Insider Selling: Myriad Genetics, Inc. (MYGN) Director Sells $248,925.00 in Stock
Myriad Genetics, Inc. (NASDAQ:MYGN) Director Walter Phd Gilbert sold 7,500 shares of the stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $33.19, for a total transaction of $248,925.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Shares of Myriad Genetics, Inc. (NASDAQ MYGN) opened at $33.47 on Monday. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.34 and a quick ratio of 2.06. The company has a market cap of $2,317.50, a PE ratio of 30.71, a P/E/G ratio of 2.13 and a beta of 0.25. Myriad Genetics, Inc. has a 12-month low of $15.15 and a 12-month high of $37.30.
Myriad Genetics (NASDAQ:MYGN) last announced its quarterly earnings data on Tuesday, November 7th. The company reported $0.26 EPS for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.05. Myriad Genetics had a net margin of 13.28% and a return on equity of 9.54%. The firm had revenue of $190.20 million during the quarter, compared to the consensus estimate of $183.52 million. During the same quarter last year, the firm earned $0.23 earnings per share. The firm’s revenue was up 7.2% compared to the same quarter last year. equities analysts forecast that Myriad Genetics, Inc. will post 1.05 EPS for the current year.
Several brokerages have recently weighed in on MYGN. Zacks Investment Research downgraded shares of Myriad Genetics from a “strong-buy” rating to a “hold” rating in a research note on Friday. Cowen reiterated a “hold” rating and set a $25.00 target price on shares of Myriad Genetics in a research note on Sunday, September 17th. Stephens reiterated an “overweight” rating and set a $40.00 target price (up previously from $36.00) on shares of Myriad Genetics in a research note on Friday, September 22nd. ValuEngine downgraded shares of Myriad Genetics from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Finally, Leerink Swann reiterated a “market perform” rating and set a $31.00 target price on shares of Myriad Genetics in a research note on Monday, October 2nd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $28.10.
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About Myriad Genetics
Myriad Genetics, Inc is a molecular diagnostic company. The Company is engaged in the discovery, development and marketing of transformative molecular diagnostic tests. The Company operates through two segments: diagnostics and other. The diagnostics segment provides testing and collaborative development of testing that is designed to assess an individual’s risk for developing disease later in life, identify a patient’s likelihood of responding to drug therapy and guide a patient’s dosing to enable optimal treatment, or assess a patient’s risk of disease progression and disease recurrence.
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