133 institutions hold shares in Certara Inc. (CERT), with 12.2M shares held by insiders accounting for 7.98% while institutional investors hold 85.30% of the company’s shares. The shares outstanding are 74.94M, and float is at 60.38M with Short Float at 4.61%. Institutions hold 78.50% of the Float.
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The top institutional shareholder in the company is Alkeon Capital Management LLC with over 3.53 million shares valued at $118.91 million. The investor’s holdings represent 2.31% of the CERT Shares outstanding. As of Dec 30, 2020, the second largest holder is Price (T.Rowe) Associates Inc with 2.95 million shares valued at $99.39 million to account for 1.93% of the shares outstanding. The other top investors are Vanguard Group, Inc. (The) which holds 2.14 million shares representing 1.40% and valued at over $72.05 million, while JP Morgan Chase & Company holds 1.29% of the shares totaling 1.98 million with a market value of $66.68 million.
Certara Inc. (NASDAQ: CERT) is -16.64% lower on its value in year-to-date trading and has touched a low of $24.58 and a high of $41.79 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CERT stock was last observed hovering at around $27.33 in the last trading session, with the day’s gains setting it 0.78% off its average median price target of $36.00 for the next 12 months. It is also 31.44% off the consensus price target high of $41.00 offered by 6 analysts, but current levels are 6.3% higher than the price target low of $30.00 for the same period.
Currently trading at $28.11, the stock is 2.94% and -9.07% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.32 million and changing 2.85% at the moment leaves the stock -14.67% off its SMA200. The firm has a 50-day simple moving average (SMA 50) of $28.08 and a 200-day simple moving average (SMA200) of $32.94.
The stock witnessed a -7.87% in the last 1 month and extending the period to 3 months gives it a -23.20%, and is 0.29% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.62% over the week and 6.24% over the month.
Certara Inc. (CERT) has around 846 employees, a market worth around $4.30B and $243.50M in sales. Fwd P/E is 97.27. Profit margin for the company is -20.30%. Distance from 52-week low is 14.38% and -32.74% from its 52-week high. The company has generated returns on investments over the last 12 months (-2.10%).
Certara Inc. (CERT) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Certara Inc. (CERT) is a “Overweight”. 6 analysts offering their recommendations for the stock have an average rating of 2.20, where 3 rate it as a Hold and 0 think it is a “Overweight”. 3 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Certara Inc. quarterly earnings per share for the current quarter are estimated at $0.04 with sales reaching $64.94M over the same period.The EPS is expected to shrink by -534.10% this year, but quarterly earnings will post 15.30% year-over-year.
Certara Inc. (CERT) Insider Activity
The most recent transaction is an insider sale by EQT Avatar Parent L.P., the company’s 10% Owner. SEC filings show that EQT Avatar Parent L.P. sold 8,674,151 shares of the company’s common stock on Mar 29 at a price of $24.12 per share for a total of $209.26 million. Following the sale, the insider now owns 66.22 million shares.