BTIG Research downgraded shares of Exact Sciences Corporation (NASDAQ:EXAS) from a buy rating to a neutral rating in a research note published on Wednesday.

Other research analysts have also issued research reports about the company. Vetr upgraded Exact Sciences Corporation from a sell rating to a hold rating and set a $36.55 target price on the stock in a report on Tuesday, July 25th. Robert W. Baird raised their target price on Exact Sciences Corporation from $49.00 to $56.00 and gave the company an outperform rating in a report on Tuesday. Jefferies Group LLC raised their target price on Exact Sciences Corporation to $60.00 and gave the company a buy rating in a report on Tuesday. Roth Capital raised their target price on Exact Sciences Corporation from $40.00 to $46.00 and gave the company a buy rating in a report on Wednesday, July 26th. Finally, Lake Street Capital raised their target price on Exact Sciences Corporation from $30.00 to $41.00 and gave the company a hold rating in a report on Wednesday, July 26th. Seven equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of $49.71.

Exact Sciences Corporation (NASDAQ:EXAS) last posted its earnings results on Monday, October 30th. The medical research company reported ($0.23) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.30) by $0.07. Exact Sciences Corporation had a negative return on equity of 30.32% and a negative net margin of 60.71%. The company had revenue of $72.60 million for the quarter, compared to analyst estimates of $65.03 million. During the same quarter last year, the company earned ($0.36) earnings per share. The company’s revenue for the quarter was up 158.4% on a year-over-year basis.

COPYRIGHT VIOLATION NOTICE: “Exact Sciences Corporation (EXAS) Downgraded by BTIG Research to Neutral” was first reported by Watch List News and is the sole property of of Watch List News. If you are reading this story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright law. The original version of this story can be read at https://www.watchlistnews.com/exact-sciences-corporation-exas-downgraded-by-btig-research-to-neutral/1674241.html.

In related news, Director Thomas D. Carey purchased 2,500 shares of Exact Sciences Corporation stock in a transaction dated Thursday, August 17th. The stock was bought at an average cost of $37.71 per share, for a total transaction of $94,275.00. Following the completion of the transaction, the director now owns 60,858 shares in the company, valued at $2,294,955.18. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP D Scott Coward sold 29,115 shares of Exact Sciences Corporation stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $47.16, for a total value of $1,373,063.40. Following the completion of the transaction, the senior vice president now owns 64,991 shares of the company’s stock, valued at $3,064,975.56. The disclosure for this sale can be found here. Over the last quarter, insiders sold 231,598 shares of company stock valued at $10,182,030. 4.00% of the stock is owned by company insiders.

A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Exact Sciences Corporation by 8.0% during the second 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 during the period. BlackRock Inc. boosted its stake in Exact Sciences Corporation by 1.2% during the second quarter. BlackRock Inc. now owns 6,884,886 shares of the medical research company’s stock valued at $243,518,000 after buying an additional 80,589 shares during the period. Fred Alger Management Inc. bought a new stake in Exact Sciences Corporation during the second quarter valued at $84,177,000. Lord Abbett & CO. LLC boosted its stake in Exact Sciences Corporation by 59.1% during the second 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 during the period. Finally, FMR LLC boosted its stake in Exact Sciences Corporation by 32.7% during the second 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 during the period. 85.12% of the stock is owned by institutional investors.

About Exact Sciences Corporation

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.

Analyst Recommendations for Exact Sciences Corporation (NASDAQ:EXAS)

Receive News & Ratings for Exact Sciences Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exact Sciences Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.