Cerus Co. (NASDAQ:CERS) insider Laurence M. Corash purchased 150,011 shares of the firm’s stock in a transaction on Thursday, March 15th. The stock was acquired at an average price of $5.15 per share, with a total value of $772,556.65. Following the completion of the purchase, the insider now owns 1,462,580 shares of the company’s stock, valued at approximately $7,532,287. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.
NASDAQ:CERS traded down $0.10 on Friday, reaching $5.20. The company’s stock had a trading volume of 1,198,090 shares, compared to its average volume of 1,448,325. Cerus Co. has a 12-month low of $1.93 and a 12-month high of $5.85. The company has a quick ratio of 3.26, a current ratio of 3.89 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $673.90, a P/E ratio of -9.29 and a beta of 1.75.
Cerus (NASDAQ:CERS) last posted its quarterly earnings data on Thursday, March 8th. The biotechnology company reported ($0.10) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.11) by $0.01. The firm had revenue of $16.20 million for the quarter, compared to the consensus estimate of $17.53 million. Cerus had a negative return on equity of 154.46% and a negative net margin of 139.06%. The company’s quarterly revenue was up 60.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.13) EPS. sell-side analysts anticipate that Cerus Co. will post -0.43 earnings per share for the current fiscal year.
CERS has been the subject of several research analyst reports. Cantor Fitzgerald reissued a “buy” rating and issued a $5.00 price objective on shares of Cerus in a report on Tuesday, January 23rd. Zacks Investment Research lowered Cerus from a “hold” rating to a “sell” rating in a report on Tuesday, January 30th. BTIG Research reissued a “hold” rating on shares of Cerus in a report on Thursday, January 25th. BidaskClub lowered Cerus from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. Finally, ValuEngine raised Cerus from a “strong sell” rating to a “sell” rating in a report on Thursday, January 4th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $5.40.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BB&T Securities LLC acquired a new position in shares of Cerus during the 3rd quarter worth about $100,000. Teacher Retirement System of Texas acquired a new position in shares of Cerus during the 4th quarter worth about $126,000. MetLife Investment Advisors LLC acquired a new position in shares of Cerus during the 4th quarter worth about $197,000. Voya Investment Management LLC boosted its position in shares of Cerus by 22.0% during the 2nd quarter. Voya Investment Management LLC now owns 58,633 shares of the biotechnology company’s stock worth $147,000 after acquiring an additional 10,570 shares in the last quarter. Finally, Turner Investments LLC acquired a new position in shares of Cerus during the 3rd quarter worth about $177,000. 51.95% of the stock is owned by hedge funds and other institutional investors.
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Cerus Corporation, a biomedical products company, focuses on developing and commercializing the INTERCEPT Blood System to enhance blood safety. Its INTERCEPT Blood System is based on its proprietary technology for controlling biological replication; and targets and inactivates blood-borne pathogens, such as viruses, bacteria, and parasites, as well as harmful white blood cells, while preserving the therapeutic properties of platelet, plasma, and red blood cell transfusion products.
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