Insider Selling: Jon Faiz Kayyem Unloads 6,000 Shares of GenMark Diagnostics Stock (GNMK)
GenMark Diagnostics (NASDAQ:GNMK) SVP Jon Faiz Kayyem sold 6,000 shares of GenMark Diagnostics stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $13.60, for a total transaction of $81,600.00. Following the transaction, the senior vice president now directly owns 110,767 shares in the company, valued at approximately $1,506,431. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
GNMK has been the subject of a number of recent research reports. Analysts at Raymond James reiterated an “outperform” rating on shares of GenMark Diagnostics in a research note on Wednesday, May 7th. They now have a $11.00 price target on the stock, down previously from $14.00. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of GenMark Diagnostics in a research note on Wednesday, May 7th. They now have a $16.00 price target on the stock, down previously from $17.00. Finally, analysts at Cowen and Company reiterated an “outperform” rating on shares of GenMark Diagnostics in a research note on Wednesday, May 7th. They now have a $15.00 price target on the stock, down previously from $16.00. Five equities research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and a consensus price target of $15.00.
Shares of GenMark Diagnostics (NASDAQ:GNMK) traded down 1.40% on Thursday, hitting $13.40. 73,783 shares of the company’s stock traded hands. GenMark Diagnostics has a 52-week low of $8.48 and a 52-week high of $14.18. The stock has a 50-day moving average of $11.62 and a 200-day moving average of $11.54. The company’s market cap is $557.6 million.
GenMark Diagnostics (NASDAQ:GNMK) last released its earnings data on Tuesday, May 6th. The company reported ($0.21) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.25) by $0.04. The company had revenue of $7.91 million for the quarter, compared to the consensus estimate of $6.40 million. During the same quarter in the prior year, the company posted ($0.13) earnings per share. The company’s quarterly revenue was down 28.7% on a year-over-year basis. Analysts expect that GenMark Diagnostics will post $-1.15 EPS for the current fiscal year.
GenMark Diagnostics, Inc (NASDAQ:GNMK) is a molecular diagnostics company focused on developing and commercializing its eSensor detection technology.
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