EXACT Sciences Co. (EXAS) Receives $50.97 Consensus Target Price from Analysts

Shares of EXACT Sciences Co. (NASDAQ:EXAS) have received a consensus recommendation of “Buy” from the eighteen analysts that are covering the stock, MarketBeat Ratings reports. Eight research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $50.97.

Several research analysts have weighed in on EXAS shares. Jefferies Group boosted their price target on EXACT Sciences to $60.00 and gave the stock a “buy” rating in a research report on Tuesday, October 31st. Bank of America set a $56.00 price target on EXACT Sciences and gave the stock a “buy” rating in a research report on Thursday, October 19th. Robert W. Baird reaffirmed a “buy” rating and set a $49.00 price target on shares of EXACT Sciences in a research report on Friday, October 6th. Canaccord Genuity reaffirmed a “buy” rating and set a $60.00 price target (up previously from $45.00) on shares of EXACT Sciences in a research report on Tuesday, October 3rd. Finally, Zacks Investment Research raised EXACT Sciences from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a research report on Tuesday, September 26th.

In related news, CEO Kevin T. Conroy sold 137,805 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $59.14, for a total transaction of $8,149,787.70. Following the transaction, the chief executive officer now directly owns 967,867 shares of the company’s stock, valued at approximately $57,239,654.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Kevin T. Conroy sold 134,057 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $59.50, for a total value of $7,976,391.50. The disclosure for this sale can be found here. Insiders have sold a total of 610,433 shares of company stock worth $34,341,306 over the last three months. 4.00% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of the stock. Krilogy Financial LLC grew its holdings in EXACT Sciences by 1,460.0% in the 2nd quarter. Krilogy Financial LLC now owns 3,900 shares of the medical research company’s stock valued at $138,000 after buying an additional 3,650 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in EXACT Sciences by 17.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,072 shares of the medical research company’s stock valued at $144,000 after buying an additional 600 shares in the last quarter. Crow Point Partners LLC acquired a new position in EXACT Sciences in the 4th quarter valued at $145,000. Oppenheimer Asset Management Inc. grew its holdings in EXACT Sciences by 2,925.7% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 3,177 shares of the medical research company’s stock valued at $150,000 after buying an additional 3,072 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in EXACT Sciences by 66.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,052 shares of the medical research company’s stock valued at $179,000 after buying an additional 2,013 shares in the last quarter. 82.39% of the stock is currently owned by institutional investors and hedge funds.

EXACT Sciences (EXAS) traded down $2.44 during trading hours on Tuesday, hitting $52.62. The company’s stock had a trading volume of 6,302,800 shares, compared to its average volume of 1,960,000. The firm has a market cap of $6,300.00, a price-to-earnings ratio of -45.76 and a beta of 0.68. EXACT Sciences has a 52-week low of $16.95 and a 52-week high of $63.60. The company has a debt-to-equity ratio of 0.01, a current ratio of 10.34 and a quick ratio of 9.98.

EXACT Sciences (NASDAQ:EXAS) last posted its quarterly earnings results on Monday, October 30th. The medical research company reported ($0.23) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.30) by $0.07. The firm had revenue of $72.60 million for the quarter, compared to analyst estimates of $65.03 million. EXACT Sciences had a negative return on equity of 30.32% and a negative net margin of 60.71%. The business’s quarterly revenue was up 158.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.36) EPS. equities research analysts forecast that EXACT Sciences will post -1.1 EPS for the current year.

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About EXACT Sciences

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 (NASDAQ:EXAS)

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