Geron (NASDAQ:GERN) Trading 8.8% Higher

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Geron Co. (NASDAQ:GERN)’s share price traded up 8.8% during trading on Monday . The stock traded as high as $2.20 and last traded at $2.10, 5,960,509 shares traded hands during trading. An increase of 138% from the average session volume of 2,501,570 shares. The stock had previously closed at $1.93.

Several equities analysts have recently commented on the stock. BidaskClub upgraded shares of Geron from a “sell” rating to a “hold” rating in a research report on Tuesday. Needham & Company LLC restated a “buy” rating and set a $3.00 price target on shares of Geron in a research report on Wednesday, June 17th. B. Riley upped their price target on shares of Geron from $3.50 to $4.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. ValuEngine lowered shares of Geron from a “buy” rating to a “hold” rating in a research report on Monday, March 16th. Finally, Cantor Fitzgerald increased their target price on shares of Geron from $3.00 to $4.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $3.29.

The stock’s 50-day moving average is $1.74 and its 200-day moving average is $1.37. The stock has a market cap of $426.97 million, a P/E ratio of -5.59 and a beta of 1.76. The company has a current ratio of 7.93, a quick ratio of 7.93 and a debt-to-equity ratio of 0.04.

Geron (NASDAQ:GERN) last announced its earnings results on Thursday, May 28th. The biopharmaceutical company reported ($0.08) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.12) by $0.04. Geron had a negative net margin of 16,449.23% and a negative return on equity of 52.95%. The firm had revenue of $0.05 million during the quarter, compared to analyst estimates of $0.11 million. During the same quarter in the prior year, the firm posted ($0.05) EPS. On average, equities analysts forecast that Geron Co. will post -0.28 EPS for the current year.

Several large investors have recently bought and sold shares of GERN. Bank of Montreal Can boosted its position in shares of Geron by 47.4% during the 4th quarter. Bank of Montreal Can now owns 24,073 shares of the biopharmaceutical company’s stock valued at $32,000 after purchasing an additional 7,742 shares in the last quarter. Prudential Financial Inc. boosted its position in shares of Geron by 67.7% during the 4th quarter. Prudential Financial Inc. now owns 23,618 shares of the biopharmaceutical company’s stock valued at $32,000 after purchasing an additional 9,531 shares in the last quarter. Arizona State Retirement System bought a new position in shares of Geron during the 1st quarter valued at about $56,000. BNP Paribas Arbitrage SA boosted its position in shares of Geron by 101.7% during the 1st quarter. BNP Paribas Arbitrage SA now owns 57,639 shares of the biopharmaceutical company’s stock valued at $69,000 after purchasing an additional 29,069 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new position in shares of Geron during the 4th quarter valued at about $78,000. Institutional investors own 30.64% of the company’s stock.

About Geron (NASDAQ:GERN)

Geron Corporation, a late-stage clinical biopharmaceutical company, focuses on the development and commercialization of therapeutics for hematologic myeloid malignancies. It holds rights to imetelstat, a telomerase inhibitor in Phase 2/3 clinical trials, which inhibits the uncontrolled proliferation of malignant progenitor cells in hematologic myeloid malignancies to reduce dysfunctional blood cell production and enable recovery of normal blood cell production.

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