Geron Co. (GERN) Given Consensus Rating of “Hold” by Analysts

Geron Co. (NASDAQ:GERN) has received an average rating of “Hold” from the six brokerages that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $3.75.

Several research firms have recently weighed in on GERN. BidaskClub upgraded shares of Geron from a “strong sell” rating to a “sell” rating in a research note on Thursday, January 11th. Zacks Investment Research downgraded shares of Geron from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. Stifel Nicolaus reiterated a “hold” rating and issued a $2.50 target price on shares of Geron in a research note on Friday, November 3rd. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Geron in a research note on Friday, November 3rd.

Geron (NASDAQ:GERN) opened at $2.04 on Tuesday. The firm has a market cap of $324.83, a PE ratio of -11.33 and a beta of 2.59. Geron has a 12 month low of $1.74 and a 12 month high of $3.15.

Geron (NASDAQ:GERN) last posted its earnings results on Wednesday, November 1st. The biopharmaceutical company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.01. The firm had revenue of $0.16 million during the quarter, compared to the consensus estimate of $0.40 million. Geron had a negative net margin of 2,992.67% and a negative return on equity of 25.14%. The company’s revenue was down 96.8% on a year-over-year basis. During the same quarter last year, the company earned ($0.02) earnings per share. analysts expect that Geron will post -0.17 earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of the stock. Russell Investments Group Ltd. grew its stake in Geron by 783.9% during the third quarter. Russell Investments Group Ltd. now owns 363,990 shares of the biopharmaceutical company’s stock valued at $794,000 after acquiring an additional 322,810 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in Geron by 42.0% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 82,426 shares of the biopharmaceutical company’s stock valued at $180,000 after acquiring an additional 24,370 shares in the last quarter. IHT Wealth Management LLC purchased a new position in Geron during the second quarter valued at approximately $122,000. State Street Corp grew its stake in Geron by 9.8% during the second quarter. State Street Corp now owns 5,127,578 shares of the biopharmaceutical company’s stock valued at $14,205,000 after acquiring an additional 459,700 shares in the last quarter. Finally, Zacks Investment Management purchased a new position in Geron during the second quarter valued at approximately $148,000. 39.21% of the stock is owned by institutional investors.

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About Geron

Geron Corporation (Geron) is a biopharmaceutical company, which supports the clinical stage development of a telomerase inhibitor, Imetelstat, in hematologic myeloid malignancies by Janssen Biotech, Inc (Janssen). The Company is engaged in the development of therapeutic products for oncology. Using its nucleic acid chemistry, Geron designed Imetelstat to be an oligonucleotide that binds with high affinity to the ribonucleic acid (RNA) template of telomerase, thereby directly inhibiting telomerase activity.

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