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NASDAQ:VCYT

Veracyte - VCYT Stock Forecast, Price & News

$21.70
-1.12 (-4.91%)
(As of 08/19/2022 12:00 AM ET)
Add
Compare
Today's Range
$21.51
$22.30
50-Day Range
$15.96
$27.90
52-Week Range
$14.85
$54.13
Volume
605,690 shs
Average Volume
944,853 shs
Market Capitalization
$1.55 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$42.50

Veracyte MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
95.9% Upside
$42.50 Price Target
Short Interest
Healthy
11.02% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.05
Upright™ Environmental Score
News Sentiment
0.19mentions of Veracyte in the last 14 days
Based on 5 Articles This Week
Insider Trading
Acquiring Shares
$979,800 Bought Last Quarter
Proj. Earnings Growth
Growing
From ($0.82) to ($0.57) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.41 out of 5 stars

Medical Sector

277th out of 1,116 stocks

Medical Laboratories Industry

9th out of 28 stocks

VCYT stock logo

About Veracyte (NASDAQ:VCYT) Stock

Veracyte, Inc. operates as a diagnostics company worldwide. The company offers Afirma Genomic Sequencing Classifier and Xpression Atlas, which are used to determine patients with indeterminate results are benign to avoid unnecessary surgery; Decipher Prostate Biopsy and Radical Prostatectomy for prostate cancer diagnosis; Prosigna Breast Cancer Assay for breast cancer diagnosis; Percepta Genomic Sequencing Classifier and Percepta Nasal Swab Test for lung cancer diagnosis; Envisia Genomic Classifier for diagnosing interstitial lung disease, including idiopathic pulmonary fibrosis; and Immunoscore Colon Cancer test for colon cancer diagnosis. It is also developing Percepta Genomic Atlas to help inform lung cancer treatment decisions; Envisia Classifier, the nCounter analysis system; and LymphMark for lymphoma subtyping test. Veracyte, Inc. has technology licensing and collaboration arrangements with Johnson & Johnson; Acerta Pharma; and CareDx. 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.

Veracyte Stock Down 4.1 %

Shares of VCYT Stock traded down $0.93 during trading hours on Friday, reaching $21.89. 26,996 shares of the stock traded hands, compared to its average volume of 893,183. The firm has a market capitalization of $1.57 billion, a PE ratio of -33.56 and a beta of 1.11. The business has a fifty day moving average price of $23.24 and a 200 day moving average price of $23.63. Veracyte has a 1-year low of $14.85 and a 1-year high of $54.13.

Veracyte (NASDAQ:VCYT - Get Rating) last released its quarterly earnings data on Tuesday, August 2nd. The biotechnology company reported ($0.13) earnings per share for the quarter, beating the consensus estimate of ($0.21) by $0.08. The firm had revenue of $72.86 million for the quarter, compared to analyst estimates of $67.37 million. Veracyte had a negative net margin of 18.13% and a negative return on equity of 4.05%. Research analysts expect that Veracyte will post -0.82 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently commented on VCYT. Needham & Company LLC increased their target price on shares of Veracyte from $26.00 to $31.00 and gave the company a "buy" rating in a research note on Wednesday, August 3rd. Raymond James increased their target price on shares of Veracyte from $30.00 to $31.00 and gave the company an "outperform" rating in a research note on Thursday, August 4th. One equities research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $42.50.

Insider Buying and Selling at Veracyte

In other Veracyte news, Director Jens Holstein sold 8,720 shares of the company's stock in a transaction that occurred on Tuesday, June 14th. The shares were sold at an average price of $16.27, for a total value of $141,874.40. Following the transaction, the director now owns 2,000 shares in the company, valued at approximately $32,540. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Veracyte news, CEO Marc Stapley bought 60,000 shares of the firm's stock in a transaction on Friday, June 10th. The stock was bought at an average cost of $16.33 per share, with a total value of $979,800.00. Following the completion of the transaction, the chief executive officer now directly owns 159,761 shares of the company's stock, valued at approximately $2,608,897.13. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director Jens Holstein sold 8,720 shares of the business's stock in a transaction that occurred on Tuesday, June 14th. The stock was sold at an average price of $16.27, for a total transaction of $141,874.40. Following the completion of the sale, the director now directly owns 2,000 shares of the company's stock, valued at $32,540. The disclosure for this sale can be found here. Company insiders own 8.30% of the company's stock.

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VCYT Stock News Headlines

3 Cathie Wood Stocks for the Future - Nasdaq
Veracyte: Q2 Earnings Insights - Benzinga
Veracyte's Earnings: A Preview - Benzinga
Veracyte's Earnings: A Preview
See More Headlines
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VCYT Company Calendar

Last Earnings
8/02/2022
Today
8/19/2022
Next Earnings (Estimated)
11/08/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Medical laboratories
Sub-Industry
N/A
Sector
Medical
Current Symbol
NASDAQ:VCYT
Employees
761
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$42.50
High Stock Price Forecast
$59.00
Low Stock Price Forecast
$31.00
Forecasted Upside/Downside
+95.9%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
6 Analysts

Profitability

Net Income
$-75,560,000.00
Pretax Margin
-18.97%

Debt

Sales & Book Value

Annual Sales
$219.51 million
Book Value
$14.87 per share

Miscellaneous

Free Float
65,635,000
Market Cap
$1.55 billion
Optionable
Optionable
Beta
1.11

Key Executives

  • Ms. Bonnie H. AndersonMs. Bonnie H. Anderson (Age 64)
    Co-Founder & Exec. Chairwoman
    Comp: $1.21M
  • Mr. Marc A. Stapley (Age 52)
    CEO & Director
    Comp: $900.4k
  • Ms. Rebecca Chambers (Age 44)
    Exec. VP & CFO
    Comp: $607.65k
  • Dr. Giulia C. Kennedy Ph.D. (Age 63)
    Global Chief Scientific Officer & Chief Medical Officer
    Comp: $691.33k
  • Dr. Tina S. Nova Ph.D. (Age 68)
    Pres of CLIA U.S. Bus.
    Comp: $4.58k
  • Ms. Beverly Jane Alley CPA (Age 59)
    VP & Corp. Controller
    Comp: $398.01k
  • Mr. Jonathan Wygant (Age 51)
    VP & Chief Accounting Officer
  • Ms. Annie McGuire (Age 42)
    Sr. VP & Gen. Counsel
  • Ms. Tracy Morris
    VP of Global Corp. Communications
  • Mr. John Walter Hanna Jr. (Age 41)
    Chief Commercial Officer and GM of Endocrinology, Breast Cancer & Lymphoma













VCYT Stock - Frequently Asked Questions

Should I buy or sell Veracyte stock right now?

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Veracyte in the last year. There are currently 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" VCYT shares.
View VCYT analyst ratings
or view top-rated stocks.

What is Veracyte's stock price forecast for 2022?

6 Wall Street analysts have issued 12 month target prices for Veracyte's shares. Their VCYT share price forecasts range from $31.00 to $59.00. On average, they anticipate the company's share price to reach $42.50 in the next year. This suggests a possible upside of 95.9% from the stock's current price.
View analysts price targets for VCYT
or view top-rated stocks among Wall Street analysts.

How have VCYT shares performed in 2022?

Veracyte's stock was trading at $41.20 on January 1st, 2022. Since then, VCYT stock has decreased by 47.3% and is now trading at $21.70.
View the best growth stocks for 2022 here
.

When is Veracyte's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 8th 2022.
View our VCYT earnings forecast
.

How were Veracyte's earnings last quarter?

Veracyte, Inc. (NASDAQ:VCYT) announced its quarterly earnings results on Tuesday, August, 2nd. The biotechnology company reported ($0.13) EPS for the quarter, topping analysts' consensus estimates of ($0.21) by $0.08. The biotechnology company had revenue of $72.86 million for the quarter, compared to the consensus estimate of $67.37 million. Veracyte had a negative trailing twelve-month return on equity of 4.05% and a negative net margin of 18.13%.

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

Veracyte updated its FY 2022 earnings guidance on Tuesday, August, 9th. The company provided EPS guidance of for the period. The company issued revenue guidance of $272.00 million-$280.00 million, compared to the consensus revenue estimate of $272.42 million.

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), Invitae (NVTA), AbbVie (ABBV), CA (CA), CRISPR Therapeutics (CRSP), Advanced Micro Devices (AMD), Editas Medicine (EDIT), NVIDIA (NVDA), Exelixis (EXEL) and NeoGenomics (NEO).

What is Veracyte's stock symbol?

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

Who are Veracyte's major shareholders?

Veracyte's stock is owned by many different retail and institutional investors. Top institutional shareholders include ARK Investment Management LLC (12.40%), State Street Corp (7.19%), Artisan Partners Limited Partnership (5.37%), Sumitomo Mitsui Trust Holdings Inc. (4.09%), Nikko Asset Management Americas Inc. (4.09%) and Pictet Asset Management SA (2.02%). Insiders that own company stock include Bonnie H Anderson, Evan/ Fa Jones, Giulia C Kennedy, Giulia C Kennedy, Jens Holstein, John Walter Hanna Jr, John Walter Hanna, Jr, Karin Eastham, Keith Kennedy, Kevin K Gordon, Marc Stapley, Mark Ho and Robert S Epstein.
View institutional ownership trends
.

How do I buy shares of Veracyte?

Shares of VCYT 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.
Compare Top Brokerages Here.

What is Veracyte's stock price today?

One share of VCYT stock can currently be purchased for approximately $21.70.

How much money does Veracyte make?

Veracyte (NASDAQ:VCYT) has a market capitalization of $1.55 billion and generates $219.51 million in revenue each year. The biotechnology company earns $-75,560,000.00 in net income (profit) each year or ($0.68) on an earnings per share basis.

How many employees does Veracyte have?

The company employs 761 workers across the globe.

How can I contact Veracyte?

Veracyte's mailing address is 6000 SHORELINE COURT SUITE 300, SOUTH SAN FRANCISCO CA, 94080. The official website for the company is www.veracyte.com. The biotechnology company can be reached via phone at (650) 243-6300, via email at keith@veracyte.com, or via fax at 650-243-6301.

This page (NASDAQ:VCYT) was last updated on 8/19/2022 by MarketBeat.com Staff

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