Geron (GERN) Upgraded at BidaskClub

Geron (NASDAQ:GERN) was upgraded by BidaskClub from a “strong sell” rating to a “sell” rating in a report issued on Thursday.

GERN has been the topic of several other reports. Needham & Company LLC reissued a “hold” rating on shares of Geron in a report on Friday, November 3rd. Stifel Nicolaus reissued a “hold” rating and issued a $2.50 target price on shares of Geron in a report on Friday, November 3rd. Finally, Zacks Investment Research raised Geron from a “hold” rating to a “buy” rating and set a $2.50 target price on the stock in a report on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. Geron presently has a consensus rating of “Hold” and a consensus price target of $3.75.

Shares of Geron (NASDAQ:GERN) traded up $0.03 on Thursday, hitting $1.94. The stock had a trading volume of 1,062,700 shares, compared to its average volume of 1,650,000. The firm has a market cap of $308.91, a P/E ratio of -10.78 and a beta of 2.59. Geron has a fifty-two week low of $1.74 and a fifty-two week high of $3.15.

Geron (NASDAQ:GERN) last announced its earnings results on Wednesday, November 1st. The biopharmaceutical company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.01. The business had revenue of $0.16 million for the quarter, compared to the consensus estimate of $0.40 million. Geron had a negative return on equity of 25.14% and a negative net margin of 2,992.67%. Geron’s revenue was down 96.8% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.02) EPS. equities analysts predict that Geron will post -0.17 EPS for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the company. State Street Corp lifted its holdings in Geron by 9.8% during the 2nd quarter. State Street Corp now owns 5,127,578 shares of the biopharmaceutical company’s stock worth $14,205,000 after buying an additional 459,700 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in Geron by 783.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 363,990 shares of the biopharmaceutical company’s stock worth $794,000 after buying an additional 322,810 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Geron by 4.1% during the 2nd quarter. Vanguard Group Inc. now owns 7,406,968 shares of the biopharmaceutical company’s stock worth $20,518,000 after buying an additional 294,785 shares in the last quarter. State of Wisconsin Investment Board acquired a new position in Geron during the 2nd quarter worth $305,000. Finally, Zacks Investment Management acquired a new position in Geron during the 2nd quarter worth $148,000. 39.21% of the stock is currently owned by institutional investors and hedge funds.

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Geron Company Profile

Geron Corporation (Geron) is a biopharmaceutical company, which supports the clinical stage development of a telomerase inhibitor, Imetelstat, in hematologic myeloid malignancies by Janssen Biotech, Inc (Janssen). The Company is engaged in the development of therapeutic products for oncology. Using its nucleic acid chemistry, Geron designed Imetelstat to be an oligonucleotide that binds with high affinity to the ribonucleic acid (RNA) template of telomerase, thereby directly inhibiting telomerase activity.

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