Veracyte Insider Sells $33,900 in Stock (VCYT)
Veracyte (NASDAQ:VCYT) Insider Christopher M. Hall sold 2,000 shares of the stock on the open market in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $16.95, for a total transaction of $33,900.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Separately, analysts at Piper Jaffray initiated coverage on shares of Veracyte in a research note on Thursday, June 19th. They set an “overweight” rating and a $21.00 price target on the stock. Four investment analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and a consensus price target of $20.50.
Veracyte (NASDAQ:VCYT) opened at 16.77 on Wednesday. Veracyte has a 1-year low of $10.88 and a 1-year high of $19.00. The stock’s 50-day moving average is $14.33 and its 200-day moving average is $14.95. The company’s market cap is $355.1 million.
Veracyte (NASDAQ:VCYT) last issued its quarterly earnings data on Thursday, May 8th. The company reported ($0.32) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.31) by $0.01. The company had revenue of $7.50 million for the quarter, compared to the consensus estimate of $7.19 million. During the same quarter in the prior year, the company posted ($9.04) earnings per share. The company’s quarterly revenue was up 70.5% on a year-over-year basis. On average, analysts predict that Veracyte will post $-1.31 earnings per share for the current fiscal year.
Veracyte, Inc is a diagnostics company focused on molecular cytology. The Company focuses on diseases that often require invasive procedures for an accurate diagnosis.
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