Baker Bros. Advisors LP has recently announced that it has increased stake in Cerus Corp. (NASDAQ:CERS) by 10.69%. After grabbing 19.08 million shares, the institutional investor is now in possession of 1.84 million shares of the Healthcare Company. The new investment brought the stake of investor firm to 10.55% having worth around $26.71 million. Moreover, BlackRock Fund Advisors increased its share by 58642.0 to have a control over 11.85 million shares. And Senvest Management LLC raised its holdings to 1.81 million shares by acquiring 7.26 million shares or 4.01% of the stake.
Cerus Corp. (CERS) concluded trading on 12/14/23 at a closing price of $2.06, with 4.59 million shares of worth about $9.46 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -22.85% during that period and on Thursday the price saw a gain of about 13.81%. Currently the company’s common shares owned by public are about 177.58M shares, out of which, 174.99M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 49 times over the past 12 months. They bought 2,324,377 shares in 34 of the transactions. In 15 selling transactions, insiders dumped 172,240 shares.
ARK Innovation ETF, PRIMECAP Odyssey Aggressive Growt, and Nikko AM Global Umbrella Fund – A are the top 3 mutual funds which are holding stakes in Cerus Corp. ARK Innovation ETF is currently holding 12.54 million shares of worth totaling $17.55 million. The company recently came selling 36340.0 shares which brought its stake up to 6.93% of the company’s outstanding shares. PRIMECAP Odyssey Aggressive Growt sold -0.2 million shares, after which its hold over company’s outstanding shares shrunk to 4.76%, leaving 8.61 million shares with the mutual fund that have a worth of about $12.06 million. Nikko AM Global Umbrella Fund – A, after buying 6.81 million shares, have now control over 3.77% of the stake in the company. It holds 0.8 million shares of worth $9.53 million.
However, the stock later moved at a day high price of 2.1300, or with a gain of 13.81%. Stock saw a price change of 24.85% in past 5 days and over the past one month there was a price change of 17.05%. Year-to-date (YTD), CERS shares are showing a performance of -43.56% which decreased to -49.26% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.21 but also hit the highest price of $4.25 during that period. The average intraday trading volume for Cerus Corp. shares is 1.23 million. The stock is currently trading 22.04% above its 20-day simple moving average (SMA20), while that difference is up 34.53% for SMA50 and it goes to -2.70% lower than SMA200.
Baker Bros. Advisors LP acquired 19.08 million shares of Cerus Corp. having value of about $26.71 million. Data submitted at the U.S SEC by Baker Bros. Advisors LP revealed that the firm now holds 1.84 million shares in the company valued at close to $3795572.66, or have control over 10.69% stake in the company. Cerus Corp. (NASDAQ: CERS) currently have 177.58M outstanding shares and institutions hold larger chunk of about 77.60% of that. Holding of mutual funds in the company is about 40.35% while other institutional holders and individual stake holders have control over 6.32% and 37.46% of the stake respectively.
The stock has a current market capitalization of $373.27M and its 3Y-monthly beta is at 1.27. It has posted earnings per share of -$0.28 in the same period. It has Quick Ratio of 1.35 while making debt-to-equity ratio of 1.97. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CERS, volatility over the week remained 8.99% while standing at 7.57% over the month.
Analysts are in expectations that Cerus Corp. (CERS) stock would likely to be making an EPS of -$0.02 in the current quarter, while forecast for next quarter EPS is -$0.04 and it is -$0.11 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.03 which is -$0.01 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.08 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 9.37% while it is estimated to increase by 50.57% in next year.
