Veracyte Insider Christopher M. Hall Sells 1,000 Shares (VCYT)
Veracyte (NASDAQ:VCYT) Insider Christopher M. Hall sold 1,000 shares of the company’s stock on the open market in a transaction dated Monday, August 18th. The shares were sold at an average price of $12.92, for a total transaction of $12,920.00. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Veracyte (NASDAQ:VCYT) opened at 12.62 on Thursday. Veracyte has a one year low of $10.88 and a one year high of $19.00. The stock’s 50-day moving average is $14.40 and its 200-day moving average is $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. On average, analysts predict that Veracyte will post $-1.30 earnings per share for the current fiscal year.
A number of research firms have recently commented on VCYT. 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 currently has an average rating of “Buy” and a consensus price target 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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