Growing Through Challenges? – Geron Corporation (GERN)

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    RA Capital Management LLC recently announced the acquisition of new stake in Geron Corporation (NASDAQ:GERN). This fresh investment now brings its stake to 9.71% valued currently at $47.9 million. In addition, Ecor1 Capital LLC raised its holdings by 19.23 million to 19.23 million shares. And BlackRock Fund Advisors has lifted its position by 23.90% or 3.44 million shares – to 17.84 million shares.

    With over 1.94 million Geron Corporation (GERN) shares trading Friday and a closing price of $1.69 on the day, the dollar volume was approximately $3.28 million. The shares have shown a positive weekly performance of 3.05% and its price on 08/21/20 lost nearly -2.87%. Currently, there are 310.47M common shares owned by the public and among those 260.40M shares have been available to trade.

    An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 5 analysts who have offered their price forecasts for GERN have a consensus price objective of $3.40. The analysts have set the share’s price value over the next 12 months at a high of $4.00 and a low of $3.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Geron Corporation stock is 1.70 for the next 12 months. But an upside of 57.75% will see the stock hit the forecast high price target while mean target price for the stock is $3.00.

    Insiders at the company have transacted a total of 5 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 5 of these insider trades were purchases, accounting for 16,985 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.

    The top 3 mutual fund holders in Geron Corporation are Fidelity Select Port. – Biotechno, Vanguard Total Stock Market Index, and Vanguard Extended Market Index Fu. Fidelity Select Port. – Biotechno owns 12.48 million shares of the company’s stock, all valued at over $19.84 million. The company sold -2.36 million shares recently to bring their total holdings to about 4.02% of the shares outstanding. Vanguard Total Stock Market Index bought 2801.0 shares to see its total holdings expand to 8.88 million shares valued at over $14.12 million and representing 2.86% of the shares outstanding. Vanguard Extended Market Index Fu sold 10068.0 shares to bring its total holdings to over 4.27 million shares at a value of $6.79 million. Vanguard Extended Market Index Fu now owns shares totaling to 1.38% of the shares outstanding.

    Shares of Geron Corporation (NASDAQ: GERN) opened at $1.73, down -$0.01 from a prior closing price of $1.74. However, the script later closed the day at $1.69, down -2.87%. The company’s stock has a 5-day price change of 3.05% and -8.15% over the past three months. GERN shares are trading 24.26% year to date (YTD), with the 12-month market performance up to 17.36% higher. It has a 12-month low price of $0.75 and touched a high of $2.40 over the same period. Currently, 1.94 million shares have been traded, compared to an average intraday trading volume of 3.58 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -1.40%, -9.73%, and 15.31% respectively.

    Institutional ownership of Geron Corporation (NASDAQ: GERN) shares accounts for 54.90% of the company’s 310.47M shares outstanding. Mutual fund holders own 3.22%, while other institutional holders and individual stakeholders account for 33.65% and 16.42% respectively.

    It has a market capitalization of $540.19M and a beta (3y monthly) value of 1.57. The earnings-per-share (ttm) stands at -$0.37. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.97% over the week and 5.66% over the month.

    Analysts forecast that Geron Corporation (GERN) will achieve an EPS of -$0.06 for the current quarter, -$0.06 for the next quarter and -$0.31 for 2021. The lowest estimate earnings-per-share for the quarter is -$0.06 while analysts give the company a high EPS estimate of -$0.05. Comparatively, EPS for the current quarter was -$0.08 a year ago. Earnings per share for the fiscal year are expected to decrease by -135.50%, and -19.20% over the next financial year. EPS should grow at an annualized rate of 5.00% over the next five years, compared to -9.20% over the past 5-year period.

    If you are looking to buy this stock, then you may note that the average analyst recommendation by 5 brokerage firm advisors rate Geron Corporation (GERN) as a “Strong Buy” at a consensus score of 1.70. Specifically, 5 Wall Street analysts polled rate the stock as a buy, while 0 of the 5 advise that investors “hold,” and 0 rated it as a “Sell.”

    Looking at the support for the GERN, a number of firms have released research notes about the stock. Stifel stated their Buy rating for the stock in a research note on August 03, 2020, with the firm’s price target at $3. B. Riley FBR coverage for the Geron Corporation (GERN) stock in a research note released on November 19, 2019 offered a Buy rating with a price target of $4. H.C. Wainwright was of a view on September 03, 2019 that the stock is Buy, while Cantor Fitzgerald gave the stock Overweight rating on August 15, 2019, issuing a price target of $4. Needham on their part issued Buy rating on April 09, 2019.

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