FULGENT GENETIC (FLGT) Given New $7.50 Price Target at Credit Suisse Group
Other equities analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of FULGENT GENETIC from a sell rating to a hold rating in a research note on Monday, July 10th. Raymond James Financial, Inc. downgraded shares of FULGENT GENETIC from an outperform rating to a mkt perform rating in a research note on Tuesday. Piper Jaffray Companies restated an overweight rating and issued a $7.00 price target (down from $10.00) on shares of FULGENT GENETIC in a research note on Wednesday, August 9th. Finally, ValuEngine upgraded shares of FULGENT GENETIC from a sell rating to a hold rating in a research note on Monday, October 2nd. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of $7.25.
FULGENT GENETIC (NASDAQ:FLGT) opened at $3.32 on Tuesday. FULGENT GENETIC has a one year low of $2.72 and a one year high of $13.90. The company has a market cap of $59.52 and a PE ratio of 167.75.
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Institutional investors have recently made changes to their positions in the business. Wells Fargo & Company MN grew its stake in FULGENT GENETIC by 2,046.0% during the first quarter. Wells Fargo & Company MN now owns 10,730 shares of the company’s stock worth $118,000 after buying an additional 10,230 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in FULGENT GENETIC during the first quarter worth about $122,000. Finally, William Blair Investment Management LLC grew its stake in FULGENT GENETIC by 10.4% during the second quarter. William Blair Investment Management LLC now owns 640,219 shares of the company’s stock worth $4,091,000 after buying an additional 60,508 shares in the last quarter. Hedge funds and other institutional investors own 16.78% of the company’s stock.
FULGENT GENETIC Company Profile
Fulgent Genetics, Inc is a technology company. The Company offers genetic testing to provide physicians with clinically actionable diagnostic information to improve quality of patient care. The Company has developed a technology platform that integrates data comparison and suppression algorithms, adaptive learning software, advanced genetic diagnostics tools and integrated laboratory processes.
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