EXACT Sciences (EXAS) Raised to Strong-Buy at BidaskClub

BidaskClub upgraded shares of EXACT Sciences (NASDAQ:EXAS) from a buy rating to a strong-buy rating in a report issued on Wednesday.

Other research analysts also recently issued reports about the company. Bank of America upped their target price on EXACT Sciences from $58.00 to $67.00 and gave the stock a buy rating in a research note on Wednesday, November 29th. Jefferies Group upped their target price on EXACT Sciences to $60.00 and gave the stock a buy rating in a research note on Tuesday, October 31st. Craig Hallum upped their target price on EXACT Sciences from $46.00 to $61.00 and gave the stock a buy rating in a research note on Tuesday, October 31st. Benchmark reaffirmed a buy rating and set a $60.00 target price (up from $50.00) on shares of EXACT Sciences in a research note on Tuesday, October 31st. Finally, Canaccord Genuity raised EXACT Sciences to a buy rating and set a $60.00 target price for the company in a research note on Tuesday, October 31st. Eight investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of Buy and an average target price of $52.84.

EXACT Sciences (NASDAQ EXAS) opened at $45.90 on Wednesday. EXACT Sciences has a twelve month low of $18.30 and a twelve month high of $63.60. The stock has a market capitalization of $5,335.19, a P/E ratio of -39.57 and a beta of 0.58. The company has a debt-to-equity ratio of 0.01, a current ratio of 10.34 and a quick ratio of 9.98.

In related news, insider Kevin T. Conroy sold 110,439 shares of the stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $50.49, for a total value of $5,576,065.11. Following the completion of the transaction, the insider now directly owns 940,491 shares of the company’s stock, valued at approximately $47,485,390.59. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP D Scott Coward sold 1,665 shares of the stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $52.54, for a total value of $87,479.10. Following the completion of the transaction, the senior vice president now directly owns 37,558 shares of the company’s stock, valued at $1,973,297.32. The disclosure for this sale can be found here. Over the last three months, insiders sold 662,694 shares of company stock valued at $35,934,015. 4.00% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of EXAS. C M Bidwell & Associates Ltd. acquired a new position in EXACT Sciences in the 4th quarter valued at $117,000. Krilogy Financial LLC raised its stake in EXACT Sciences by 1,460.0% in the 2nd quarter. Krilogy Financial LLC now owns 3,900 shares of the medical research company’s stock valued at $138,000 after purchasing an additional 3,650 shares during the last quarter. Crow Point Partners LLC acquired a new position in EXACT Sciences in the 4th quarter valued at $145,000. Oppenheimer Asset Management Inc. raised its stake in EXACT Sciences by 2,925.7% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 3,177 shares of the medical research company’s stock valued at $150,000 after purchasing an additional 3,072 shares during the last quarter. Finally, Advisory Services Network LLC raised its stake in EXACT Sciences by 6,600.0% in the 4th quarter. Advisory Services Network LLC now owns 3,350 shares of the medical research company’s stock valued at $176,000 after purchasing an additional 3,300 shares during the last quarter. 82.32% of the stock is owned by hedge funds and other institutional investors.

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EXACT Sciences Company Profile

Exact Sciences Corporation is a molecular diagnostics company. The Company focuses on the early detection and prevention of some forms of cancer. It offers a non-invasive screening test called Cologuard for the early detection of colorectal cancer and pre-cancer. Its Cologuard test is a stool-based deoxyribonucleic acid (sDNA) screening test, which utilizes a multi-target approach to detect deoxyribonucleic acid (DNA) and hemoglobin biomarkers associated with colorectal cancer and pre-cancer.

Analyst Recommendations for EXACT Sciences (NASDAQ:EXAS)

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