Insider Selling: Genomic Health EVP Sells 7,000 Shares of Stock (GHDX)
Genomic Health (NASDAQ:GHDX) EVP Steven Shak unloaded 7,000 shares of the stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $27.25, for a total value of $190,750.00. Following the completion of the transaction, the executive vice president now directly owns 312,298 shares of the company’s stock, valued at approximately $8,510,121. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Separately, analysts at Canaccord Genuity reiterated a “hold” rating on shares of Genomic Health in a research note on Monday, August 11th. They now have a $27.00 price target on the stock, down previously from $30.00. Four research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $27.50.
Shares of Genomic Health (NASDAQ:GHDX) traded up 0.22% during mid-day trading on Friday, hitting $27.76. 335,162 shares of the company’s stock traded hands. Genomic Health has a 52 week low of $23.90 and a 52 week high of $37.24. The stock’s 50-day moving average is $26.72 and its 200-day moving average is $27.06. The company’s market cap is $875.2 million.
Genomic Health (NASDAQ:GHDX) last issued its quarterly earnings data on Tuesday, August 5th. The company reported ($0.15) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.26) by $0.11. The company had revenue of $70.50 million for the quarter, compared to the consensus estimate of $69.04 million. During the same quarter in the prior year, the company posted ($0.10) earnings per share. The company’s quarterly revenue was up 10.7% on a year-over-year basis. Analysts expect that Genomic Health will post $-0.80 EPS for the current fiscal year.
Genomic Health, Inc (NASDAQ:GHDX) is a molecular diagnostics company focused on the global development and commercialization of genomic-based clinical laboratory services that analyze the underlying biology of cancer allowing physicians and patients to make individualized treatment decisions.
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