NeoGenomics - NEO Stock Forecast, Price & News

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for NeoGenomics in the last twelve months. There are currently 4 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" NEO shares.
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12 analysts have issued 1-year target prices for NeoGenomics' shares. Their NEO share price forecasts range from $15.00 to $28.00. On average, they anticipate the company's share price to reach $19.33 in the next year. This suggests a possible upside of 6.8% from the stock's current price.
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NeoGenomics' stock was trading at $9.24 at the start of the year. Since then, NEO shares have increased by 96.0% and is now trading at $18.11.
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NeoGenomics saw a increase in short interest in the month of February. As of February 28th, there was short interest totaling 5,130,000 shares, an increase of 15.0% from the February 13th total of 4,460,000 shares. Based on an average daily volume of 1,080,000 shares, the days-to-cover ratio is presently 4.8 days.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 26th 2023.
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NeoGenomics, Inc. (NASDAQ:NEO) posted its earnings results on Thursday, November, 4th. The medical research company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.01. The medical research company had revenue of $121.30 million for the quarter, compared to the consensus estimate of $125.09 million. NeoGenomics had a negative net margin of 28.30% and a negative trailing twelve-month return on equity of 9.15%. The company's quarterly revenue was down 3.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.04 EPS.

ETFs with the largest weight of NeoGenomics (NASDAQ:NEO) stock in their portfolio include Invesco S&P SmallCap Health Care ETF (PSCH), SPDR S&P Health Care Services ETF (XHS), WisdomTree BioRevolution Fund (WDNA), First Trust Nasdaq Lux Digital Health Solutions ETF (EKG), Principal Healthcare Innovators ETF (BTEC), SPDR S&P 600 Small CapValue ETF (SLYV), iShares U.S. Healthcare Providers ETF (IHF) and Vanguard S&P Small-Cap 600 Value ETF (VIOV).

NeoGenomics issued an update on its FY 2023 earnings guidance on Thursday, February, 23rd. The company provided earnings per share (EPS) guidance of -$0.38--$0.32 for the period, compared to the consensus EPS estimate of -$0.53. The company issued revenue guidance of $545.00 million-$555.00 million, compared to the consensus revenue estimate of $535.08 million.

116 employees have rated NeoGenomics Chief Executive Officer Douglas M. VanOort on Glassdoor.com. Douglas M. VanOort has an approval rating of 98% among the company's employees. This puts Douglas M. VanOort in the top 20% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other NeoGenomics investors own include Marvell Technology (MRVL), NVIDIA (NVDA), Alibaba Group (BABA), Block (SQ), Inseego (INSG), PayPal (PYPL), Micron Technology (MU), Invitae (NVTA), CRISPR Therapeutics (CRSP) and AbbVie (ABBV).

NeoGenomics trades on the NASDAQ under the ticker symbol "NEO."

NeoGenomics' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Brown Advisory Inc. (5.07%), T. Rowe Price Investment Management Inc. (2.31%), First Light Asset Management LLC (2.12%), Millennium Management LLC (2.10%), Geode Capital Management LLC (1.91%) and Schroder Investment Management Group (1.82%). Insiders that own company stock include Bruce K Crowther, Douglas Matthew Brown, George Cardoza, Jennifer Balliet, Kathryn B Mckenzie, Kevin C Johnson, Lawrence Martin Weiss, Mark Mallon, Oort Douglas M Van, Robert J Shovlin, Steven C Jones and William Bonello.
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Shares of NEO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of NEO stock can currently be purchased for approximately $18.11.

NeoGenomics (NASDAQ:NEO) has a market capitalization of $2.31 billion and generates $509.73 million in revenue each year. The medical research company earns $-144,250,000.00 in net income (profit) each year or ($1.16) on an earnings per share basis.

The company employs 2,100 workers across the globe.

NeoGenomics' mailing address is 12701 COMMONWEALTH DRIVE SUITE 9, FORT MYERS FL, 33913. The official website for the company is www.neogenomics.com. The medical research company can be reached via phone at (239) 768-0600, via email at sjones@neogenomics.com, or via fax at 239-690-4237.