Insider Selling: Melissa Kelly Behrs Sells 4,826 Shares of Geron Stock (GERN)
Geron (NASDAQ:GERN) EVP Melissa Kelly Behrs unloaded 4,826 shares of the company’s stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $2.10, for a total value of $10,134.60. Following the completion of the transaction, the executive vice president now directly owns 143,015 shares in the company, valued at approximately $300,332. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of Geron (NASDAQ:GERN) traded down 1.89% on Friday, hitting $2.08. The stock had a trading volume of 2,891,681 shares. Geron has a one year low of $1.06 and a one year high of $7.79. The stock has a 50-day moving average of $1.94 and a 200-day moving average of $3.76. The company’s market cap is $326.4 million.
Geron (NASDAQ:GERN) last announced its 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. On average, analysts predict that Geron will post $-0.25 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. 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 analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus 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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