Genomic Health (GHDX) Upgraded at ValuEngine

ValuEngine upgraded shares of Genomic Health (NASDAQ:GHDX) from a sell rating to a hold rating in a research note issued to investors on Friday morning.

Several other equities analysts also recently issued reports on the stock. Cowen restated a hold rating and issued a $34.00 price objective on shares of Genomic Health in a research note on Friday, September 1st. Canaccord Genuity restated a buy rating and issued a $39.00 price objective on shares of Genomic Health in a research note on Wednesday, November 15th. Jefferies Group restated a hold rating and issued a $34.00 price objective on shares of Genomic Health in a research note on Friday, October 20th. Zacks Investment Research upgraded shares of Genomic Health from a sell rating to a hold rating in a research note on Friday, October 13th. Finally, J P Morgan Chase & Co downgraded shares of Genomic Health from a neutral rating to an underweight rating and set a $25.00 price objective for the company. in a research note on Wednesday, December 13th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $31.57.

Genomic Health (NASDAQ GHDX) opened at $35.55 on Friday. Genomic Health has a 12 month low of $26.37 and a 12 month high of $35.57.

In related news, insider James J. Vaughn sold 1,379 shares of the stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $32.51, for a total transaction of $44,831.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO G Bradley Cole sold 5,000 shares of the stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of $31.93, for a total transaction of $159,650.00. The disclosure for this sale can be found here. Insiders sold 16,379 shares of company stock valued at $511,531 over the last ninety days. Corporate insiders own 46.20% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio purchased a new position in Genomic Health in the third quarter valued at about $444,000. GSA Capital Partners LLP increased its holdings in Genomic Health by 43.7% in the third quarter. GSA Capital Partners LLP now owns 63,100 shares of the medical research company’s stock valued at $2,025,000 after buying an additional 19,200 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in Genomic Health in the third quarter valued at about $138,000. Point72 Asset Management L.P. purchased a new position in Genomic Health in the third quarter valued at about $350,000. Finally, Jane Street Group LLC purchased a new position in Genomic Health in the third quarter valued at about $227,000. 89.76% of the stock is owned by institutional investors.

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Genomic Health Company Profile

Genomic Health, Inc is a healthcare company that provides genomic-based diagnostic tests to personalize cancer treatment. The Company develops and commercializes genomic-based clinical laboratory services. The Company’s Oncotype IQ Genomic Intelligence Platform is consisted of its flagship line of Oncotype DX gene expression tests, as well as its Oncotype SEQ Liquid Select test.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Genomic Health (NASDAQ:GHDX)

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