CareDx (NASDAQ:CDNA) announced its earnings results on Thursday. The company reported ($0.54) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.42), Morningstar.com reports. CareDx had a negative net margin of 121.92% and a negative return on equity of 108.99%. The company had revenue of $21.18 million during the quarter, compared to analysts’ expectations of $18.47 million. CareDx updated its FY 2018 guidance to EPS.

CareDx stock opened at $25.61 on Friday. The company has a current ratio of 2.16, a quick ratio of 1.83 and a debt-to-equity ratio of 0.46. CareDx has a 1-year low of $4.92 and a 1-year high of $30.15. The company has a market capitalization of $1.03 billion, a P/E ratio of -33.26 and a beta of 1.06.

In related news, insider Sasha King sold 11,500 shares of CareDx stock in a transaction that occurred on Friday, October 5th. The stock was sold at an average price of $24.60, for a total value of $282,900.00. Following the sale, the insider now directly owns 53,542 shares in the company, valued at $1,317,133.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Neil Gagnon sold 108,599 shares of CareDx stock in a transaction that occurred on Wednesday, October 31st. The shares were sold at an average price of $27.05, for a total value of $2,937,602.95. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 163,954 shares of company stock worth $4,187,359. Company insiders own 3.40% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Strs Ohio purchased a new stake in shares of CareDx in the second quarter valued at approximately $116,000. Meeder Asset Management Inc. purchased a new stake in shares of CareDx in the third quarter valued at approximately $124,000. Metropolitan Life Insurance Co. NY purchased a new stake in shares of CareDx in the second quarter valued at approximately $139,000. Voya Investment Management LLC purchased a new stake in shares of CareDx in the second quarter valued at approximately $153,000. Finally, Fox Run Management L.L.C. purchased a new stake in shares of CareDx in the second quarter valued at approximately $178,000. Hedge funds and other institutional investors own 74.63% of the company’s stock.

Several research analysts have weighed in on the company. Craig Hallum reiterated a “buy” rating and issued a $40.00 target price on shares of CareDx in a research note on Friday. HC Wainwright reiterated a “neutral” rating and issued a $22.00 target price on shares of CareDx in a research note on Tuesday, September 18th. BidaskClub upgraded CareDx from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 14th. Zacks Investment Research downgraded CareDx from a “buy” rating to a “sell” rating in a research note on Wednesday, August 15th. Finally, Raymond James reiterated a “strong-buy” rating and issued a $30.00 target price on shares of CareDx in a research note on Tuesday, October 23rd. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and three have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $29.60.

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About CareDx

CareDx, Inc, a transplant diagnostics company, together with its subsidiaries, engages in the discovery, development, and commercialization of diagnostic surveillance solutions for transplant patients worldwide. It operates through two segments, Post-Transplant Diagnostics and Pre-Transplant Diagnostics.

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Earnings History for CareDx (NASDAQ:CDNA)

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