue was down 38.0% compared to the same quarter last year. Analysts expect that Geron will post $-0.25 EPS for the current fiscal year.
A number of research firms have recently commented on GERN. Analysts at Zacks reiterated a “neutral” rating on shares of Geron in a research note on Tuesday. They now have a $2.25 price target on the stock. Finally, analysts at Wells Fargo & Co. reiterated a “positive” rating on shares of Geron in a research note on Thursday, March 13th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $2.13.
Geron Corporation (NASDAQ:GERN) is a clinical-stage biopharmaceutical company developing a first-in-class telomerase inhibitor, imetelstat, in hematologic myeloid malignancies.
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