NASDAQ:VCYT - Veracyte Stock Price, News, & Analysis

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$25.11 -0.65 (-2.52 %)
(As of 03/26/2019 04:00 PM ET)
Previous Close$25.76
Today's Range$24.5575 - $26.26
52-Week Range$5.32 - $26.26
Volume748,721 shs
Average Volume594,523 shs
Market Capitalization$1.03 billion
P/E Ratio-40.50
Dividend YieldN/A
Beta1
Veracyte, Inc. operates as a genomic diagnostics company in the United States and internationally. The company offers Afirma Genomic Sequencing Classifier and Xpression Atlas solutions for a complex landscape in thyroid nodule diagnosis to physicians; Percepta Bronchial Genomic Classifier solution for use in lung cancer diagnosis; and Envisia Genomic Classifier solution for the diagnosis of idiopathic pulmonary fibrosis. It sells its products through product specialists, account managers, and medical science specialists. Veracyte, Inc. has a strategic collaboration with Johnson & Johnson, LLC and Johnson & Johnson's Lung Cancer Initiative to advance diagnostics of a nasal swab test for early lung cancer detection; a research collaboration with Loxo Oncology for the development of therapies for patients with genetically defined cancers; and an agreement with Johnson & Johnson Services, Inc. for the development and commercialization of novel diagnostic tests to detect lung cancer. The company was formerly known as Calderome, Inc. and changed its name to Veracyte, Inc. in March 2008. Veracyte, Inc. was incorporated in 2006 and is headquartered in South San Francisco, California.

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Industry, Sector and Symbol

Industry Medical laboratories
Sub-IndustryN/A
SectorMedical
Current SymbolNASDAQ:VCYT
CUSIPN/A
Phone650-243-6300

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$92.01 million
Book Value$1.97 per share

Profitability

Net Income$-23,000,000.00

Miscellaneous

Employees270
Market Cap$1.03 billion
Next Earnings Date5/7/2019 (Estimated)
OptionableOptionable

Veracyte (NASDAQ:VCYT) Frequently Asked Questions

What is Veracyte's stock symbol?

Veracyte trades on the NASDAQ under the ticker symbol "VCYT."

How were Veracyte's earnings last quarter?

Veracyte Inc (NASDAQ:VCYT) posted its quarterly earnings results on Monday, October, 29th. The biotechnology company reported ($0.12) earnings per share for the quarter, beating analysts' consensus estimates of ($0.25) by $0.13. The biotechnology company had revenue of $23.47 million for the quarter, compared to the consensus estimate of $21.52 million. Veracyte had a negative net margin of 25.00% and a negative return on equity of 42.80%. View Veracyte's Earnings History.

When is Veracyte's next earnings date?

Veracyte is scheduled to release their next quarterly earnings announcement on Tuesday, May 7th 2019. View Earnings Estimates for Veracyte.

What guidance has Veracyte issued on next quarter's earnings?

Veracyte updated its FY 2019 earnings guidance on Monday, February, 25th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $113-117 million, compared to the consensus revenue estimate of $109.43 million.

What price target have analysts set for VCYT?

4 equities research analysts have issued 1-year price objectives for Veracyte's stock. Their predictions range from $11.00 to $17.00. On average, they anticipate Veracyte's stock price to reach $13.4333 in the next year. This suggests that the stock has a possible downside of 46.5%. View Analyst Price Targets for Veracyte.

What is the consensus analysts' recommendation for Veracyte?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Veracyte in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Veracyte.

Has Veracyte been receiving favorable news coverage?

Media stories about VCYT stock have trended somewhat positive on Tuesday, according to InfoTrie Sentiment. The research group rates the sentiment of media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Veracyte earned a coverage optimism score of 1.0 on InfoTrie's scale. They also assigned media headlines about the biotechnology company a news buzz of 5.0 out of 10, meaning that recent media coverage is somewhat likely to have an impact on the company's share price in the near future.

Who are some of Veracyte's key competitors?

What other stocks do shareholders of Veracyte own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Veracyte investors own include Hawkins (HWKN), CA (CA), Endologix (ELGX), BlackRock (BLK), Netflix (NFLX), Chipotle Mexican Grill (CMG), Honeywell International (HON), InVitae (NVTA), Genocea Biosciences (GNCA) and Exelixis (EXEL).

Who are Veracyte's key executives?

Veracyte's management team includes the folowing people:
  • Ms. Bonnie H. Anderson, Co-Founder, Chairman & CEO (Age 61)
  • Mr. Christopher M. Hall, Pres & COO (Age 50)
  • Mr. Keith S. Kennedy CFA, CPA, CFO & Sec. (Age 49)
  • Dr. Giulia C. Kennedy Ph.D., Chief Scientific Officer & Head of Scientific, Clinical and Medical Affairs Department (Age 60)
  • Mr. Ashish Kheterpal, Chief Information Officer

Who are Veracyte's major shareholders?

Veracyte's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.36%), Cannell Capital LLC (4.18%), Millennium Management LLC (3.50%), Assenagon Asset Management S.A. (3.00%), Geode Capital Management LLC (0.96%) and Geode Capital Management LLC (0.96%). Company insiders that own Veracyte stock include Bonnie H Anderson, Christopher M Hall, Evan/ Fa Jones, Giulia C Kennedy and Jesse I Treu. View Institutional Ownership Trends for Veracyte.

Which institutional investors are selling Veracyte stock?

VCYT stock was sold by a variety of institutional investors in the last quarter, including Timpani Capital Management LLC, Algert Global LLC, Cannell Capital LLC, Gabelli Funds LLC, Strs Ohio, BlackRock Inc., Barclays PLC and Meeder Asset Management Inc.. Company insiders that have sold Veracyte company stock in the last year include Bonnie H Anderson, Christopher M Hall, Giulia C Kennedy and Jesse I Treu. View Insider Buying and Selling for Veracyte.

Which institutional investors are buying Veracyte stock?

VCYT stock was purchased by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Millennium Management LLC, Fiera Capital Corp, D. E. Shaw & Co. Inc., SG Americas Securities LLC, American Century Companies Inc., Bank of New York Mellon Corp and Acadian Asset Management LLC. View Insider Buying and Selling for Veracyte.

How do I buy shares of Veracyte?

Shares of VCYT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Veracyte's stock price today?

One share of VCYT stock can currently be purchased for approximately $25.11.

How big of a company is Veracyte?

Veracyte has a market capitalization of $1.03 billion and generates $92.01 million in revenue each year. The biotechnology company earns $-23,000,000.00 in net income (profit) each year or ($0.62) on an earnings per share basis. Veracyte employs 270 workers across the globe.

What is Veracyte's official website?

The official website for Veracyte is http://www.veracyte.com.

How can I contact Veracyte?

Veracyte's mailing address is 6000 SHORELINE COURT SUITE 300, SOUTH SAN FRANCISCO CA, 94080. The biotechnology company can be reached via phone at 650-243-6300 or via email at [email protected]


MarketBeat Community Rating for Veracyte (NASDAQ VCYT)

Community Ranking:  3.1 out of 5 (star star star)
Outperform Votes:  289 (Vote Outperform)
Underperform Votes:  182 (Vote Underperform)
Total Votes:  471
MarketBeat's community ratings are surveys of what our community members think about Veracyte and other stocks. Vote "Outperform" if you believe VCYT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe VCYT will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/26/2019 by MarketBeat.com Staff

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