Exelixis (NASDAQ:EXEL) Posts Quarterly Earnings Results, Meets Estimates

In the last 90 days, insiders have sold 105,029 shares of company stock worth $2,787,337. The biotechnology company reported $0.12 earnings per share for the quarter, hitting the consensus estimate of $0.12. Exelixis has a 12-month low of $18.03 and a 12-month high of $32.50.

Shares of Exelixis (NASDAQ EXEL) traded down $0.21 during trading hours on Tuesday, reaching $24.62.

Cacti Asset Management Llc decreased its stake in Boeing Co (BA) by 2.53% based on its latest 2017Q3 regulatory filing with the SEC. The shares were sold at an average price of $30.30, for a total transaction of $454,500.00. The company had revenue of $120.10 million during the quarter, compared to the consensus estimate of $120.25 million.

A number of analysts have weighed in on the company. Exelixis, Inc. (NASDAQ:EXEL) has risen 266.48% since March 6, 2017 and is uptrending. 411.79 million shares or 1.95% less from 419.99 million shares in 2017Q2 were reported. Pillar Pacific Cap Mgmt Ltd Liability Co owns 56,071 shares or 1.83% of their USA portfolio. Institutional investors own 79.62% of the company's stock.

ATR value of company was 1.33. For example, if a stock has an RVOL of 5, it's trading at five times its normal volume. Decatur Capital Management reported 63,504 shares. Deutsche National Bank & Trust Ag invested in 0.01% or 708,104 shares. Parkside Bancorp has 2,162 shares for 0.22% of their portfolio. Stevens Capital Management LP raised its stake in shares of Exelixis by 55.5% during the third quarter. It also increased its holding in Lennox Intl Inc (NYSE:LII) by 235,335 shares in the quarter, for a total of 276,122 shares, and has risen its stake in Eaton Vance Corp (NYSE:EV). During the same quarter in the prior year, the business posted $0.12 earnings per share. equities analysts expect that Exelixis will post 0.62 EPS for the current fiscal year. Rating Scale; where 1.0 rating mean Strong Buy, 2.0 rating signifies Buy, 3.0 recommendation reveals Hold, 4.0 rating score shows Sell and 5.0 displays Strong Sell signal. Keybank National Association OH now owns 44,793 shares of the biotechnology company's stock worth $1,362,000 after buying an additional 23,893 shares during the last quarter. Cann upgraded shares of Exelixis from a market perform rating to an outperform rating and set a $40.00 price target on the stock in a research report on Tuesday, February 27th. Wells Fargo maintained it with "Hold" rating and $365.0 target in Thursday, February 1 report. The firm earned "Hold" rating on Thursday, August 3 by Oppenheimer. BidaskClub raised Exelixis from a "hold" rating to a "buy" rating in a report on Friday, January 5th. Exelixis now has an average rating of "Buy" and a consensus price target of $34.10. Jennison Associates LLC now owns 4,228,761 shares of the biotechnology company's stock worth $128,554,000 after acquiring an additional 1,167,758 shares during the last quarter. Another trade for 27,302 shares valued at $663,018 was made by Hessekiel Jeffrey on Wednesday, September 27.

In related news, Director Alan M. Garber sold 15,000 shares of the firm's stock in a transaction on Tuesday, January 9th. WILLSEY LANCE had sold 100,000 shares worth $2.69 million.

Among 11 analysts covering Exelixis (NASDAQ:EXEL), 8 have Buy rating, 0 Sell and 3 Hold. Therefore 73% are positive. Tudor Invest Corp Et Al invested 0.04% in Exelixis, Inc. Finally, UBS Group raised Exelixis from a "market perform" rating to an "outperform" rating in a report on Tuesday, February 27th.

More notable recent Exelixis, Inc. (NASDAQ:EXEL) or 257,504 shares. More interesting news about Exelixis, Inc.

Want to see what other hedge funds are holding EXEL? The firm has "Overweight" rating given on Monday, October 10 by Piper Jaffray. Stifel Nicolaus maintained Exelixis, Inc. SunTrust maintained the shares of EXEL in report on Tuesday, December 19 with "Buy" rating. The firm has "Buy" rating by J.P. Morgan given on Friday, July 21. The company was initiated on Monday, June 12 by Oppenheimer.

Investors sentiment decreased to 1.23 in Q3 2017. Its down 0.10, from 1.33 in 2017Q2.

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