Seer Target of Unusually Large Options Trading (NASDAQ:SEER)

Seer, Inc. (NASDAQ:SEER) saw unusually large options trading on Monday. Stock investors purchased 4,887 call options on the company. This represents an increase of 9,674% compared to the average daily volume of 50 call options.

Seer Stock Up 39.2%

SEER traded up $0.64 on Monday, reaching $2.25. 22,081,452 shares of the company traded hands, compared to its average volume of 532,503. The company has a market cap of $123.98 million, a P/E ratio of -1.82 and a beta of 1.59. Seer has a one year low of $1.55 and a one year high of $2.41. The firm has a fifty day simple moving average of $1.78 and a two-hundred day simple moving average of $1.83.

Seer (NASDAQ:SEER) last issued its earnings results on Wednesday, May 13th. The company reported ($0.30) EPS for the quarter, hitting analysts’ consensus estimates of ($0.30). The business had revenue of $2.79 million for the quarter, compared to the consensus estimate of $3.60 million. Seer had a negative net margin of 464.78% and a negative return on equity of 26.58%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Seer by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 2,221,404 shares of the company’s stock valued at $4,820,000 after purchasing an additional 18,760 shares in the last quarter. Bridgeway Capital Management LLC increased its stake in shares of Seer by 15.5% during the second 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. Nano Cap New Millennium Growth Fund L P purchased a new position in shares of Seer during the fourth quarter valued at $1,510,000. Geode Capital Management LLC raised its holdings in shares of Seer by 16.5% in the second quarter. Geode Capital Management LLC now owns 509,727 shares of the company’s stock valued at $1,091,000 after acquiring an additional 72,265 shares in the last quarter. Finally, Jane Street Group LLC raised its holdings in shares of 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 acquiring an additional 63,432 shares in the last quarter. Institutional investors own 75.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. TD Cowen upgraded shares of Seer to a “strong-buy” rating in a research report on Monday, April 13th. Canaccord Genuity Group started coverage on shares of Seer in a report on Monday, May 4th. They issued a “buy” rating and a $4.00 target price for the company. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Seer in a research note on Tuesday, April 21st. Two research analysts have rated the stock with a Strong Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, Seer currently has a consensus rating of “Buy” and an average price target of $4.00.

About Seer

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.