Myriad Genetics, Inc. (NASDAQ:MYGN) Director Heinrich Dreismann sold 6,000 shares of the company’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $33.50, for a total transaction of $201,000.00. Following the transaction, the director now owns 33,743 shares of the company’s stock, valued at approximately $1,130,390.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Shares of Myriad Genetics, Inc. (NASDAQ:MYGN) traded down $1.26 during midday trading on Tuesday, reaching $32.48. 1,152,900 shares of the company traded hands, compared to its average volume of 1,183,174. Myriad Genetics, Inc. has a one year low of $15.15 and a one year high of $37.30. The stock has a market cap of $2,336.18, a PE ratio of 30.95, a PEG ratio of 2.14 and a beta of 0.25. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.06 and a current ratio of 2.34.

Myriad Genetics (NASDAQ:MYGN) last announced its quarterly earnings data on Tuesday, November 7th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.05. Myriad Genetics had a net margin of 13.28% and a return on equity of 9.54%. The company had revenue of $190.20 million during the quarter, compared to analysts’ expectations of $183.52 million. During the same quarter in the prior year, the company earned $0.23 EPS. Myriad Genetics’s revenue was up 7.2% compared to the same quarter last year. research analysts anticipate that Myriad Genetics, Inc. will post 1.05 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in MYGN. Teachers Advisors LLC grew its stake in Myriad Genetics by 1.1% during the 1st quarter. Teachers Advisors LLC now owns 116,924 shares of the company’s stock valued at $2,245,000 after acquiring an additional 1,287 shares in the last quarter. Aperio Group LLC grew its stake in Myriad Genetics by 4.6% during the 2nd quarter. Aperio Group LLC now owns 12,129 shares of the company’s stock valued at $313,000 after acquiring an additional 534 shares in the last quarter. Municipal Employees Retirement System of Michigan grew its stake in Myriad Genetics by 3.1% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 16,080 shares of the company’s stock valued at $416,000 after acquiring an additional 490 shares in the last quarter. Great West Life Assurance Co. Can grew its stake in Myriad Genetics by 3.3% during the 2nd quarter. Great West Life Assurance Co. Can now owns 100,694 shares of the company’s stock valued at $2,598,000 after acquiring an additional 3,180 shares in the last quarter. Finally, CIBC Asset Management Inc purchased a new stake in Myriad Genetics during the 2nd quarter valued at about $218,000.

MYGN has been the subject of several research analyst reports. ValuEngine upgraded shares of Myriad Genetics from a “hold” rating to a “buy” rating in a research report on Friday, November 10th. Deutsche Bank upped their price target on shares of Myriad Genetics from $28.00 to $30.00 and gave the stock a “hold” rating in a research report on Wednesday, November 8th. Cowen restated a “hold” rating and set a $25.00 price target on shares of Myriad Genetics in a research report on Sunday, September 17th. Leerink Swann restated a “market perform” rating and set a $31.00 price target on shares of Myriad Genetics in a research report on Monday, October 2nd. Finally, Stephens restated an “overweight” rating and set a $40.00 price target (up previously from $36.00) on shares of Myriad Genetics in a research report on Friday, September 22nd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Myriad Genetics has a consensus rating of “Hold” and a consensus price target of $28.10.

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Myriad Genetics Company Profile

Myriad Genetics, Inc is a molecular diagnostic company. The Company is engaged in the discovery, development and marketing of transformative molecular diagnostic tests. The Company operates through two segments: diagnostics and other. The diagnostics segment provides testing and collaborative development of testing that is designed to assess an individual’s risk for developing disease later in life, identify a patient’s likelihood of responding to drug therapy and guide a patient’s dosing to enable optimal treatment, or assess a patient’s risk of disease progression and disease recurrence.

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