Insider Selling: Veracyte CEO Unloads 1,000 Shares of Stock (VCYT)
Veracyte (NASDAQ:VCYT) CEO Bonnie H. Anderson sold 1,000 shares of Veracyte stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $17.95, for a total transaction of $17,950.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Veracyte (NASDAQ:VCYT) opened at 17.03 on Wednesday. Veracyte has a 1-year low of $10.88 and a 1-year high of $19.00. The stock has a 50-day moving average of $14.96 and a 200-day moving average of $15.09. The company’s market cap is $360.6 million.
Veracyte (NASDAQ:VCYT) last released its earnings data on Thursday, May 8th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted ($9.04) earnings per share. The company’s revenue for the quarter was up 70.5% on a year-over-year basis. On average, analysts predict that Veracyte will post $-1.29 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on VCYT shares. Analysts at Janney Montgomery Scott initiated coverage on shares of Veracyte in a research note on Thursday, June 26th. They set a “buy” rating and a $25.00 price target on the stock. 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. Five analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and an average price target of $21.40.
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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