Myriad Genetics, Inc. (MYGN) VP Sells $498,763.75 in Stock
Myriad Genetics, Inc. (NASDAQ:MYGN) VP Richard M. Marsh sold 13,759 shares of the business’s stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $36.25, for a total value of $498,763.75. Following the transaction, the vice president now directly owns 136,385 shares of the company’s stock, valued at approximately $4,943,956.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Myriad Genetics, Inc. (NASDAQ:MYGN) traded down $0.26 during trading on Tuesday, hitting $35.79. The stock had a trading volume of 1,073,954 shares, compared to its average volume of 567,490. Myriad Genetics, Inc. has a one year low of $15.15 and a one year high of $37.30. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.34 and a quick ratio of 2.06. The firm has a market capitalization of $2,500.00, a P/E ratio of 24.18, a P/E/G ratio of 2.29 and a beta of 0.24.
Myriad Genetics (NASDAQ:MYGN) last released its quarterly earnings data on Tuesday, November 7th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.05. Myriad Genetics had a return on equity of 9.54% and a net margin of 13.28%. The company had revenue of $190.20 million during the quarter, compared to the consensus estimate of $183.52 million. During the same quarter in the prior year, the firm posted $0.23 earnings per share. The firm’s revenue was up 7.2% compared to the same quarter last year. equities research analysts predict that Myriad Genetics, Inc. will post 1.05 EPS for the current fiscal year.
A number of hedge funds have recently made changes to their positions in MYGN. Dimensional Fund Advisors LP boosted its holdings in Myriad Genetics by 29.8% in the second quarter. Dimensional Fund Advisors LP now owns 3,430,216 shares of the company’s stock valued at $88,636,000 after acquiring an additional 787,396 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in Myriad Genetics by 98.2% in the third quarter. Wells Fargo & Company MN now owns 844,339 shares of the company’s stock valued at $30,548,000 after acquiring an additional 418,335 shares during the last quarter. PDT Partners LLC bought a new stake in Myriad Genetics in the second quarter valued at approximately $8,481,000. Northern Trust Corp boosted its holdings in Myriad Genetics by 31.1% in the second quarter. Northern Trust Corp now owns 1,292,588 shares of the company’s stock valued at $33,400,000 after acquiring an additional 306,276 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec bought a new stake in Myriad Genetics in the third quarter valued at approximately $9,083,000.
Several brokerages have commented on MYGN. Barclays reissued a “hold” rating and set a $30.00 target price on shares of Myriad Genetics in a research note on Monday, January 8th. BTIG Research began coverage on Myriad Genetics in a research note on Friday, January 5th. They set a “buy” rating and a $41.00 target price for the company. Stephens set a $45.00 target price on Myriad Genetics and gave the stock a “buy” rating in a research note on Wednesday, January 3rd. Zacks Investment Research downgraded Myriad Genetics from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 15th. Finally, ValuEngine downgraded Myriad Genetics from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company’s stock. Myriad Genetics has a consensus rating of “Hold” and a consensus price target of $30.09.
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Myriad Genetics Company Profile
Myriad Genetics, Inc is a molecular diagnostic company. The Company is engaged in the discovery, development and marketing of transformative molecular diagnostic tests. The Company operates through two segments: diagnostics and other. The diagnostics segment provides testing and collaborative development of testing that is designed to assess an individual’s risk for developing disease later in life, identify a patient’s likelihood of responding to drug therapy and guide a patient’s dosing to enable optimal treatment, or assess a patient’s risk of disease progression and disease recurrence.
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