Insider Selling: EXACT Sciences Co. (NASDAQ:EXAS) CFO Sells 8,746 Shares of Stock
EXACT Sciences Co. (NASDAQ:EXAS) CFO Jeffrey Thomas Elliott sold 8,746 shares of the stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $95.58, for a total transaction of $835,942.68. Following the completion of the transaction, the chief financial officer now directly owns 59,109 shares in the company, valued at $5,649,638.22. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of NASDAQ:EXAS opened at $94.75 on Friday. EXACT Sciences Co. has a 1-year low of $35.25 and a 1-year high of $123.31. The stock has a market cap of $14.68 billion, a P/E ratio of -89.39 and a beta of 1.89. The company has a debt-to-equity ratio of 0.64, a current ratio of 6.09 and a quick ratio of 5.81. The firm has a fifty day moving average price of $90.52 and a 200 day moving average price of $81.95.
EXACT Sciences (NASDAQ:EXAS) last released its earnings results on Thursday, July 30th. The medical research company reported ($0.58) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.62) by $0.04. EXACT Sciences had a negative net margin of 13.65% and a negative return on equity of 14.49%. The company had revenue of $268.87 million during the quarter, compared to analysts’ expectations of $229.62 million. Sell-side analysts expect that EXACT Sciences Co. will post -1.63 EPS for the current fiscal year.
A number of research analysts recently commented on EXAS shares. Oppenheimer reaffirmed a “buy” rating on shares of EXACT Sciences in a research report on Wednesday, July 8th. Benchmark increased their target price on shares of EXACT Sciences from $90.00 to $110.00 and gave the company a “buy” rating in a research report on Friday. Robert W. Baird increased their target price on shares of EXACT Sciences from $90.00 to $92.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. Canaccord Genuity dropped their target price on shares of EXACT Sciences from $120.00 to $110.00 and set a “buy” rating on the stock in a research report on Thursday, May 7th. Finally, Bank of America increased their target price on shares of EXACT Sciences from $88.00 to $94.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Eighteen analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and an average target price of $105.80.
EXACT Sciences Company Profile
Exact Sciences Corporation, a molecular diagnostics company, focuses on developing products for the early detection and prevention of various cancers in the United States. The company offers Cologuard, a non-invasive stool-based DNA screening test for the early detection of colorectal cancer and pre-cancer.
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