Myriad Genetics, Inc. (NASDAQ:MYGN) insider Alexander Ford sold 3,031 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $31.64, for a total value of $95,900.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Myriad Genetics, Inc. (MYGN) traded up $0.92 during midday trading on Tuesday, reaching $32.47. The company’s stock had a trading volume of 1,073,900 shares, compared to its average volume of 1,221,741. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.06 and a current ratio of 2.34. The firm has a market capitalization of $2,184.55, a P/E ratio of 28.94, a price-to-earnings-growth ratio of 2.02 and a beta of 0.24. Myriad Genetics, Inc. has a 12-month low of $15.15 and a 12-month high of $37.30.
Myriad Genetics (NASDAQ:MYGN) last issued its earnings results on Tuesday, November 7th. The company reported $0.26 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.05. The firm had revenue of $190.20 million during the quarter, compared to the consensus estimate of $183.52 million. Myriad Genetics had a return on equity of 9.54% and a net margin of 13.28%. The business’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.23 earnings per share. equities research analysts forecast that Myriad Genetics, Inc. will post 1.04 EPS for the current year.
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Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in shares of Myriad Genetics by 168,335.7% in the first quarter. BlackRock Inc. now owns 9,541,884 shares of the company’s stock valued at $183,203,000 after buying an additional 9,536,219 shares during the period. Vanguard Group Inc. increased its stake in shares of Myriad Genetics by 0.9% in the second quarter. Vanguard Group Inc. now owns 6,307,738 shares of the company’s stock valued at $162,992,000 after buying an additional 56,708 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Myriad Genetics by 4.4% in the third quarter. Dimensional Fund Advisors LP now owns 3,580,081 shares of the company’s stock valued at $129,527,000 after buying an additional 149,865 shares during the period. Thrivent Financial For Lutherans increased its stake in shares of Myriad Genetics by 7,026.7% in the second quarter. Thrivent Financial For Lutherans now owns 2,742,340 shares of the company’s stock valued at $70,862,000 after buying an additional 2,703,860 shares during the period. Finally, Northern Trust Corp increased its stake in shares of Myriad Genetics by 31.1% in the second quarter. Northern Trust Corp now owns 1,292,588 shares of the company’s stock valued at $33,400,000 after buying an additional 306,276 shares during the period.
A number of research analysts recently commented on the company. Morgan Stanley reaffirmed an “underweight” rating and issued a $24.00 price target (up previously from $17.00) on shares of Myriad Genetics in a research note on Friday, October 6th. Leerink Swann reaffirmed a “market perform” rating and issued a $31.00 price target on shares of Myriad Genetics in a research note on Monday, October 2nd. Zacks Investment Research raised Myriad Genetics from a “hold” rating to a “strong-buy” rating and set a $42.00 price target for the company in a research note on Tuesday, October 17th. Stephens reaffirmed an “overweight” rating and issued a $40.00 price target (up previously from $36.00) on shares of Myriad Genetics in a research note on Friday, September 22nd. Finally, Cowen and Company reaffirmed a “hold” rating and issued a $25.00 price target on shares of Myriad Genetics in a research note on Sunday, September 17th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Myriad Genetics presently has an average rating of “Hold” and a consensus price target of $28.10.
About Myriad Genetics
Myriad Genetics, Inc is a molecular diagnostic company. The Company is engaged in the discovery, development and marketing of transformative molecular diagnostic tests. The Company operates through two segments: diagnostics and other. The diagnostics segment provides testing and collaborative development of testing that is designed to assess an individual’s risk for developing disease later in life, identify a patient’s likelihood of responding to drug therapy and guide a patient’s dosing to enable optimal treatment, or assess a patient’s risk of disease progression and disease recurrence.
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