Palumbo Wealth Management LLC Has $241,000 Holdings in Seer, Inc. (NASDAQ:SEER)

Palumbo Wealth Management LLC boosted its position in Seer, Inc. (NASDAQ:SEER) by 15.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 122,292 shares of the company’s stock after buying an additional 16,001 shares during the quarter. Palumbo Wealth Management LLC owned approximately 0.20% of Seer worth $241,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of SEER. AQR Capital Management LLC acquired a new stake in Seer in the 2nd quarter worth $30,000. Point72 DIFC Ltd acquired a new stake in Seer in the 2nd quarter worth $35,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Seer in the 1st quarter worth $35,000. Quadrature Capital Ltd acquired a new stake in Seer in the 1st quarter worth $56,000. Finally, American Century Companies Inc. grew its position in Seer by 42.1% in the 2nd quarter. American Century Companies Inc. now owns 61,752 shares of the company’s stock worth $104,000 after purchasing an additional 18,302 shares during the last quarter. 75.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Seer Price Performance

Shares of Seer stock traded down $0.03 during trading on Thursday, hitting $1.95. 6,713 shares of the company’s stock traded hands, compared to its average volume of 450,577. The firm’s fifty day moving average price is $1.80 and its 200 day moving average price is $1.83. Seer, Inc. has a twelve month low of $1.46 and a twelve month high of $2.30. The company has a market cap of $119.79 million, a PE ratio of -1.55 and a beta of 1.46.

Seer (NASDAQ:SEER) last issued its earnings results on Thursday, August 8th. The company reported ($0.35) earnings per share for the quarter, beating 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 business had revenue of $3.07 million for the quarter, compared to analyst estimates of $3.33 million. During the same period in the previous year, the business earned ($0.37) EPS. As a group, equities research analysts anticipate that Seer, Inc. will post -1.27 earnings per share for the current year.

About Seer

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.