CareDx, Inc (NASDAQ:CDNA – Get Rating) saw an uptick in trading volume on Wednesday . 109,693 shares were traded during trading, a decline of 87% from the previous session’s volume of 822,808 shares.The stock last traded at $17.07 and had previously closed at $16.92.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on CDNA. StockNews.com upgraded shares of CareDx from a “sell” rating to a “hold” rating in a research report on Wednesday. BTIG Research cut their price objective on shares of CareDx to $37.00 in a research report on Monday, August 15th. One investment analyst has rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $56.50.
CareDx Price Performance
The stock has a 50-day simple moving average of $21.39 and a two-hundred day simple moving average of $26.43.
Insider Buying and Selling
In other CareDx news, Director Grace Colon sold 2,521 shares of the company’s stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $24.81, for a total value of $62,546.01. Following the completion of the transaction, the director now directly owns 4,864 shares in the company, valued at approximately $120,675.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 4.60% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the company. Hardy Reed LLC bought a new position in shares of CareDx during the 1st quarter valued at approximately $41,000. Grandeur Peak Global Advisors LLC purchased a new stake in CareDx in the first quarter worth $87,000. Lazard Asset Management LLC increased its stake in CareDx by 64.0% in the second quarter. Lazard Asset Management LLC now owns 5,290 shares of the company’s stock worth $113,000 after purchasing an additional 2,065 shares during the period. Shell Asset Management Co. increased its stake in CareDx by 152.9% in the second quarter. Shell Asset Management Co. now owns 5,953 shares of the company’s stock worth $128,000 after purchasing an additional 3,599 shares during the period. Finally, Point72 Hong Kong Ltd purchased a new stake in CareDx in the first quarter worth $131,000.
CareDx Company Profile
CareDx, Inc discovers, develops, and commercializes diagnostic solutions for transplant patients and caregivers worldwide. It provides AlloSure Kidney, a donor-derived cell-free DNA (dd-cfDNA) solution for kidney transplant patients; AlloMap Heart, a gene expression solution for heart transplant patients; AlloSure Heart, a dd-cfDNA solution for heart transplant patients; and AlloSure Lung, a dd-cfDNA solution for lung transplant patients.
- Get a free copy of the StockNews.com research report on CareDx (CDNA)
- The Institutions Hold On To Darden Restaurants International
- What Steelcase’s Earnings Say About the Return to the Office?
- Is The Golden Age Of Homebuilding Already Over?
- These 3 Big Dividend Payers Also Boast Strong Price Growth
- Natural Gas Prices Continue To Rally, These Stocks Should Benefit
Receive News & Ratings for CareDx Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CareDx and related companies with MarketBeat.com's FREE daily email newsletter.