Cerus Corp. (NASDAQ:CERS) has been assigned a $9.00 target price by analysts at Cantor Fitzgerald in a research note issued on Sunday. The firm currently has a “buy” rating on the stock. Cantor Fitzgerald’s price target would suggest a potential upside of 57.07% from the company’s previous close.
Other research analysts have also recently issued research reports about the company. BTIG Research reaffirmed a “buy” rating and issued a $10.00 price target on shares of Cerus Corp. in a report on Thursday, October 27th. Robert W. Baird set a $10.00 target price on shares of Cerus Corp. and gave the company a “buy” rating in a research note on Saturday, August 6th. FBR & Co reissued a “buy” rating on shares of Cerus Corp. in a research note on Monday, July 11th. Finally, Zacks Investment Research raised shares of Cerus Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, November 2nd. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $9.10.
Shares of Cerus Corp. (NASDAQ:CERS) traded up 1.42% on Friday, reaching $5.73. The company had a trading volume of 174,293 shares. The stock’s market capitalization is $592.86 million. Cerus Corp. has a 52-week low of $4.22 and a 52-week high of $7.64. The company has a 50 day moving average price of $5.33 and a 200 day moving average price of $6.02.
Cerus Corp. (NASDAQ:CERS) last posted its quarterly earnings results on Thursday, November 3rd. The company reported ($0.14) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.17) by $0.03. The company had revenue of $10.20 million for the quarter, compared to analysts’ expectations of $10.34 million. Cerus Corp. had a negative return on equity of 76.76% and a negative net margin of 174.76%. The firm’s revenue was up 27.5% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.17) earnings per share. On average, equities research analysts anticipate that Cerus Corp. will post ($0.64) earnings per share for the current year.
Several institutional investors have recently bought and sold shares of the stock. Baker BROS. Advisors LP bought a new position in Cerus Corp. during the third quarter valued at approximately $81,061,000. Primecap Management Co. CA boosted its position in Cerus Corp. by 4.0% in the first quarter. Primecap Management Co. CA now owns 7,800,000 shares of the company’s stock valued at $46,254,000 after buying an additional 300,000 shares in the last quarter. Wells Fargo & Company MN boosted its position in Cerus Corp. by 25.9% in the fourth quarter. Wells Fargo & Company MN now owns 4,901,666 shares of the company’s stock valued at $30,979,000 after buying an additional 1,007,430 shares in the last quarter. BlackRock Fund Advisors boosted its position in Cerus Corp. by 5.6% in the third quarter. BlackRock Fund Advisors now owns 4,169,260 shares of the company’s stock valued at $25,891,000 after buying an additional 219,507 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in Cerus Corp. by 12.7% in the second quarter. Vanguard Group Inc. now owns 4,104,732 shares of the company’s stock valued at $25,613,000 after buying an additional 463,013 shares in the last quarter. Institutional investors and hedge funds own 67.98% of the company’s stock.
Cerus Corp. Company Profile