Geron (NASDAQ:GERN) Upgraded by BidaskClub to “Hold”

BidaskClub upgraded shares of Geron (NASDAQ:GERN) from a sell rating to a hold rating in a research report released on Tuesday, BidAskClub reports.

Several other research firms have also issued reports on GERN. Cantor Fitzgerald increased their price target on shares of Geron from $3.00 to $4.00 and gave the stock an overweight rating in a research report on Monday, June 1st. B. Riley increased 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. Needham & Company LLC reissued a buy rating and issued a $3.00 price target on shares of Geron in a research report on Wednesday, June 17th. Zacks Investment Research raised shares of Geron from a hold rating to a strong-buy rating and set a $1.75 price target for the company in a research report on Tuesday, June 2nd. Finally, ValuEngine cut shares of Geron from a buy rating to a hold rating in a research note on Monday, March 16th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Geron currently has a consensus rating of Buy and an average target price of $3.29.

Shares of GERN opened at $2.18 on Tuesday. The company has a 50-day simple moving average of $1.74 and a 200-day simple moving average of $1.37. The firm has a market capitalization of $426.97 million, a P/E ratio of -5.59 and a beta of 1.75. The company has a debt-to-equity ratio of 0.04, a quick ratio of 7.93 and a current ratio of 7.93. Geron has a 52 week low of $0.75 and a 52 week high of $2.40.

Geron (NASDAQ:GERN) last posted its quarterly earnings results on Thursday, May 28th. The biopharmaceutical company reported ($0.08) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 business posted ($0.05) earnings per share. As a group, equities analysts forecast that Geron will post -0.28 earnings per share for the current year.

A number of institutional investors have recently modified their holdings of the business. State Street Corp grew its stake in Geron by 2.6% during the first quarter. State Street Corp now owns 3,733,115 shares of the biopharmaceutical company’s stock worth $4,442,000 after buying an additional 94,091 shares during the last quarter. Advisor Group Holdings Inc. bought a new stake in shares of Geron during the first quarter valued at approximately $84,000. Invesco Ltd. bought a new stake in shares of Geron during the first quarter valued at approximately $183,000. Two Sigma Investments LP grew its stake in shares of Geron by 74.2% during the first quarter. Two Sigma Investments LP now owns 1,594,434 shares of the biopharmaceutical company’s stock valued at $1,897,000 after purchasing an additional 679,373 shares during the last quarter. Finally, Two Sigma Advisers LP grew its stake in shares of Geron by 1,403.8% during the first quarter. Two Sigma Advisers LP now owns 668,608 shares of the biopharmaceutical company’s stock valued at $796,000 after purchasing an additional 624,146 shares during the last quarter. 30.64% of the stock is currently owned by hedge funds and other institutional investors.

About Geron

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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Analyst Recommendations for Geron (NASDAQ:GERN)

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