NeoGenomics (NEO) Upgraded by BTIG Research to “Outperform”
A number of other equities analysts also recently weighed in on the stock. Canaccord Genuity boosted their target price on shares of NeoGenomics from $23.00 to $24.00 in a research note on Tuesday, March 13th. Royal Bank of Canada boosted their target price on shares of NeoGenomics from $23.00 to $24.00 and gave the stock an outperform rating in a research note on Tuesday, March 13th. Scotiabank boosted their target price on shares of NeoGenomics from $22.00 to $23.00 and gave the stock an outperform rating in a research note on Tuesday, March 13th. ValuEngine downgraded shares of NeoGenomics from a hold rating to a sell rating in a research note on Wednesday, March 7th. Finally, Zacks Investment Research raised shares of NeoGenomics from a sell rating to a hold rating in a research note on Thursday, March 1st. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of $17.29.
NASDAQ:NEO opened at $9.05 on Monday. The stock has a market capitalization of $683.51, a price-to-earnings ratio of 150.83, a PEG ratio of 4.72 and a beta of 0.42. NeoGenomics has a 12 month low of $7.08 and a 12 month high of $11.63. The company has a current ratio of 2.42, a quick ratio of 2.21 and a debt-to-equity ratio of 0.56.
Several institutional investors and hedge funds have recently bought and sold shares of NEO. Teacher Retirement System of Texas bought a new stake in shares of NeoGenomics during the fourth quarter worth approximately $182,000. Howland Capital Management LLC grew its holdings in NeoGenomics by 67.6% during the fourth quarter. Howland Capital Management LLC now owns 21,782 shares of the medical research company’s stock valued at $193,000 after purchasing an additional 8,782 shares during the period. MetLife Investment Advisors LLC acquired a new position in NeoGenomics during the fourth quarter valued at approximately $235,000. Aperio Group LLC acquired a new position in NeoGenomics during the fourth quarter valued at approximately $243,000. Finally, Stone Ridge Asset Management LLC acquired a new position in NeoGenomics during the fourth quarter valued at approximately $281,000. 84.63% of the stock is owned by institutional investors and hedge funds.
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NeoGenomics, Inc, together with its subsidiaries, operates a network of cancer-focused genetic testing laboratories in the United States. It operates through Clinical Services and Pharma Services segments. The company laboratories provide genetic and molecular testing services to hospitals, pathologists, oncologists, urologists, other clinicians and researchers, pharmaceutical firms, and other clinical laboratories.
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