EXACT Sciences Co. (NASDAQ:EXAS) SVP D Scott Coward sold 1,665 shares of the firm’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $52.54, for a total transaction of $87,479.10. Following the completion of the sale, the senior vice president now owns 37,558 shares of the company’s stock, valued at approximately $1,973,297.32. The transaction was disclosed in a document filed with the SEC, which is available at this link.
EXACT Sciences Co. (NASDAQ EXAS) traded down $2.44 during trading hours on Friday, hitting $52.62. 6,362,398 shares of the company’s stock traded hands, compared to its average volume of 1,960,000. EXACT Sciences Co. has a 12-month low of $16.95 and a 12-month high of $63.60. The firm has a market capitalization of $6,300.00, a P/E ratio of -45.76 and a beta of 0.68. The company has a debt-to-equity ratio of 0.01, a quick ratio of 9.98 and a current ratio of 10.34.
EXACT Sciences (NASDAQ:EXAS) last released its quarterly earnings results on Monday, October 30th. The medical research company reported ($0.23) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.30) by $0.07. EXACT Sciences had a negative net margin of 60.71% and a negative return on equity of 30.32%. The business had revenue of $72.60 million for the quarter, compared to the consensus estimate of $65.03 million. During the same period in the prior year, the company posted ($0.36) earnings per share. EXACT Sciences’s revenue was up 158.4% compared to the same quarter last year. equities research analysts expect that EXACT Sciences Co. will post -1.09 earnings per share for the current year.
Several hedge funds have recently added to or reduced their stakes in the stock. Crow Point Partners LLC acquired a new position in shares of EXACT Sciences in the fourth quarter valued at about $145,000. Public Employees Retirement System of Ohio lifted its position in EXACT Sciences by 69.7% during the third quarter. Public Employees Retirement System of Ohio now owns 122,201 shares of the medical research company’s stock worth $5,758,000 after purchasing an additional 50,185 shares during the period. Piedmont Investment Advisors LLC bought a new stake in EXACT Sciences during the third quarter worth about $514,000. California Public Employees Retirement System lifted its position in EXACT Sciences by 2.8% during the third quarter. California Public Employees Retirement System now owns 190,338 shares of the medical research company’s stock worth $8,969,000 after purchasing an additional 5,238 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. lifted its position in EXACT Sciences by 117.9% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,730 shares of the medical research company’s stock worth $327,000 after purchasing an additional 3,642 shares during the period. Institutional investors and hedge funds own 82.39% of the company’s stock.
A number of brokerages recently issued reports on EXAS. Leerink Swann restated an “outperform” rating and set a $50.00 price objective (up previously from $45.00) on shares of EXACT Sciences in a report on Thursday, September 21st. BidaskClub raised shares of EXACT Sciences from a “hold” rating to a “buy” rating in a research note on Thursday, December 21st. William Blair reaffirmed a “buy” rating on shares of EXACT Sciences in a research note on Wednesday. Canaccord Genuity reissued a “buy” rating and issued a $60.00 price objective (up previously from $45.00) on shares of EXACT Sciences in a research report on Tuesday, October 3rd. Finally, Zacks Investment Research raised shares of EXACT Sciences from a “hold” rating to a “buy” rating and set a $51.00 price objective on the stock in a research report on Tuesday, September 26th. Eight analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $50.58.
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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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