Exact Sciences says Cologuard use more than doubled in the third quarter

Exact Sciences says Cologuard use more than doubled in the third quarter”

Several brokerages recently commented on EXAS. The stock of EXACT Sciences Corporation (NASDAQ:EXAS) earned "Buy" rating by BTIG Research on Monday, July 17. Mizuho lifted their price objective on Exact Sciences Corp. from $10.00 to $15.00 and gave the company a "neutral" rating in a research report on Wednesday, July 27th. Vetr lowered Exact Sciences Corporation from a "buy" rating to a "hold" rating and set a $36.37 target price on the a research report on Thursday, July 6th. The last close places the company's stock about $4.03 off its 52 week high of $9.86 and $0.55 above the 52 week low of $5.28.

Exact Sciences Corporation (EXAS) opened the session with a $49.55 price tag, later ranging from $49.52 to $51.7, the range at which the stock has traded at throughout the day. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. Canaccord Genuity reiterated a "buy" rating and set a $60.00 price target (up previously from $45.00) on shares of Exact Sciences Corporation in a report on Tuesday, October 3rd.

Exact Sciences shares have jumped significantly in recent months. (NASDAQ:EXAS) traded down 2.05% during midday trading on Wednesday, hitting $16.75. Exact stock ended Monday at $50.10 a share, down $1.06. The company's market cap is $5.99 billion. Current price places the company's stock -11.65% away from its 200-day simple moving average, -3.83%, away from the 50-day average and also -6.95% away from 20-day average. (NASDAQ:EXAS) last issued its earnings results on Wednesday, October 26th. The company's quarterly EPS surprised Wall Street by as much as 18% to the upside in its last earnings announcement, so investors should note this tendency when assessing consensus estimates. The business had revenue of $72.60 million during the quarter, compared to analyst estimates of $65.03 million. It last reported revenues of $57.65 million and EPS of -$0.27 for the June 2017, representing 172% top-line growth and -0.46 EPS growth. During the same period in the prior year, the business posted ($0.36) earnings per share.

A number of equities analysts have weighed in on EXAS shares.

In other news, Director Lionel Sterling bought 5,000 shares of the firm's stock in a transaction that occurred on Thursday, September 1st. The stock was purchased at an average cost of $37.71 per share, for a total transaction of $94,275.00. Following the completion of the transaction, the director now directly owns 121,247 shares in the company, valued at $2,194,570.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Large investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in Exact Sciences Corporation by 1.2% during the 2nd quarter. BlackRock Institutional Trust Company N.A. now owns 2,337,794 shares of the company's stock worth $15,757,000 after buying an additional 13,009 shares during the period.

Thompson Investment Management Inc increased Paypal Hldgs Inc Com stake by 9,523 shares to 90,390 valued at $4.85 million in 2017Q2. Vanguard Group Inc. now owns 9,459,679 shares of the medical research company's stock worth $334,589,000 after purchasing an additional 700,051 shares in the last quarter. Squarepoint Ops LLC increased its stake in Exact Sciences 106.3% in the first quarter. The portion of a company's profit allocated to each outstanding share of common stock was -$1.29 a share in the trailing twelve months.

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