Seer, Inc. (NASDAQ:SEER) Short Interest Update

Seer, Inc. (NASDAQ:SEER) was the recipient of a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 191,696 shares, a decline of 34.8% from the May 31st total of 293,816 shares. Based on an average daily volume of 127,131 shares, the short-interest ratio is currently 1.5 days. Currently, 0.4% of the shares of the company are sold short.

Analysts Set New Price Targets

SEER has been the subject of a number of research reports. Canaccord Genuity Group assumed coverage on shares of Seer in a research note on Monday, May 4th. They set a “buy” rating and a $4.00 target price for the company. Weiss Ratings restated a “sell (d-)” rating on shares of Seer in a research note on Tuesday, April 21st. Finally, TD Cowen raised Seer to a “strong-buy” rating in a report on Monday, April 13th. Two equities research analysts have rated the stock with a Strong Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $4.00.

Institutional Trading of Seer

Hedge funds and other institutional investors have recently modified their holdings of the company. NewEdge Advisors LLC bought a new stake in shares of Seer during the 1st quarter valued at $132,000. Rangeley Capital LLC increased its stake in Seer by 821.5% in the 1st quarter. Rangeley Capital LLC now owns 184,302 shares of the company’s stock worth $310,000 after buying an additional 164,302 shares in the last quarter. Corient Private Wealth LLC purchased a new stake in Seer in the 4th quarter worth $116,000. Quadrature Capital Ltd bought a new stake in Seer during the fourth quarter valued at about $101,000. Finally, Barclays PLC raised its holdings in Seer by 685.0% during the fourth quarter. Barclays PLC now owns 60,717 shares of the company’s stock valued at $111,000 after acquiring an additional 52,982 shares during the period. 75.20% of the stock is owned by hedge funds and other institutional investors.

Seer Stock Performance

SEER opened at $1.62 on Friday. The firm’s 50 day simple moving average is $1.78 and its two-hundred day simple moving average is $1.83. The company has a market capitalization of $89.07 million, a PE ratio of -1.31 and a beta of 1.59. Seer has a 1-year low of $1.55 and a 1-year high of $2.41.

Seer (NASDAQ:SEER) last posted its quarterly earnings data on Wednesday, May 13th. The company reported ($0.30) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.30). Seer had a negative return on equity of 26.58% and a negative net margin of 464.78%.The firm had revenue of $2.79 million for the quarter, compared to analysts’ expectations of $3.60 million.

Seer Company Profile

Seer, Inc is a life sciences company focused on pioneering next-generation proteomics, the large-scale study of proteins and their functions in complex biological systems. By leveraging proprietary nanoparticle-based technology, Seer’s platform enables high-throughput, unbiased protein analysis from biological samples, addressing a critical bottleneck in drug discovery, biomarker research and precision medicine.

The company’s flagship Proteograph Product Suite combines engineered nanoparticle assays with advanced mass spectrometry and bioinformatics pipelines to deliver deep proteomic coverage in a scalable workflow.