EXACT Sciences (EXAS) Given a $65.00 Price Target at Benchmark
Several other equities analysts have also recently issued reports on the company. Bank of America boosted their target price on EXACT Sciences from $58.00 to $67.00 and gave the stock a buy rating in a research report on Wednesday, November 29th. Leerink Swann reissued an outperform rating and set a $67.00 price target (up previously from $63.00) on shares of EXACT Sciences in a research note on Monday, November 13th. Robert W. Baird lowered EXACT Sciences from an outperform rating to a neutral rating and set a $56.00 price target on the stock. in a research note on Monday, November 13th. Canaccord Genuity reissued a buy rating and set a $60.00 price target (up previously from $45.00) on shares of EXACT Sciences in a research note on Tuesday, October 3rd. Finally, Jefferies Group boosted their price target on EXACT Sciences to $60.00 and gave the stock a buy rating in a research note on Tuesday, October 31st. Eight equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. EXACT Sciences currently has a consensus rating of Buy and a consensus target price of $51.64.
EXACT Sciences (EXAS) traded down $0.97 during midday trading on Wednesday, reaching $47.82. The company’s stock had a trading volume of 4,770,280 shares, compared to its average volume of 2,808,867. The company has a debt-to-equity ratio of 0.01, a current ratio of 10.34 and a quick ratio of 9.98. EXACT Sciences has a 52 week low of $16.95 and a 52 week high of $63.60. The firm has a market cap of $5,725.49, a PE ratio of -41.22 and a beta of 0.68.
In related news, insider Kevin T. Conroy sold 125,402 shares of the company’s stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $52.79, for a total value of $6,619,971.58. Following the sale, the insider now owns 955,454 shares of the company’s stock, valued at approximately $50,438,416.66. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP D Scott Coward sold 1,665 shares of the company’s stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $52.54, for a total value of $87,479.10. Following the completion of the sale, the senior vice president now directly owns 37,558 shares in the company, valued at approximately $1,973,297.32. The disclosure for this sale can be found here. In the last ninety days, insiders sold 735,835 shares of company stock worth $40,961,278. 4.00% of the stock is owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of EXAS. Fred Alger Management Inc. purchased a new stake in EXACT Sciences in the 2nd quarter valued at approximately $84,177,000. Lord Abbett & CO. LLC lifted its stake in EXACT Sciences by 59.1% in the 2nd quarter. Lord Abbett & CO. LLC now owns 2,356,706 shares of the medical research company’s stock valued at $83,357,000 after buying an additional 875,527 shares in the last quarter. Vanguard Group Inc. lifted its stake in EXACT Sciences by 8.0% in the 2nd quarter. Vanguard Group Inc. now owns 9,459,679 shares of the medical research company’s stock valued at $334,589,000 after buying an additional 700,051 shares in the last quarter. FMR LLC lifted its stake in EXACT Sciences by 32.7% in the 2nd quarter. FMR LLC now owns 2,318,269 shares of the medical research company’s stock valued at $81,997,000 after buying an additional 571,796 shares in the last quarter. Finally, Frontier Capital Management Co. LLC lifted its stake in EXACT Sciences by 163.0% in the 3rd quarter. Frontier Capital Management Co. LLC now owns 916,713 shares of the medical research company’s stock valued at $43,196,000 after buying an additional 568,144 shares in the last quarter. 82.39% of the stock is currently owned by hedge funds and other institutional investors.
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About EXACT Sciences
Exact Sciences Corporation is a molecular diagnostics company. The Company focuses on the early detection and prevention of some forms of cancer. It offers a non-invasive screening test called Cologuard for the early detection of colorectal cancer and pre-cancer. Its Cologuard test is a stool-based deoxyribonucleic acid (sDNA) screening test, which utilizes a multi-target approach to detect deoxyribonucleic acid (DNA) and hemoglobin biomarkers associated with colorectal cancer and pre-cancer.
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