Acer Therapeutics Inc (NASDAQ:ACER) insider Donald Joseph bought 14,285 shares of Acer Therapeutics stock in a transaction dated Friday, July 24th. The shares were bought at an average cost of $3.50 per share, for a total transaction of $49,997.50. Following the completion of the acquisition, the insider now owns 14,285 shares in the company, valued at approximately $49,997.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
ACER opened at $3.93 on Friday. The company’s 50 day moving average is $3.36 and its 200-day moving average is $3.25. Acer Therapeutics Inc has a 1-year low of $1.08 and a 1-year high of $7.25.
Acer Therapeutics (NASDAQ:ACER) last issued its quarterly earnings data on Thursday, May 14th. The biopharmaceutical company reported ($0.49) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.40) by ($0.09). On average, analysts expect that Acer Therapeutics Inc will post -1.38 earnings per share for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. UBS Group AG grew its position in Acer Therapeutics by 139.7% during the 4th quarter. UBS Group AG now owns 9,180 shares of the biopharmaceutical company’s stock worth $37,000 after acquiring an additional 5,350 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Acer Therapeutics by 99.7% during the first quarter. Bank of New York Mellon Corp now owns 21,479 shares of the biopharmaceutical company’s stock valued at $43,000 after purchasing an additional 10,721 shares in the last quarter. State Street Corp boosted its stake in shares of Acer Therapeutics by 22.5% during the first quarter. State Street Corp now owns 136,735 shares of the biopharmaceutical company’s stock valued at $272,000 after purchasing an additional 25,156 shares in the last quarter. Finally, Federated Hermes Inc. grew its holdings in shares of Acer Therapeutics by 39.0% during the first quarter. Federated Hermes Inc. now owns 89,770 shares of the biopharmaceutical company’s stock worth $179,000 after purchasing an additional 25,176 shares during the last quarter. 22.45% of the stock is currently owned by institutional investors.
Acer Therapeutics Company Profile
Acer Therapeutics Inc, a pharmaceutical company, focuses on the acquisition, development, and commercialization of therapies for serious rare and life-threatening diseases. Its pipeline includes three clinical-stage candidates: EDSIVO for the treatment of vascular Ehlers-Danlos Syndrome in patients with a confirmed type III collagen mutation; and ACER-001, a formulation of sodium phenylbutyrate for the treatment of various inborn errors of metabolism, including urea cycle disorders, maple syrup urine disease, and osanetant for the treatment of various neuroendocrine disorders.
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