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MSFT   299.35 (-0.07%)
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GOOGL   2,844.30 (+0.71%)
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NVDA   220.81 (-1.78%)
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CGC   13.91 (-4.46%)
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BAC   42.14 (+1.08%)
S&P 500   4,455.48 (+0.15%)
DOW   34,798.00 (+0.10%)
QQQ   373.33 (+0.09%)
AAPL   146.92 (+0.06%)
MSFT   299.35 (-0.07%)
FB   352.96 (+2.02%)
GOOGL   2,844.30 (+0.71%)
TSLA   774.39 (+2.75%)
AMZN   3,425.52 (+0.28%)
NVDA   220.81 (-1.78%)
BABA   145.08 (-4.04%)
NIO   35.38 (-1.75%)
CGC   13.91 (-4.46%)
GE   103.80 (+0.82%)
MU   74.05 (+0.01%)
AMD   105.80 (-0.33%)
T   27.13 (-0.22%)
F   13.78 (+0.51%)
ACB   5.95 (-3.25%)
DIS   176.00 (-0.14%)
PFE   43.94 (-0.57%)
BA   221.39 (+0.13%)
BAC   42.14 (+1.08%)

Exact Sciences Co. (NASDAQ:EXAS) Receives Average Rating of "Buy" from Brokerages

Last updated on Monday, September 20, 2021 | 2021 MarketBeat

Exact Sciences Co. (NASDAQ:EXAS) has received an average recommendation of "Buy" from the nineteen ratings firms that are presently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $149.06.

Several brokerages have recently weighed in on EXAS. SVB Leerink reduced their target price on Exact Sciences from $170.00 to $160.00 and set an "outperform" rating for the company in a research note on Wednesday, July 14th. Robert W. Baird reduced their price objective on Exact Sciences from $157.00 to $127.00 and set an "outperform" rating for the company in a research note on Thursday, July 29th. Wells Fargo & Company increased their price objective on Exact Sciences from $115.00 to $120.00 and gave the company an "equal weight" rating in a research note on Monday, June 21st. Oppenheimer reduced their price objective on Exact Sciences from $161.00 to $155.00 and set an "outperform" rating for the company in a research note on Thursday, July 29th. Finally, Stifel Nicolaus reduced their price objective on Exact Sciences from $165.00 to $145.00 and set a "buy" rating for the company in a research note on Thursday, July 29th.

In related news, Director Katherine S. Zanotti sold 1,381 shares of the firm's stock in a transaction dated Friday, July 30th. The stock was sold at an average price of $111.11, for a total transaction of $153,442.91. Following the completion of the transaction, the director now directly owns 34,741 shares in the company, valued at approximately $3,860,072.51. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jeffrey Thomas Elliott sold 38,361 shares of Exact Sciences stock in a transaction dated Thursday, July 29th. The shares were sold at an average price of $111.40, for a total value of $4,273,415.40. The disclosure for this sale can be found here. Company insiders own 1.40% of the company's stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Ameritas Investment Company LLC purchased a new position in shares of Exact Sciences in the 1st quarter valued at about $26,000. Sittner & Nelson LLC raised its position in shares of Exact Sciences by 800.0% during the 2nd quarter. Sittner & Nelson LLC now owns 225 shares of the medical research company's stock worth $28,000 after acquiring an additional 200 shares in the last quarter. RMR Wealth Builders acquired a new stake in shares of Exact Sciences during the 1st quarter worth about $30,000. Maverick Capital Ltd. acquired a new stake in shares of Exact Sciences during the 1st quarter worth about $30,000. Finally, PNC Managed Account Solutions Inc. acquired a new stake in shares of Exact Sciences during the 2nd quarter worth about $30,000. Institutional investors and hedge funds own 88.31% of the company's stock.

Exact Sciences stock opened at $108.15 on Monday. The company has a current ratio of 2.47, a quick ratio of 2.34 and a debt-to-equity ratio of 0.53. Exact Sciences has a 12 month low of $70.75 and a 12 month high of $159.54. The stock's 50 day simple moving average is $105.19 and its two-hundred day simple moving average is $115.59. The firm has a market cap of $18.60 billion, a PE ratio of -19.81 and a beta of 1.29.

Exact Sciences (NASDAQ:EXAS) last announced its earnings results on Tuesday, July 27th. The medical research company reported ($1.03) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of ($0.72) by ($0.31). The business had revenue of $434.82 million for the quarter, compared to analyst estimates of $418.76 million. Exact Sciences had a negative return on equity of 8.93% and a negative net margin of 50.52%. On average, equities research analysts forecast that Exact Sciences will post -3.17 EPS for the current year.

About Exact Sciences

EXACT Sciences Corp. is a molecular diagnostics company, which focuses on the early detection and prevention of colorectal cancer. It developed Cologuard, a screening test for the early detection of colorectal cancer and pre-cancer. The company was founded on February 10, 1995 and is headquartered in Madison, WI.

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Analyst Recommendations for Exact Sciences (NASDAQ:EXAS)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

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