Exact Sciences Corporation (EXAS) Director Thomas D. Carey Acquires 2,500 Shares
Exact Sciences Corporation (NASDAQ:EXAS) Director Thomas D. Carey purchased 2,500 shares of the firm’s stock in a transaction on Thursday, August 17th. The shares were purchased at an average price of $37.71 per share, with a total value of $94,275.00. Following the completion of the acquisition, the director now directly owns 60,858 shares of the company’s stock, valued at $2,294,955.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Exact Sciences Corporation (NASDAQ EXAS) traded up 1.09% on Friday, hitting $37.87. 1,039,106 shares of the stock were exchanged. Exact Sciences Corporation has a one year low of $13.05 and a one year high of $42.18. The firm’s market capitalization is $4.51 billion. The company has a 50-day moving average price of $37.99 and a 200-day moving average price of $29.42.
Exact Sciences Corporation (NASDAQ:EXAS) last posted its quarterly earnings data on Tuesday, July 25th. The medical research company reported ($0.27) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.37) by $0.10. The firm had revenue of $57.65 million during the quarter, compared to the consensus estimate of $47.73 million. Exact Sciences Corporation had a negative net margin of 83.08% and a negative return on equity of 36.36%. Equities research analysts expect that Exact Sciences Corporation will post ($1.18) earnings per share for the current year.
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A number of equities research analysts have issued reports on the stock. Jefferies Group LLC restated a “buy” rating and set a $25.00 price target on shares of Exact Sciences Corporation in a report on Wednesday, April 26th. Cowen and Company upped their price target on shares of Exact Sciences Corporation from $40.00 to $45.00 and gave the company an “outperform” rating in a report on Monday, May 15th. Leerink Swann set a $38.00 price target on shares of Exact Sciences Corporation and gave the company a “buy” rating in a report on Friday, April 28th. Vetr cut shares of Exact Sciences Corporation from a “buy” rating to a “hold” rating and set a $36.37 price target for the company. in a report on Thursday, July 6th. Finally, Roth Capital restated a “buy” rating and set a $40.00 price target (up from $33.00) on shares of Exact Sciences Corporation in a report on Thursday, June 1st. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Exact Sciences Corporation currently has a consensus rating of “Buy” and a consensus target price of $40.51.
Hedge funds have recently bought and sold shares of the stock. BlackRock Inc. increased its stake in Exact Sciences Corporation by 45,816.0% in the first quarter. BlackRock Inc. now owns 6,804,297 shares of the medical research company’s stock worth $160,718,000 after buying an additional 6,789,478 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Exact Sciences Corporation by 98.1% in the first quarter. JPMorgan Chase & Co. now owns 4,985,657 shares of the medical research company’s stock worth $117,761,000 after buying an additional 2,468,376 shares in the last quarter. Fred Alger Management Inc. acquired a new stake in Exact Sciences Corporation during the second quarter worth about $84,177,000. Point72 Asset Management L.P. increased its stake in Exact Sciences Corporation by 1,534.3% in the first quarter. Point72 Asset Management L.P. now owns 2,500,476 shares of the medical research company’s stock worth $59,061,000 after buying an additional 2,347,476 shares in the last quarter. Finally, OppenheimerFunds Inc. increased its stake in Exact Sciences Corporation by 66.8% in the first quarter. OppenheimerFunds Inc. now owns 2,502,398 shares of the medical research company’s stock worth $59,107,000 after buying an additional 1,002,398 shares in the last quarter. 85.44% of the stock is owned by hedge funds and other institutional investors.
About Exact Sciences Corporation
Exact Sciences Corporation is a molecular diagnostics company. The Company focuses on the early detection and prevention of some forms of cancer. It offers a non-invasive screening test called Cologuard for the early detection of colorectal cancer and pre-cancer. Its Cologuard test is a stool-based deoxyribonucleic acid (sDNA) screening test, which utilizes a multi-target approach to detect deoxyribonucleic acid (DNA) and hemoglobin biomarkers associated with colorectal cancer and pre-cancer.
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