Ignyta, Inc. (RXDX) Shares Bought by Victory Capital Management Inc

Several brokerages recently commented on RXDX. ValuEngine upgraded Ignyta from a "sell" rating to a "hold" rating in a research report on Thursday, June 15th.

Shares of Ignyta, Inc. It develops precision medicine with integrated Rx/Dx solutions for cancer patients. Jefferies Group LLC's target price indicates a potential upside of 170.00% from the company's current price. Ignyta Inc (NDAQ:RXDX) has risen 14.24% since June 23, 2016 and is uptrending. The stock has "Buy" rating by Cantor Fitzgerald on Monday, October 26. The company now has an average rating of "Buy" and an average price target of $17.40.

Shares of Ignyta (RXDX) opened at 10.00 on Thursday. Renaissance Technologies LLC now owns 92,100 shares of the biopharmaceutical company's stock valued at $488,000 after buying an additional 2,200 shares during the period. Ignyta, Inc. has a 12 month low of $4.15 and a 12 month high of $10.50. The company's market capitalization is $446.60 million.

The stock is now moving with a Positive distance from 200-Day Simple Moving Average of about 50.67% and has a pretty decent Year to Date (YTD) Performance of 95.28% which means the stock is constantly adding to its value from previous fiscal year end price.

Wall Street analysts are predicting that Ignyta Inc Cmn (NASDAQ:RXDX) will report earnings per share of $-0.63 in their quarterly report. The biopharmaceutical company reported ($0.96) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.69) by $0.27. Equities research analysts forecast that Ignyta, Inc. will post ($2.71) earnings per share for the current fiscal year. Blackrock Limited Liability Co reported 0% in Ignyta Inc (NASDAQ:RXDX).

WARNING: This report was first posted by Transcript Daily and is the property of of Transcript Daily. If you are reading this report on another website, it was stolen and reposted in violation of United States and global copyright & trademark law. The legal version of this story can be viewed at Hedge funds and other institutional investors own 47.79% of the company's stock.

Investors as well as the sell-side will be paying close attention to how the actual numbers compare with the estimates. Dimensional Fund Advisors LP boosted its position in shares of Ignyta by 97.1% in the fourth quarter. Victory Capital Management Inc. now owns 2,804,834 shares of the biopharmaceutical company's stock valued at $24,122,000 after buying an additional 390,741 shares during the last quarter. Goldman Sachs Group Inc. acquired a new stake in Ignyta during the first quarter worth $133,000. RA Capital Management LLC owned 2.45% of Ignyta at the end of the most recent quarter. American International Group Inc. now owns 18,148 shares of the biopharmaceutical company's stock worth $156,000 after buying an additional 1,197 shares during the period. NY purchased a new stake in shares of Ignyta during the first quarter valued at $201,000.

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