Cerus Corporation (CERS) Stock Price & Analysis
Cerus Corporation (CERS) closed at USD 2.31 on Thursday, October 22, 2026, down 3.35% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 2.39; the Oct 22, 2026 session ranged USD 2.29–2.41 on volume of 1,627,051 shares. Market capitalization is $465.52M, with a 52-week range of USD 1.38–3.47 (NGM). Source: Nexqual, retrieved October 23, 2026 at 10:38 UTC.
Also available as compact Markdown for AI agents: nexqual.com/CERS.md
Key facts (CERS)
- Insider open-market sales, last ~7 months: 9 Form 4 filings, $891K; 1 not under a Rule 10b5-1 plan ($53K); 0 by opportunistic insiders, 8 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 2.00 on a 1–5 scale) (4 analysts), mean target USD 5.13 (range 4–6.5).
- Total return with dividends: 1Y +53.0% vs S&P 500 +14.9%; 5Y -63.0% vs S&P 500 +80.3%.
- Next earnings: 2026-11-02, EPS estimate USD -0.02, revenue estimate $61.1M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (CERS)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $160M | $188M | $187M | $201M | $234M | — |
| Operating income | -$48.9M | -$34.1M | -$30.1M | -$14.2M | -$8.7M | -$1.6M |
| Net income | -$54.4M | -$42.8M | -$37.5M | -$20.9M | -$15.6M | -$6.8M |
| EPS (diluted) | -$0.32 | -$0.24 | -$0.21 | -$0.11 | -$0.08 | — |
| Free cash flow | -$34.8M | -$27.6M | -$47.8M | $8.5M | $1.1M | -$1.8M |
| Operating margin | -30.7% | -18.1% | -16.1% | -7.1% | -3.7% | — |
| Net margin | -34.1% | -22.7% | -20.1% | -10.4% | -6.7% | — |
| Revenue growth | +39.6% | +18.1% | -0.8% | +7.8% | +16.1% | — |
| Cash + short-term investments | $129M | $102M | $65.9M | $80.5M | $82.9M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (CERS)
P/B 6.7x · FCF yield -0.39% · Earnings yield -1.46%
Insider sales (SEC Form 4, open-market, last ~7 months) (CERS)
8 of 9 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-08-17 | Jensen Chrystal | Chief Legal Officer | 30,000 | $90K | 3.1% | Yes | Routine (sold in Mar each year 2023–2025; this trade is outside those months) |
| 2026-07-16 | Jayaraman Vivek K | Chief Executive Officer | 16,666 | $53K | 0.7% | Yes | Routine (sold in Mar each year 2023–2025; this trade is outside those months) |
| 2026-06-30 | Green Kevin Dennis | Chief Financial Officer | 33,676 | $99K | 3.1% | Yes | Routine (sold in Mar each year 2023–2025; this trade is outside those months) |
| 2026-06-30 | Jayaraman Vivek K | Chief Operating Officer | 42,359 | $125K | 1.8% | Yes | Routine (sold in Mar each year 2023–2025; this trade is outside those months) |
| 2026-06-30 | Jensen Chrystal | Chief Legal Officer | 24,329 | $72K | 2.5% | Yes | Routine (sold in Mar each year 2023–2025; this trade is outside those months) |
| 2026-06-30 | Greenman William Mariner | President and CEO | 101,919 | $300K | 2% | Yes | Routine (sold in Mar each year 2023–2025; this trade is outside those months) |
| 2026-06-09 | Bjerkholt Eric | Director | 20,454 | $53K | 7.2% | No | Too little history (no open-market trades in 2025) |
| 2026-05-29 | Jayaraman Vivek K | Chief Operating Officer | 16,667 | $50K | 1% | Yes | Routine (sold in Mar each year 2023–2025; this trade is outside those months) |
| 2026-05-01 | Jayaraman Vivek K | Chief Operating Officer | 16,667 | $50K | 1% | Yes | Routine (sold in Mar each year 2023–2025; this trade is outside those months) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (CERS)
Consensus Buy (mean 2.00 on a 1–5 scale), 4 analysts; mean target USD 5.13 (low 4, high 6.5).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-08-20 | Freedom Broker | Initiated | Buy | $6.5 |
Total return (dividends reinvested) (CERS)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +53.0% | -63.0% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +53.2% | -18.0% |
| Volatility (annualized) | 75.7% | 64.4% |
| Max drawdown | -38.3% (Jan 2026→Mar 2026) | -84.7% (Nov 2021→Aug 2025) |
CERS suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | Porex | “Components of the compound adsorption devices used in our platelet and plasma disposable kits are manufactured by many third-parties, including, Porex Corporation, or Porex.” |
| Supplier | Fresenius Kabi | “For example, Fresenius is our sole supplier for the manufacture of finished disposable kits for the platelet and plasma systems.” |
| Supplier | Purolite | “We also have an amended and restated supply agreement with Purolite LLC, formerly Purolite Corporation, or Purolite, for the supply of raw materials used to make the compound adsorption devices.” |
| Supplier | Ash Stevens | “We operate with an amended manufacturing and supply agreement with Piramal, formerly, Ash Stevens, Inc., for the synthesis of amotosalen, the inactivation compound used in our platelet and plasma systems.” |
| Customer | Terumo | “Our ability to commercialize our products in certain markets, particularly in Japan, may be negatively affected by Terumo's resources and their pre-existing relationships with regulators and customers.” |
| Partner | Shandong Zhongbaokang Medical Implements | “In February 2021, we entered into an Equity Joint Venture Contract with Shandong Zhongbaokang Medical Implements Co., Ltd., or ZBK, to establish Cerus Zhongbaokang (Shandong) Biomedical Co., LTD., which we refer to as the JV, for the purpose of developing, obtaining regulatory approval for, and eventual manufacturing and commercialization of the INTERCEPT blood transfusion for platelets and red blood cells in the …” |
Quoted from the company's 10-K filed Mar 2, 2026.
CERS company outlook (results filed Jul 30, 2026)
- “Guidance: Range now $229 to $231 million;”
Quoted word-for-word from the SEC 8-K results press release.
CERS analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $-0.01 | $-0.01 | +50.0% | $61.1M | 2 |
| Next quarter (ends Dec 2026) | $-0.01 | $0.00 | — | $66.2M | 2 |
| Current fiscal year (ends Dec 2026) | $-0.04 | $-0.03 | +50.0% | $249.1M | 2 |
| Next fiscal year (ends Dec 2027) | $-0.01 | $0.00 | — | $271.5M | 2 |
Key Statistics (as of October 23, 2026 at 10:38 UTC)
| Price | USD 2.31 |
|---|---|
| Change | ▼ 3.35% (down) |
| Previous Close | USD 2.39 |
| Open | USD 2.39 |
| Day Range | USD 2.29 – 2.41 |
| 52-Week Range | USD 1.38 – 3.47 |
| Volume | 1,627,051 shares |
| Market Cap | $465.52M |
| Exchange | NGM |
Technical Analysis (CERS)
Nexqual's technical model rates CERS "STRONG SELL" based on 0 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 10:38 UTC.
| Overall Signal | STRONG SELL |
|---|---|
| RSI (14) | 45.6 (neutral) |
| vs SMA50 | Below (USD 2.53) |
| MACD | -0.07 (negative) |
Analyst Ratings (CERS)
Wall Street analysts rate CERS "Buy" based on 4 analysts, with a mean price target of USD 5.13 (range USD 4–6.5), per Nexqual as of October 23, 2026 at 10:38 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 4 |
| Mean Target | USD 5.13 |
| High Target | USD 6.5 |
| Low Target | USD 4 |
| Buy / Hold / Sell | 4 / 0 / 0 |
Earnings (CERS)
| Next Earnings Date | 2026-11-02 |
|---|---|
| EPS Estimate | USD -0.02 |
| Revenue Estimate | $61.10M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD -0.01 vs est -0.01 ▲ beat |
| 2026-03-31 | USD -0.01 vs est -0.04 ▲ beat |
| 2025-12-31 | USD -0.01 vs est -0.01 ▼ miss |
| 2025-09-30 | USD 0 vs est -0.03 ▲ beat |
Source: Nexqual, October 23, 2026 at 10:38 UTC.
Financials & Fundamentals (CERS)
| Total Revenue | $221.55M |
|---|---|
| Revenue Growth (latest quarter, YoY) | +9.50% |
| Gross Margin | +52.05% |
| Operating Margin | -3.23% |
| Profit Margin | -3.06% |
| ROE | -10.77% |
| Debt / Equity | 1.09 |
| Current Ratio | 1.83 |
| Total Cash | $56.26M |
| Total Debt | $76.80M |
| Free Cash Flow (fiscal year ended Dec 2025, SEC 10-K) | $1.11M (0.5% of revenue) |
Source: Nexqual, October 23, 2026 at 10:38 UTC.
Financial Health Score (CERS)
Nexqual rates Cerus Corporation's overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 10:38 UTC.
| Growth | Solid — Revenue +14% YoY (annual) |
|---|---|
| Profitability | Mixed — Gross margin 52%, operating -3% (last 12 months) |
| Balance Sheet | Mixed — $56M cash vs $77M debt |
| Cash Flow | Mixed — FCF $1M (FY ended Dec 2025, 10-K), slim 0.5% margin |
| Efficiency | Critical — ROE -11%, ROA -0.5% |
Ownership (CERS)
| Insider Ownership | +3.61% |
|---|---|
| Institutional Ownership | +73.06% |
| Shares Outstanding | 201.52M |
| Float | 195.35M |
| Short % of Float | +8.98% |
Source: Nexqual, October 23, 2026 at 10:38 UTC.
Leadership (CERS)
Cerus Corporation is led by Vivek K. Jayaraman, CEO, President & Director, per Nexqual as of October 23, 2026 at 10:38 UTC.
| CEO, President & Director | Vivek K. Jayaraman |
|---|---|
| Executive Chairman of the Board | William M. Greenman |
| VP of Finance & CFO | Kevin D. Green |
| Vice President of Administration | Bianca Vos |
| Vice President of Global Marketing | Lainie Corten |
Major Backers & Investors (CERS)
Notable institutional backers of Cerus Corporation include ARK Invest, Baker Bros. Advisors, LP, Shaw D.E. & Co., Inc., according to Nexqual as of October 23, 2026 at 10:38 UTC.
Active Investors
| Investor | Stake |
|---|---|
| ARK Invest | 8.9% |
| Baker Bros. Advisors, LP | 3.17% |
| Shaw D.E. & Co., Inc. | 2.72% |
| Senvest Management LLC | 2.29% |
| Acadian Asset Management. LLC | 2.12% |
| Sumitomo Mitsui Trust Group, Inc. | 2.05% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 11.02% |
| Vanguard Group | 4.25% |
| Geode Capital | 2.54% |
| State Street | 2.36% |
Source: Nexqual, October 23, 2026 at 10:38 UTC.
From Cerus Corporation's Latest SEC 10-K Filing (filed 2026-03-02)
Key Strengths & Strategy (as disclosed to the SEC)
- The INTERCEPT Blood System, which is based on our proprietary technology for controlling biological replication, is designed to reduce blood-borne pathogens in donated blood components intended for transfusion.
- We have also received FDA approval for the INTERCEPT Blood System for Cryoprecipitation, which uses our plasma system to produce IFC for the treatment and control of bleeding, including massive hemorrhage, associated with fibrinogen deficiency and to produce pathogen reduced plasma, cryoprecipitate reduced.
- On October 1, 2021, all U.S. blood centers had to be compliant with the FDA guidance document, "Bacterial Risk Control Strategies for Blood Collection Establishments and Transfusion Services to Enhance the Safety and Availability of Platelets for Transfusion," or the Final Guidance Document.
- The FDA has approved the INTERCEPT Blood System for Cryoprecipitation, which uses our plasma system to produce IFC for the treatment and control of bleeding, including massive hemorrhage, associated with fibrinogen deficiency and to produce the derivative product, pathogen reduced plasma, cryoprecipitate reduced.
Partnerships
- We operate with an amended manufacturing and supply agreement with Piramal, formerly, Ash Stevens, Inc., for the synthesis of amotosalen, the inactivation compound used in our platelet and plasma systems.
- The ReCePI study was and the RedeS study is being funded as part of our initial agreement with BARDA.
Legal & Regulatory Risks (Item 1A, quoted)
- Any of these actions, in combination or alone, could prevent us from selling our products and harm our business. In addition, any government investigation of alleged violations of law could require us to expend significant time and resources in response and could generate negative publicity.
- We are subject to federal, state and foreign laws governing our business practices which, if violated, could result in substantial penalties and harm our reputation and business.
- Our data processing activities may subject us to numerous data privacy and security obligations under various laws, regulations, guidance, industry standards, external and internal privacy and security policies, contractual requirements, and other obligations, that affect, for example, our sales, marketing and other promotional activities.
- We are responsible for worldwide sales, marketing, distribution, maintenance and regulatory support of the INTERCEPT Blood System. If we fail in our efforts to develop or maintain such internal competencies or establish acceptable relationships with third parties to support us in these areas on a timely basis, our ability to commercialize the INTERCEPT Blood System may be irreparably harmed.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| ATEC | Alphatec Holdings, Inc. | USD 11.36 | ▲ 4.6% |
| BFLY | Butterfly Network, Inc. | USD 6.81 | ▼ 4.08% |
| ESTA | Establishment Labs Holdings Inc | USD 63.52 | ▲ 1.99% |
| ALMR | Alamar Biosciences, Inc. | USD 29.72 | ▼ 5.5% |
| INSP | Inspire Medical Systems, Inc. | USD 72.66 | ▲ 2.24% |
| AXGN | AxoGen, Inc. | USD 36.68 | ▲ 0.55% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 10:38 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt