Semler Scientific (NASDAQ:SMLR) Stock Price Down 4.9% – Here’s What Happened

Semler Scientific Inc. (NASDAQ:SMLR)’s stock price fell 4.9% during trading on Monday . The stock traded as low as $20.27 and last traded at $20.33. 1,624,100 shares traded hands during trading, an increase of 192% from the average session volume of 557,094 shares. The stock had previously closed at $21.37.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Semler Scientific in a research note on Monday, December 29th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Semler Scientific currently has a consensus rating of “Moderate Buy” and a consensus target price of $75.33.

Semler Scientific Stock Down 4.9%

The company has a market cap of $310.74 million, a PE ratio of 7.31 and a beta of 1.32. The company has a quick ratio of 1.95, a current ratio of 1.97 and a debt-to-equity ratio of 0.21. The firm’s fifty day simple moving average is $19.22 and its 200-day simple moving average is $25.93.

Semler Scientific (NASDAQ:SMLR) last issued its quarterly earnings data on Wednesday, November 12th. The company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.14) by $1.21. Semler Scientific had a net margin of 130.80% and a return on equity of 34.21%. The business had revenue of $7.49 million during the quarter, compared to analysts’ expectations of $7.87 million.

Institutional Trading of Semler Scientific

Large investors have recently made changes to their positions in the stock. Wolverine Asset Management LLC increased its position in Semler Scientific by 307.3% during the 4th quarter. Wolverine Asset Management LLC now owns 138,332 shares of the company’s stock worth $2,115,000 after purchasing an additional 104,367 shares in the last quarter. Kestra Private Wealth Services LLC boosted its stake in shares of Semler Scientific by 99.6% during the 4th quarter. Kestra Private Wealth Services LLC now owns 26,850 shares of the company’s stock worth $411,000 after purchasing an additional 13,400 shares during the last quarter. State of Alaska Department of Revenue purchased a new stake in shares of Semler Scientific during the fourth quarter worth about $287,000. Penn Capital Management Company LLC purchased a new stake in shares of Semler Scientific during the third quarter worth about $284,000. Finally, Advisory Services Network LLC raised its position in shares of Semler Scientific by 42.4% in the third quarter. Advisory Services Network LLC now owns 9,404 shares of the company’s stock valued at $282,000 after buying an additional 2,800 shares during the last quarter. Institutional investors and hedge funds own 49.37% of the company’s stock.

Semler Scientific Company Profile

Semler Scientific, Inc, headquartered in Princeton, New Jersey, is a medical technology company specializing in the development and commercialization of non-invasive monitoring solutions for intracranial pressure. The company’s core focus is on improving patient care in neurocritical and acute care settings by providing clinicians with advanced diagnostic tools that reduce the risks associated with invasive procedures.

The company’s flagship product, the NICO Monitor, employs proprietary acoustic monitoring technology to continuously estimate intracranial pressure and compliance at the bedside.