Palumbo Wealth Management LLC Purchases 16,001 Shares of Seer, Inc. (NASDAQ:SEER)

Palumbo Wealth Management LLC boosted its position in shares of Seer, Inc. (NASDAQ:SEER) by 15.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 122,292 shares of the company’s stock after purchasing an additional 16,001 shares during the period. Palumbo Wealth Management LLC’s holdings in Seer were worth $241,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in SEER. AQR Capital Management LLC bought a new position in shares of Seer in the second quarter worth about $30,000. Point72 DIFC Ltd bought a new position in shares of Seer in the second quarter worth about $35,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Seer in the first quarter worth about $35,000. Quadrature Capital Ltd bought a new position in shares of Seer in the first quarter worth about $56,000. Finally, American Century Companies Inc. raised its stake in shares of Seer by 42.1% in the second quarter. American Century Companies Inc. now owns 61,752 shares of the company’s stock worth $104,000 after acquiring an additional 18,302 shares during the last quarter. 75.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Morgan Stanley lowered their price target on shares of Seer from $7.00 to $3.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 13th.

Seer Trading Down 1.5 %

Shares of NASDAQ:SEER traded down $0.03 during trading on Thursday, hitting $1.95. 6,713 shares of the company’s stock were exchanged, compared to its average volume of 450,577. Seer, Inc. has a 1-year low of $1.46 and a 1-year high of $2.30. The firm has a 50-day moving average price of $1.80 and a two-hundred day moving average price of $1.83. The firm has a market cap of $119.79 million, a P/E ratio of -1.55 and a beta of 1.46.

Seer (NASDAQ:SEER) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.35) EPS for the quarter, topping the consensus estimate of ($0.36) by $0.01. Seer had a negative net margin of 559.21% and a negative return on equity of 21.26%. The company had revenue of $3.07 million during the quarter, compared to analysts’ expectations of $3.33 million. During the same quarter in the previous year, the company earned ($0.37) EPS. As a group, research analysts predict that Seer, Inc. will post -1.27 EPS for the current year.

Seer Profile

Seer, Inc, a life sciences company, engages in developing and commercializing products to decode the biology of the proteome. It develops Proteograph Product Suite, an integrated solution that includes proprietary engineered nanoparticles, consumables, automation instrumentation, and software to perform proteomic analysis to provide a solution that can be incorporated by nearly any lab for research use only.