Insider Selling: EXACT Sciences Co. (EXAS) Insider Sells 11,227 Shares of Stock

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EXACT Sciences Co. (NASDAQ:EXAS) insider Kevin T. Conroy sold 11,227 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $87.21, for a total transaction of $979,106.67. Following the transaction, the insider now directly owns 949,753 shares in the company, valued at $82,827,959.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Shares of EXAS stock opened at $96.15 on Friday. The stock has a market capitalization of $11.78 billion, a price-to-earnings ratio of -70.70 and a beta of 1.85. The company has a debt-to-equity ratio of 1.02, a quick ratio of 8.70 and a current ratio of 8.99. EXACT Sciences Co. has a 52 week low of $37.36 and a 52 week high of $97.27.

EXACT Sciences (NASDAQ:EXAS) last announced its quarterly earnings data on Thursday, February 21st. The medical research company reported ($0.44) EPS for the quarter, topping the consensus estimate of ($0.49) by $0.05. The business had revenue of $142.98 million for the quarter, compared to analyst estimates of $143.00 million. EXACT Sciences had a negative net margin of 38.54% and a negative return on equity of 23.58%. The company’s revenue for the quarter was up 63.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.18) earnings per share. Research analysts predict that EXACT Sciences Co. will post -1.98 earnings per share for the current year.

A number of research analysts recently weighed in on EXAS shares. UBS Group set a $100.00 price target on shares of EXACT Sciences and gave the company a “buy” rating in a research report on Thursday, November 29th. William Blair reissued an “outperform” rating on shares of EXACT Sciences in a research report on Monday, January 7th. BidaskClub raised shares of EXACT Sciences from a “hold” rating to a “buy” rating in a research report on Thursday, January 10th. Canaccord Genuity raised their price target on shares of EXACT Sciences from $87.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, January 14th. Finally, Zacks Investment Research raised shares of EXACT Sciences from a “hold” rating to a “buy” rating and set a $84.00 price target on the stock in a research report on Thursday, January 17th. One research analyst has rated the stock with a sell rating, one has given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $99.64.

Institutional investors and hedge funds have recently bought and sold shares of the company. Karp Capital Management Corp purchased a new position in shares of EXACT Sciences in the fourth quarter worth about $38,000. CWM LLC increased its stake in shares of EXACT Sciences by 777.1% in the fourth quarter. CWM LLC now owns 614 shares of the medical research company’s stock worth $39,000 after purchasing an additional 544 shares in the last quarter. Hanson McClain Inc. increased its stake in shares of EXACT Sciences by 377.5% in the fourth quarter. Hanson McClain Inc. now owns 955 shares of the medical research company’s stock worth $60,000 after purchasing an additional 755 shares in the last quarter. Tortoise Investment Management LLC purchased a new position in shares of EXACT Sciences in the fourth quarter worth about $62,000. Finally, Phocas Financial Corp. purchased a new position in shares of EXACT Sciences in the fourth quarter worth about $95,000. Hedge funds and other institutional investors own 91.08% of the company’s stock.

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About EXACT Sciences

Exact Sciences Corporation, a molecular diagnostics company, focuses on developing products for the early detection and prevention of various cancers in the United States. The company offers Cologuard, a non-invasive stool-based DNA screening test for the early detection of colorectal cancer and pre-cancer.

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Insider Buying and Selling by Quarter for EXACT Sciences (NASDAQ:EXAS)

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