Insider Selling: Foundation Medicine Inc (FMI) COO Sells 157 Shares of Stock
Foundation Medicine Inc (NASDAQ:FMI) COO Steven J. Kafka sold 157 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $64.00, for a total transaction of $10,048.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Shares of Foundation Medicine Inc (NASDAQ FMI) traded up $0.45 on Wednesday, hitting $63.05. The company had a trading volume of 184,187 shares, compared to its average volume of 338,680. Foundation Medicine Inc has a 12 month low of $17.10 and a 12 month high of $70.75. The company has a current ratio of 2.24, a quick ratio of 2.03 and a debt-to-equity ratio of 0.47. The company has a market cap of $2,290.00, a PE ratio of -14.11 and a beta of -0.01.
Foundation Medicine (NASDAQ:FMI) last issued its earnings results on Wednesday, November 1st. The company reported ($0.90) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.06) by $0.16. Foundation Medicine had a negative return on equity of 143.18% and a negative net margin of 119.69%. The company had revenue of $42.66 million for the quarter, compared to analysts’ expectations of $37.99 million. During the same period last year, the business earned ($0.90) EPS. Foundation Medicine’s quarterly revenue was up 45.0% compared to the same quarter last year. analysts anticipate that Foundation Medicine Inc will post -4.44 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Foundation Medicine from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. BidaskClub raised shares of Foundation Medicine from a “hold” rating to a “buy” rating in a research report on Saturday, September 9th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. Foundation Medicine has an average rating of “Hold” and a consensus target price of $45.33.
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Foundation Medicine Company Profile
Foundation Medicine, Inc is a molecular information company. The Company sells products that are enabled by its molecular information platform to physicians and biopharmaceutical companies. It is engaged in the business of delivering molecular information about cancer to its customers. Its platform includes various methods and algorithms for analyzing specimens across various types of cancer.
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