Shares of EXACT Sciences Co. (NASDAQ:EXAS) have been given a consensus rating of “Buy” by the eighteen brokerages that are covering the firm, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $52.74.
A number of equities analysts recently weighed in on the stock. William Blair reiterated a “buy” rating on shares of EXACT Sciences in a research report on Wednesday, January 10th. Robert W. Baird lifted their price objective on shares of EXACT Sciences from $49.00 to $56.00 and gave the company an “outperform” rating in a research report on Tuesday, October 31st. Jefferies Group lifted their price objective on shares of EXACT Sciences to $60.00 and gave the company a “buy” rating in a research report on Tuesday, October 31st. Benchmark reiterated a “buy” rating and issued a $60.00 price objective (up from $50.00) on shares of EXACT Sciences in a research report on Tuesday, October 31st. Finally, Bank of America lifted their price objective on shares of EXACT Sciences from $56.00 to $58.00 and gave the company a “buy” rating in a research report on Tuesday, October 31st.
EXACT Sciences (EXAS) traded down $0.60 during trading hours on Friday, reaching $49.00. 2,040,937 shares of the company were exchanged, compared to its average volume of 3,040,000. EXACT Sciences has a 1 year low of $18.09 and a 1 year high of $63.60. The company has a current ratio of 10.34, a quick ratio of 9.98 and a debt-to-equity ratio of 0.01. The stock has a market cap of $5,800.00, a price-to-earnings ratio of -42.61 and a beta of 0.58.
Several large investors have recently added to or reduced their stakes in EXAS. C M Bidwell & Associates Ltd. acquired a new position in shares of EXACT Sciences during the 4th quarter worth $117,000. Krilogy Financial LLC raised its stake in shares of EXACT Sciences by 1,460.0% during the 2nd quarter. Krilogy Financial LLC now owns 3,900 shares of the medical research company’s stock worth $138,000 after buying an additional 3,650 shares during the last quarter. Crow Point Partners LLC acquired a new position in shares of EXACT Sciences during the 4th quarter worth $145,000. Oppenheimer Asset Management Inc. raised its stake in shares of EXACT Sciences by 2,925.7% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 3,177 shares of the medical research company’s stock worth $150,000 after buying an additional 3,072 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of EXACT Sciences during the 3rd quarter worth $183,000. 82.02% of the stock is owned by institutional investors and hedge funds.
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EXACT Sciences Company Profile
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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