Economy

Exact Sciences Corporation (NASDAQ:EXAS) Traded Above Its 50 Day Average

Roth Capital reaffirmed a "buy" rating and issued a $40.00 target price (up previously from $33.00) on shares of Exact Sciences Corporation in a report on Thursday, June 1st.

Exact Sciences Corporation (NASDAQ:EXAS) opened at 43.40 on Thursday. It has outperformed by 441.54% the S&P500.The move comes after 9 months positive chart setup for the $5.34 billion company. Therefore 58% are positive. Patisserie Holdings had 30 analyst reports since October 9, 2015 according to SRatingsIntel. As per Monday, August 24, the company rating was maintained by Canaccord Genuity. JP Morgan maintained Petrofac Limited (LON:PFC) on Friday, February 5 with "Overweight" rating. FinnCap maintained it with "Hold" rating and GBX 350 target in Wednesday, August 10 report. On Friday, November 27 the stock rating was maintained by Cantor Fitzgerald with "Buy". On Thursday, July 14 the stock rating was maintained by Liberum Capital with "Buy". The firm has "Hold" rating by Jefferies given on Tuesday, January 19. EXACT Sciences Corporation (NASDAQ:EXAS) has risen 458.24% since September 21, 2016 and is uptrending. The stock's market cap is $5.36 billion. The Company focuses on the early detection and prevention of some forms of cancer. It now has negative earnings. It offers a non-invasive screening test called Cologuard for the early detection of colorectal cancer and pre-cancer.

Analysts await Urstadt Biddle Properties Inc (NYSE:UBA) to report earnings on December, 21.

As of the last earnings report the EPS was $-1.29 and is estimated to be $-1.18 for the current year with 119,096,000 shares outstanding. After $-0.27 actual EPS reported by EXACT Sciences Corporation for the previous quarter, Wall Street now forecasts 14.81% negative EPS growth.

Investors sentiment increased to 1.27 in 2017 Q2. Its up 0.28, from 0.99 in 2017Q1. Finally, Wells Fargo & Company MN increased its holdings in Exact Sciences Corporation by 48.4% in the 1st quarter. Schwab Charles Invest has invested 0.02% in EXACT Sciences Corporation (NASDAQ:EXAS). Pier Capital LLC owned about 0.08% of Exact Sciences Corporation worth $3,164,000 as of its most recent filing with the Securities and Exchange Commission. 437,500 were reported by Rock Springs Capital Mngmt L P. Great West Life Assurance Can holds 0% of its portfolio in EXACT Sciences Corporation (NASDAQ:EXAS) for 10,761 shares. Wolverine Asset Mgmt Ltd Co owns 253,900 shares or 0.11% of their USA portfolio. Short shares grew 225,034 over that timeframe. Teachers Advisors LLC now owns 175,264 shares of the medical research company's stock worth $2,342,000 after acquiring an additional 3,452 shares during the period. Meeder Asset Mngmt Inc invested in 0% or 1,246 shares. The Texas-based Hodges Capital Management Inc. has invested 1.51% in the stock. Ardsley Advisory Ptnrs invested in 0.05% or 7,500 shares. Gsa Capital Prtn Llp has invested 0.01% in EXACT Sciences Corporation (NASDAQ:EXAS). M&T Bank Corporation stated it has 0% in EXACT Sciences Corporation (NASDAQ:EXAS). Therefore 60% are positive. Craig Hallum boosted their price target on shares of Exact Sciences Corporation from $35.00 to $41.00 in a report on Friday, July 7th.

The stock of EXACT Sciences Corporation (NASDAQ:EXAS) hit a new 52-week high and has $47.83 target or 7.00% above today's $44.70 share price.

Analysts await EXACT Sciences Corporation (NASDAQ:EXAS) to report earnings on October, 25. The rating was maintained by Leerink Swann on Thursday, August 24 with "Buy". As per Tuesday, February 21, the company rating was upgraded by Benchmark. The stock of EXACT Sciences Corporation (NASDAQ:EXAS) has "Buy" rating given on Tuesday, September 12 by Jefferies. Five analysts rating the company a strong buy, one analyst rating the company a buy, seven analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $8.55. Nationwide Fund Advisors now owns 149,167 shares of the medical research company's stock valued at $3,523,000 after buying an additional 51,085 shares during the period. COWARD D SCOTT also sold $36,631 worth of EXACT Sciences Corporation (NASDAQ:EXAS) on Friday, March 31.

In other Exact Sciences Corporation news, insider Graham Peter Lidgard sold 75,683 shares of the company's stock in a transaction dated Tuesday, September 5th. Benchmark has "Buy" rating and $27 target. The company was maintained on Friday, February 26 by Empire. Amer National Tx has invested 0.32% of its portfolio in EXACT Sciences Corporation (NASDAQ:EXAS).

Since March 31, 2017, it had 0 buys, and 1 insider sale for $36,631 activity. The NASDAQ listed company saw a recent bid of $44.74 and 624681 shares have traded hands in the session. Concho Resources Inc (NYSE:CXO) has risen 13.53% since September 21, 2016 and is uptrending. It has underperformed by 16.70% the S&P500.

Several other institutional investors have also recently modified their holdings of the company. It has a 20.79 P/E ratio. The Company's four operating areas include the Northern Delaware Basin, the Southern Delaware Basin, the Midland Basin and the New Mexico Shelf.

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