Geron Co. (GERN) EVP Melissa Kelly Behrs Sells 120,635 Shares
Geron Co. (NASDAQ:GERN) EVP Melissa Kelly Behrs sold 120,635 shares of the firm’s stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $2.00, for a total value of $241,270.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Geron stock opened at $2.00 on Thursday. The company has a market cap of $339.26 million, a P/E ratio of -12.50 and a beta of 2.95. Geron Co. has a one year low of $0.95 and a one year high of $6.99.
Geron (NASDAQ:GERN) last posted its earnings results on Thursday, March 7th. The biopharmaceutical company reported ($0.05) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.05). Geron had a negative return on equity of 17.61% and a negative net margin of 2,534.43%. The business had revenue of $0.38 million during the quarter, compared to the consensus estimate of $0.22 million. On average, analysts forecast that Geron Co. will post -0.34 earnings per share for the current fiscal year.
GERN has been the subject of several analyst reports. ValuEngine downgraded Geron from a “hold” rating to a “sell” rating in a research report on Monday, December 17th. B. Riley upgraded Geron from a “neutral” rating to a “buy” rating and raised their target price for the stock from $1.50 to $3.25 in a research report on Thursday, January 31st. BTIG Research initiated coverage on Geron in a research report on Tuesday, February 12th. They set a “buy” rating and a $4.00 target price for the company. BidaskClub upgraded Geron from a “hold” rating to a “buy” rating in a research report on Saturday, March 16th. Finally, Needham & Company LLC upgraded Geron from a “hold” rating to a “buy” rating and set a $3.00 target price for the company in a research report on Tuesday. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $3.31.
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Geron Corporation, a clinical biopharmaceutical company, focuses on the development and commercialization of therapeutics for hematologic myeloid malignancies. The company supports the clinical stage development of imetelstat, a telomerase inhibitor for the treatment of hematologic myeloid malignancies.
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