Analysts Set $4.35 Target Price for Fulgent Genetics Inc (FLGT)

Fulgent Genetics Inc (NASDAQ:FLGT) has received a consensus broker rating score of 3.00 (Hold) from the two analysts that cover the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a hold rating. Fulgent Genetics’ rating score has declined by 50% from three months ago as a result of a number of analysts’ ratings changes.

Brokerages have set a 12 month consensus price objective of $4.35 for the company and are expecting that the company will post ($0.05) EPS for the current quarter, according to Zacks. Zacks has also assigned Fulgent Genetics an industry rank of 187 out of 265 based on the ratings given to its competitors.

A number of research analysts have recently issued reports on the company. Credit Suisse Group lowered their price target on Fulgent Genetics from $6.50 to $6.00 and set an “outperform” rating on the stock in a report on Thursday, March 1st. Piper Jaffray Companies downgraded Fulgent Genetics from an “overweight” rating to a “neutral” rating in a report on Thursday, March 1st. Finally, Zacks Investment Research raised Fulgent Genetics from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 9th.

A number of hedge funds have recently bought and sold shares of FLGT. Thompson Davis & CO. Inc. bought a new position in Fulgent Genetics in the fourth quarter valued at about $154,000. Royce & Associates LP bought a new position in Fulgent Genetics in the fourth quarter valued at about $219,000. Granahan Investment Management Inc. MA lifted its holdings in Fulgent Genetics by 145.5% in the third quarter. Granahan Investment Management Inc. MA now owns 238,232 shares of the company’s stock valued at $1,141,000 after acquiring an additional 141,182 shares during the period. Finally, Mutual Advisors LLC bought a new position in Fulgent Genetics in the fourth quarter valued at about $1,662,000. 7.94% of the stock is currently owned by institutional investors.

Shares of Fulgent Genetics (NASDAQ:FLGT) traded up $0.03 during trading hours on Wednesday, hitting $3.85. The stock had a trading volume of 1,987 shares, compared to its average volume of 13,188. The company has a market capitalization of $68.53 and a P/E ratio of -25.67. Fulgent Genetics has a 1 year low of $2.72 and a 1 year high of $11.80.

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About Fulgent Genetics

Fulgent Genetics, Inc is a technology company. The Company offers genetic testing to provide physicians with clinically actionable diagnostic information to improve quality of patient care. The Company has developed a technology platform that integrates data comparison and suppression algorithms, adaptive learning software, advanced genetic diagnostics tools and integrated laboratory processes.

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