Semler Scientific (NASDAQ:SMLR) Shares Gap Up - Here's Why

Shares of Semler Scientific, Inc. (NASDAQ:SMLR - Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $58.24, but opened at $62.00. Semler Scientific shares last traded at $64.75, with a volume of 86,980 shares trading hands.

Semler Scientific Price Performance

The stock has a market cap of $599.58 million, a PE ratio of 31.55 and a beta of 1.18. The business has a 50 day moving average price of $59.12 and a two-hundred day moving average price of $39.32.

Semler Scientific (NASDAQ:SMLR - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.72 EPS for the quarter, beating analysts' consensus estimates of $0.37 by $0.35. The company had revenue of $13.51 million during the quarter. Semler Scientific had a net margin of 27.00% and a return on equity of 20.31%.

Institutional Trading of Semler Scientific

A number of institutional investors have recently modified their holdings of SMLR. Cerity Partners LLC raised its position in Semler Scientific by 91.5% during the 3rd quarter. Cerity Partners LLC now owns 1,345,586 shares of the company's stock valued at $31,689,000 after purchasing an additional 642,982 shares during the last quarter. Shariaportfolio Inc. purchased a new position in shares of Semler Scientific during the third quarter valued at approximately $3,618,000. AQR Capital Management LLC raised its holdings in shares of Semler Scientific by 150.1% during the second quarter. AQR Capital Management LLC now owns 140,498 shares of the company's stock valued at $4,833,000 after acquiring an additional 84,314 shares in the last quarter. Geode Capital Management LLC lifted its stake in Semler Scientific by 10.5% in the third quarter. Geode Capital Management LLC now owns 135,959 shares of the company's stock worth $3,202,000 after acquiring an additional 12,964 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in Semler Scientific by 18.3% in the second quarter. Dimensional Fund Advisors LP now owns 126,177 shares of the company's stock valued at $4,341,000 after acquiring an additional 19,552 shares in the last quarter. 49.37% of the stock is currently owned by hedge funds and other institutional investors.

Semler Scientific Company Profile

Semler Scientific, Inc provides technology solutions to enhance the clinical effectiveness and efficiency of healthcare providers in the United States. The company's products include QuantaFlo, a four-minute in-office blood flow test that enables healthcare providers to use blood flow measurements as part of their examinations of a patient's vascular condition.