Insider Selling: Christopher M. Hall Sells 1,000 Shares of Veracyte Stock (VCYT)
Veracyte (NASDAQ:VCYT) Insider Christopher M. Hall sold 1,000 shares of the company’s stock on the open market in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $12.92, for a total value of $12,920.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Veracyte (NASDAQ:VCYT) traded down 0.79% on Wednesday, hitting $12.62. The stock had a trading volume of 77,923 shares. 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 $14.40 and a 200-day moving average of $14.92. The company’s market cap is $271.2 million.
Veracyte (NASDAQ:VCYT) last announced its earnings results on Wednesday, August 13th. The company reported ($0.31) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.33) by $0.02. The company had revenue of $8.70 million for the quarter, compared to the consensus estimate of $9.36 million. Analysts expect that Veracyte will post $-1.30 EPS for the current fiscal year.
VCYT has been the subject of a number of recent research reports. Analysts at Leerink Swann cut their price target on shares of Veracyte from $23.00 to $20.00 in a research note on Thursday, August 14th. They now have an “outperform” rating on the stock. Separately, 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. Finally, 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. Six research analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and a consensus target price of $20.80.
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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