A number of other equities analysts also recently commented on the stock. Leerink Swann upped their target price on shares of Myriad Genetics from $33.00 to $35.00 and gave the stock a market perform rating in a research note on Wednesday. Morgan Stanley upped their target price on shares of Myriad Genetics from $26.00 to $28.00 and gave the stock an underweight rating in a research note on Wednesday. Goldman Sachs Group began coverage on shares of Myriad Genetics in a research note on Monday, January 29th. They issued a sell rating and a $32.00 target price on the stock. Barclays upped their target price on shares of Myriad Genetics from $30.00 to $35.00 and gave the stock an equal weight rating in a research note on Monday, January 22nd. Finally, BidaskClub upgraded shares of Myriad Genetics from a buy rating to a strong-buy rating in a research note on Saturday, January 20th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Myriad Genetics currently has an average rating of Hold and a consensus target price of $31.42.
Shares of Myriad Genetics (MYGN) opened at $32.96 on Wednesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.05 and a quick ratio of 2.06. Myriad Genetics has a 1 year low of $15.71 and a 1 year high of $41.57. The firm has a market cap of $2,278.52, a PE ratio of 17.82, a P/E/G ratio of 2.41 and a beta of 0.32.
In other news, Director Walter Phd Gilbert sold 7,500 shares of the stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $33.19, for a total transaction of $248,925.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Richard M. Marsh sold 13,759 shares of the stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $36.25, for a total transaction of $498,763.75. Following the transaction, the vice president now owns 136,385 shares in the company, valued at $4,943,956.25. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 71,064 shares of company stock worth $2,679,097. Insiders own 6.70% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership bought a new position in shares of Myriad Genetics during the fourth quarter valued at approximately $1,975,000. UBS Asset Management Americas Inc. boosted its stake in shares of Myriad Genetics by 5.4% during the fourth quarter. UBS Asset Management Americas Inc. now owns 50,954 shares of the company’s stock valued at $1,750,000 after purchasing an additional 2,615 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Myriad Genetics by 1.5% during the fourth quarter. BlackRock Inc. now owns 10,066,753 shares of the company’s stock valued at $345,743,000 after purchasing an additional 150,003 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of Myriad Genetics by 18.1% during the fourth quarter. Rhumbline Advisers now owns 162,219 shares of the company’s stock valued at $5,571,000 after purchasing an additional 24,839 shares in the last quarter. Finally, Arizona State Retirement System boosted its stake in shares of Myriad Genetics by 227.7% during the fourth quarter. Arizona State Retirement System now owns 116,380 shares of the company’s stock valued at $3,997,000 after purchasing an additional 80,870 shares in the last quarter.
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Myriad Genetics Company Profile
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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