Kevin T. Conroy Sells 101,488 Shares of EXACT Sciences Co. (EXAS) Stock
EXACT Sciences Co. (NASDAQ:EXAS) insider Kevin T. Conroy sold 101,488 shares of the company’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $45.72, for a total transaction of $4,640,031.36. Following the completion of the sale, the insider now directly owns 931,540 shares of the company’s stock, valued at $42,590,008.80. The sale was disclosed in a filing with the SEC, which is accessible through this link.
EXACT Sciences Co. (NASDAQ EXAS) traded up $0.04 on Tuesday, reaching $47.57. 1,876,123 shares of the company traded hands, compared to its average volume of 3,387,089. The company has a market cap of $5,760.00, a P/E ratio of -41.37 and a beta of 0.58. EXACT Sciences Co. has a 52 week low of $18.50 and a 52 week high of $63.60. The company has a debt-to-equity ratio of 0.01, a quick ratio of 9.98 and a current ratio of 10.34.
EXAS has been the subject of a number of recent analyst reports. Bank of America upped their price objective on shares of EXACT Sciences from $58.00 to $67.00 and gave the stock a “buy” rating in a research report on Wednesday, November 29th. Jefferies Group upped their price objective on shares of EXACT Sciences to $60.00 and gave the stock a “buy” rating in a research report on Tuesday, October 31st. Craig Hallum upped their price objective on shares of EXACT Sciences from $46.00 to $61.00 and gave the stock a “buy” rating in a research report on Tuesday, October 31st. Benchmark reaffirmed a “buy” rating and issued a $60.00 price objective (up from $50.00) on shares of EXACT Sciences in a research report on Tuesday, October 31st. Finally, Canaccord Genuity raised shares of EXACT Sciences to a “buy” rating and set a $60.00 price objective for the company in a research report on Tuesday, October 31st. Eight equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $52.84.
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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.
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