Insider Selling: Maneesh Arora Unloads 8,627 Shares of EXACT Sciences Corp. Stock (EXAS)
EXACT Sciences Corp. (NASDAQ:EXAS) COO Maneesh Arora sold 8,627 shares of the stock on the open market in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $11.96, for a total transaction of $103,178.92. Following the transaction, the chief operating officer now directly owns 61,292 shares in the company, valued at approximately $733,052. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
EXACT Sciences Corp. (NASDAQ:EXAS) traded up 2.20% on Friday, hitting $12.08. The stock had a trading volume of 1,733,041 shares. EXACT Sciences Corp. has a one year low of $6.93 and a one year high of $14.70. The stock has a 50-day moving average of $11.93 and a 200-day moving average of $12.22. The company’s market cap is $856.7 million.
EXACT Sciences Corp. (NASDAQ:EXAS) last posted its quarterly earnings results on Tuesday, October 29th. The company reported ($0.16) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.02. The company had revenue of $1.00 million for the quarter, compared to the consensus estimate of $1.02 million. During the same quarter in the previous year, the company posted ($0.21) earnings per share. The company’s revenue for the quarter was up .0% on a year-over-year basis.
EXAS has been the subject of a number of recent research reports. Analysts at Maxim Group reiterated a “sell” rating on shares of EXACT Sciences Corp. in a research note to investors on Tuesday, October 29th. Analysts at Wedbush upgraded shares of EXACT Sciences Corp. from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $17.38.
Exact Sciences Corporation is a molecular diagnostics company focused on the early detection and prevention of colorectal cancer.
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