Veracyte Company Profile (NASDAQ:VCYT)

About Veracyte (NASDAQ:VCYT)

Veracyte logoVeracyte, Inc. is a genomic diagnostics company. The Company uses genomic technology to resolve diagnostic ambiguity. It targets diseases in which patients undergo invasive diagnostic procedures. Its products combine genomic technology, clinical science and machine learning. The Company commercializes over three genomic tests, which are transforming the diagnosis of thyroid cancer, lung cancer and idiopathic pulmonary fibrosis. The Company's commercial solution, the Afirma Thyroid fine needle aspiration (FNA) Analysis, centers on the Afirma Gene Expression Classifier (GEC). The Afirma GEC is offered directly or as part of a solution that also includes cytopathology. The Company operates in the pulmonology diagnostics market. It offers Percepta Bronchial Genomic Classifier, a genomic test to resolve ambiguity in lung cancer diagnosis. It also offers the Envisia Genomic Classifier, which is designed to help in the assessment of patients suspected to have idiopathic pulmonary fibrosis.

Industry, Sector and Symbol:
  • Sector: Medical
  • Industry: Bio Diagnostics & Testing
  • Sub-Industry: N/A
  • Symbol: NASDAQ:VCYT
  • CUSIP: N/A
  • Web: www.veracyte.com
Capitalization:
  • Market Cap: $301.65 million
  • Outstanding Shares: 33,893,000
Average Prices:
  • 50 Day Moving Avg: $8.49
  • 200 Day Moving Avg: $8.22
  • 52 Week Range: $5.82 - $9.71
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: -15.34
  • P/E Growth: 0.00
Sales & Book Value:
  • Annual Revenue: $71.7 million
  • Price / Sales: 4.21
  • Book Value: $1.41 per share
  • Price / Book: 6.31
Profitability:
  • EBITDA: ($20,100,000.00)
  • Net Margins: -35.64%
  • Return on Equity: -53.58%
  • Return on Assets: -29.07%
Debt:
  • Debt-to-Equity Ratio: 0.53%
  • Current Ratio: 5.83%
  • Quick Ratio: 5.52%
Misc:
  • Average Volume: 105,664 shs.
  • Beta: 1.92
  • Short Ratio: 9.73
 

Frequently Asked Questions for Veracyte (NASDAQ:VCYT)

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 earnings results on Monday, July, 31st. The company reported ($0.22) EPS for the quarter, beating the Zacks' consensus estimate of ($0.25) by $0.03. The firm had revenue of $18.40 million for the quarter, compared to the consensus estimate of $18.32 million. Veracyte had a negative net margin of 35.64% and a negative return on equity of 53.58%. The company's revenue was up 25.2% on a year-over-year basis. During the same period last year, the firm posted ($0.40) EPS. View Veracyte's Earnings History.

When will Veracyte make its next earnings announcement?

Veracyte is scheduled to release their next quarterly earnings announcement on Wednesday, November, 1st 2017. View Earnings Estimates for Veracyte.

Where is Veracyte's stock going? Where will Veracyte's stock price be in 2017?

6 brokers have issued 12-month target prices for Veracyte's shares. Their forecasts range from $12.00 to $15.00. On average, they expect Veracyte's share price to reach $13.25 in the next year. View Analyst Ratings for Veracyte.

What are analysts saying about Veracyte stock?

Here are some recent quotes from research analysts about Veracyte stock:

  • 1. According to Zacks Investment Research, "Veracyte, Inc. is a diagnostics company. It is focused on discovering, developing and commercializing molecular cytology solutions. The Company provides Afirma Thyroid FNA Analysis, which helps physicians in reducing unnecessary diagnostic surgeries for patients with thyroid nodules. Veracyte is also developing Afirma Malignant GEC test. It serves endocrinologists, radiologists, and head and neck specialists. Veracyte, Inc. is headquartered in South San Francisco, California. " (10/12/2017)
  • 2. Leerink Swann analysts commented, "We reiterate our OP rating and maintain our PT of $12. Commercial Payers Still Key to Driving Adoption Ramp and Sales Longer-term. VCYT has successfully driven the Afirma adoption ramp by gaining multi-year commercial payer contracts on the back of solid clinical evidence — as 80% of Afirma volumes still comes from private payers. Afirma currently has 185M lives covered and $155M contracted with 25M of those lives in Blue Cross Blue Shield. Beyond that, for Afirma GEC, VCYT’s key priorities include securing a positive coverage decision for the largest Blues payer: Anthem (ANTM, OP) with its 40M covered lives, and converting other Blues payers to in-network contracts. Medicare accounts for only 20% of Afirma test samples and thus the eliminated impact was only ~$1.6M. Plus, with the new data that was released at the ATA meeting recently highlighting 70%-80% of specificity of the enhanced Afirma test, we believe VCYT should be able to get Anthem as well." (11/22/2016)

Who are some of Veracyte's key competitors?

Who are Veracyte's key executives?

Veracyte's management team includes the folowing people:

  • Bonnie H. Anderson, Chairman of the Board, Chief Executive Officer
  • Christopher M. Hall, President, Chief Operating Officer
  • Keith S. Kennedy, Chief Financial Officer
  • Julie A. Brooks, General Counsel, Secretary
  • John W. Hanna, Chief Commercial Officer
  • John L. Bishop, Lead Independent Director
  • Fred E. Cohen Ph.D. M.D., Independent Director
  • Karin Eastham CPA, Independent Director
  • Robert S. Epstein M.D., Independent Director
  • Kevin K. Gordon, Independent Director

How do I buy Veracyte stock?

Shares of Veracyte can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Veracyte's stock price today?

One share of Veracyte stock can currently be purchased for approximately $8.90.


MarketBeat Community Rating for Veracyte (NASDAQ VCYT)
Community Ranking:  3.5 out of 5 (star star star half star)
Outperform Votes:  194 (Vote Outperform)
Underperform Votes:  85 (Vote Underperform)
Total Votes:  279
MarketBeat's community ratings are surveys of what our community members think about Veracyte and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Veracyte (NASDAQ:VCYT) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 6 Buy Ratings
Consensus Rating:Buy (Score: 3.00)
Consensus Price Target: $13.25 (48.88% upside)
Consensus Price Target History for Veracyte (NASDAQ:VCYT)
Price Target History for Veracyte (NASDAQ:VCYT)
Analysts' Ratings History for Veracyte (NASDAQ:VCYT)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
9/12/2017Piper Jaffray CompaniesReiterated RatingBuyLowView Rating Details
8/31/2017BTIG ResearchReiterated RatingBuy -> Buy$13.00HighView Rating Details
6/28/2017Janney Montgomery ScottReiterated RatingBuy$15.00LowView Rating Details
5/18/2017Cantor FitzgeraldSet Price TargetBuy$13.00LowView Rating Details
11/22/2016Leerink SwannReiterated RatingBuy$12.00N/AView Rating Details
10/18/2016William BlairReiterated RatingOutperformN/AView Rating Details
11/19/2015StephensReiterated RatingBuyN/AView Rating Details
(Data available from 10/17/2015 forward)

Earnings

Earnings History for Veracyte (NASDAQ:VCYT)
Earnings by Quarter for Veracyte (NASDAQ:VCYT)
Earnings History by Quarter for Veracyte (NASDAQ VCYT)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/1/2017($0.22)N/AView Earnings Details
7/31/2017Q2 2017($0.25)($0.22)$18.32 million$18.40 millionViewN/AView Earnings Details
5/3/2017Q1 2017($0.24)($0.24)$18.09 million$16.43 millionViewListenView Earnings Details
3/1/2017Q416($0.26)($0.14)$17.49 million$18.30 millionViewListenView Earnings Details
11/3/2016Q316($0.36)($0.20)$15.76 million$18.60 millionViewN/AView Earnings Details
8/3/2016Q216($0.33)($0.40)$14.80 million$14.68 millionViewN/AView Earnings Details
5/5/2016Q116($0.35)($0.36)$13.08 million$13.55 millionViewN/AView Earnings Details
3/10/2016Q415($0.30)($0.29)$14.45 million$14.04 millionViewListenView Earnings Details
11/5/2015Q315($0.33)($0.32)$12.72 million$12.33 millionViewListenView Earnings Details
8/13/2015Q215($0.31)($0.35)$12.23 million$11.90 millionViewListenView Earnings Details
5/14/2015Q115($0.37)($0.34)$10.83 million$11.20 millionViewListenView Earnings Details
3/19/2015Q414($0.33)($0.36)$11.83 million$12.20 millionViewN/AView Earnings Details
11/13/2014Q314($0.35)($0.37)$9.67 million$9.80 millionViewN/AView Earnings Details
8/13/2014Q214($0.33)($0.31)$9.36 million$8.70 millionViewN/AView Earnings Details
5/8/2014Q114($0.31)($0.32)$7.19 million$7.50 millionViewN/AView Earnings Details
3/18/2014Q4($0.38)($0.42)$6.43 million$6.84 millionViewListenView Earnings Details
11/25/2013Q313($6.59)$3.20 million$5.60 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Veracyte (NASDAQ:VCYT)
2017 EPS Consensus Estimate: ($0.92)
2018 EPS Consensus Estimate: ($0.61)
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171($0.22)($0.22)($0.22)
Q2 20172($0.27)($0.26)($0.27)
Q3 20171($0.23)($0.23)($0.23)
Q4 20172($0.22)($0.19)($0.21)
Q1 20182($0.19)($0.18)($0.19)
Q2 20182($0.17)($0.15)($0.16)
Q3 20182($0.14)($0.14)($0.14)
Q4 20182($0.13)($0.11)($0.12)
(Data provided by Zacks Investment Research)

Dividends

Dividend History for Veracyte (NASDAQ:VCYT)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading and Institutional Ownership History for Veracyte (NASDAQ:VCYT)
Insider Ownership Percentage: 13.40%
Institutional Ownership Percentage: 65.67%
Insider Trades by Quarter for Veracyte (NASDAQ:VCYT)
Institutional Ownership by Quarter for Veracyte (NASDAQ:VCYT)
Insider Trades by Quarter for Veracyte (NASDAQ:VCYT)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
10/2/2017Christopher M HallInsiderSell20,000$9.00$180,000.00View SEC Filing  
9/25/2017Bonnie H AndersonChairmanSell6,000$8.44$50,640.00View SEC Filing  
8/28/2017Evan/ Fa JonesDirectorSell22,500$7.81$175,725.00View SEC Filing  
8/24/2017Evan/ Fa JonesDirectorSell40,000$7.88$315,200.00View SEC Filing  
8/23/2017Evan/ Fa JonesDirectorSell20,000$7.92$158,400.00View SEC Filing  
5/16/2017Jesse I TreuDirectorSell2,226$8.08$17,986.08View SEC Filing  
3/21/2017Bonnie H AndersonChairmanSell5,000$9.09$45,450.00View SEC Filing  
6/3/2016Bonnie H AndersonCEOBuy5,000$5.40$27,000.00View SEC Filing  
6/1/2016Bonnie H AndersonCEOBuy5,000$5.46$27,300.00View SEC Filing  
5/31/2016Bonnie H AndersonCEOBuy2,500$5.46$13,650.00View SEC Filing  
11/25/2015Evan/ Fa JonesDirectorSell7,896$7.23$57,088.08View SEC Filing  
11/24/2015Evan/ Fa JonesDirectorSell7,104$7.20$51,148.80View SEC Filing  
7/22/2015Christopher M HallCOOSell2,500$11.85$29,625.00View SEC Filing  
6/26/2015Shelly D GuyerCFOSell1,000$12.08$12,080.00View SEC Filing  
9/10/2014Christopher M HallInsiderSell1,000$12.29$12,290.00View SEC Filing  
9/9/2014Evan/ Fa JonesDirectorSell27,304$12.60$344,030.40View SEC Filing  
8/18/2014Christopher M HallInsiderSell1,000$12.92$12,920.00View SEC Filing  
7/29/2014Julie BrooksEVPBuy1,122$14.69$16,482.18View SEC Filing  
7/28/2014Julie BrooksEVPBuy1,000$14.71$14,710.00View SEC Filing  
7/22/2014Julie BrooksVPBuy2,000$14.18$28,360.00View SEC Filing  
7/21/2014Julie BrooksVPBuy1,000$14.00$14,000.00View SEC Filing  
7/10/2014Christopher M HallInsiderSell3,000$14.92$44,760.00View SEC Filing  
6/27/2014Bonnie H AndersonCEOSell1,000$17.95$17,950.00View SEC Filing  
6/23/2014Bonnie H AndersonCEOSell4,000$16.45$65,800.00View SEC Filing  
6/23/2014Christopher M HallInsiderSell2,000$16.95$33,900.00View SEC Filing  
6/20/2014Shelly D GuyerCFOSell1,250$16.04$20,050.00View SEC Filing  
6/19/2014Christopher M HallInsiderSell3,000$14.99$44,970.00View SEC Filing  
6/12/2014Evan/ Fa JonesDirectorSell16,650$15.07$250,915.50View SEC Filing  
6/9/2014Evan/ Fa JonesDirectorSell22,870$14.57$333,215.90View SEC Filing  
6/5/2014Evan/ Fa JonesDirectorSell28,248$14.33$404,793.84View SEC Filing  
5/30/2014Evan/ Fa JonesDirectorSell23,882$15.33$366,111.06View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Veracyte (NASDAQ:VCYT)
Latest Headlines for Veracyte (NASDAQ:VCYT)
Source:
DateHeadline
finance.yahoo.com logoVeracyte Chairman and CEO Bonnie Anderson Receives Prestigious Innovation Award at Biomedical Engineering Society Annual Meeting
finance.yahoo.com - October 14 at 9:09 AM
americanbankingnews.com logoVeracyte, Inc. (VCYT) Downgraded to Sell at Zacks Investment Research
www.americanbankingnews.com - October 12 at 10:22 AM
americanbankingnews.com logo Analysts Anticipate Veracyte, Inc. (VCYT) Will Post Quarterly Sales of $19.96 Million
www.americanbankingnews.com - October 11 at 11:54 AM
finance.yahoo.com logoVeracyte Announces Data From Five Studies Validating the Next-Generation Afirma Genomic Sequencing Classifier to Be Presented at ATA 2017 Annual Meeting
finance.yahoo.com - October 6 at 12:23 PM
americanbankingnews.com logoVeracyte, Inc. (VCYT) Cut to Hold at Zacks Investment Research
www.americanbankingnews.com - October 5 at 11:58 PM
americanbankingnews.com logoVeracyte, Inc. (VCYT) Insider Christopher M. Hall Sells 20,000 Shares
www.americanbankingnews.com - October 4 at 8:30 PM
finance.yahoo.com logoVeracyte Announces Release of 2018 Preliminary Reimbursement Rate for Afirma Genomic Classifier Under PAMA
finance.yahoo.com - October 3 at 2:25 PM
americanbankingnews.com logoInsider Selling: Veracyte, Inc. (VCYT) Chairman Sells 6,000 Shares of Stock
www.americanbankingnews.com - September 27 at 8:32 PM
americanbankingnews.com logoVeracyte, Inc. (VCYT) Given Average Recommendation of "Buy" by Brokerages
www.americanbankingnews.com - September 24 at 8:44 AM
americanbankingnews.com logo Brokerages Expect Veracyte, Inc. (VCYT) to Announce -$0.21 EPS
www.americanbankingnews.com - September 20 at 12:30 PM
finance.yahoo.com logoVeracyte Launches Campaign to Save Lives through Early Screening for Lung Cancer
finance.yahoo.com - September 19 at 9:14 AM
finance.yahoo.com logoAwareness Campaign Takes Lung Cancer Risk Head-On, Asking North Carolinians To Screen Together
finance.yahoo.com - September 19 at 9:14 AM
finance.yahoo.com logoVeracyte to Present at the Cantor Fitzgerald Global Healthcare Conference
finance.yahoo.com - September 13 at 10:55 AM
americanbankingnews.com logoVeracyte's (VCYT) "Buy" Rating Reaffirmed at Piper Jaffray Companies
www.americanbankingnews.com - September 12 at 5:08 PM
americanbankingnews.com logoVeracyte, Inc. (VCYT) Forecasted to Earn Q4 2018 Earnings of ($0.13) Per Share
www.americanbankingnews.com - September 7 at 2:26 PM
americanbankingnews.com logoBrokers Offer Predictions for Veracyte, Inc.'s Q1 2018 Earnings (VCYT)
www.americanbankingnews.com - September 6 at 9:29 AM
americanbankingnews.com logoVeracyte, Inc. (VCYT) Expected to Post Quarterly Sales of $20.20 Million
www.americanbankingnews.com - September 3 at 1:22 AM
americanbankingnews.com logoVeracyte, Inc. (VCYT) Receives New Coverage from Analysts at BTIG Research
www.americanbankingnews.com - August 31 at 7:46 AM
americanbankingnews.com logoVeracyte, Inc. (VCYT) Receives Consensus Rating of "Buy" from Brokerages
www.americanbankingnews.com - August 30 at 8:48 AM
americanbankingnews.com logoInsider Selling: Veracyte, Inc. (VCYT) Director Sells 22,500 Shares of Stock
www.americanbankingnews.com - August 29 at 8:12 PM
americanbankingnews.com logoEvan/ Fa Jones Sells 20,000 Shares of Veracyte, Inc. (VCYT) Stock
www.americanbankingnews.com - August 25 at 8:32 PM
americanbankingnews.com logoVeracyte, Inc. (VCYT) Director Sells $315,200.00 in Stock
www.americanbankingnews.com - August 25 at 8:08 PM
finance.yahoo.com logoVeracyte to Present at the Morgan Stanley 15th Annual Global Healthcare Conference
finance.yahoo.com - August 25 at 12:13 PM
americanbankingnews.com logoVeracyte (VCYT) & DIGILITI MONEY (DGLT) Head-To-Head Comparison
www.americanbankingnews.com - August 20 at 6:18 PM
finance.yahoo.com logoETFs with exposure to Veracyte, Inc. : August 17, 2017
finance.yahoo.com - August 18 at 8:28 AM
americanbankingnews.com logoVeracyte (VCYT) & Digiliti Money (DGLT) Head-To-Head Contrast
www.americanbankingnews.com - August 16 at 8:34 PM
americanbankingnews.com logoAffymetrix (AFFX) & Veracyte (NASDAQ:VCYT) Critical Review
www.americanbankingnews.com - August 11 at 5:10 PM
americanbankingnews.com logoContrasting Veracyte (VCYT) and InVitae Corp (NVTA)
www.americanbankingnews.com - August 8 at 12:33 PM
americanbankingnews.com logoVeracyte, Inc. (VCYT) Given Average Rating of "Buy" by Analysts
www.americanbankingnews.com - August 5 at 8:44 AM
americanbankingnews.com logoVeracyte (NASDAQ:VCYT) and Vermillion (VRML) Financial Survey
www.americanbankingnews.com - August 3 at 10:26 PM
americanbankingnews.com logoFY2017 EPS Estimates for Veracyte, Inc. (VCYT) Lifted by Leerink Swann
www.americanbankingnews.com - August 3 at 9:30 AM
finance.yahoo.com logoVeracyte, Inc. :VCYT-US: Earnings Analysis: Q2, 2017 By the Numbers : August 2, 2017
finance.yahoo.com - August 3 at 8:29 AM
finance.yahoo.com logoEdited Transcript of VCYT earnings conference call or presentation 31-Jul-17 8:30pm GMT
finance.yahoo.com - August 2 at 8:22 AM
finance.yahoo.com logoVeracyte Announces Pivotal Clinical Validation Data for Afirma Genomic Sequencing Classifier Presented at World Congress on Thyroid Cancer
finance.yahoo.com - August 1 at 7:27 AM
finance.yahoo.com logoInvestor Network: Veracyte Inc. to Host Earnings Call
finance.yahoo.com - August 1 at 7:27 AM
finance.yahoo.com logoVeracyte Announces Second Quarter 2017 Financial Results
finance.yahoo.com - August 1 at 7:27 AM
finance.yahoo.com logoVeracyte reports 2Q loss
finance.yahoo.com - August 1 at 7:27 AM
americanbankingnews.com logoVeracyte, Inc. (VCYT) Issues Quarterly Earnings Results
www.americanbankingnews.com - August 1 at 12:50 AM
americanbankingnews.com logoVeracyte (VCYT) and DIGILITI MONEY (DGLT) Financial Review
www.americanbankingnews.com - July 31 at 9:32 AM
americanbankingnews.com logoVeracyte (NASDAQ:VCYT) and Vermillion (VRML) Financial Comparison
www.americanbankingnews.com - July 29 at 12:34 PM
americanbankingnews.com logo$18.27 Million in Sales Expected for Veracyte, Inc. (NASDAQ:VCYT) This Quarter
www.americanbankingnews.com - July 29 at 7:48 AM
americanbankingnews.com logo-$0.25 Earnings Per Share Expected for Veracyte, Inc. (NASDAQ:VCYT) This Quarter
www.americanbankingnews.com - July 27 at 9:03 AM
streetinsider.com logoVeracyte (VCYT) Says Positive Data From Three Afirma Studies to Be Presented at World Congress on Thyroid Cancer
www.streetinsider.com - July 26 at 9:38 AM
finance.yahoo.com logoVeracyte Announces Positive Data From Three Afirma Studies to Be Presented at World Congress on Thyroid Cancer
finance.yahoo.com - July 26 at 9:38 AM
americanbankingnews.com logoVeracyte, Inc. (VCYT) Set to Announce Earnings on Tuesday
www.americanbankingnews.com - July 25 at 7:33 AM
americanbankingnews.com logoAnalyzing Veracyte (NASDAQ:VCYT) & CareDx (CDNA)
www.americanbankingnews.com - July 22 at 6:29 PM
businesswire.com logoVeracyte to Host Conference Call and Webcast to Discuss Second Quarter 2017 Financial Results on Monday, July 31, 2017
www.businesswire.com - July 19 at 4:04 PM
finance.yahoo.com logoEdited Transcript of VCYT earnings conference call or presentation 1-Mar-17 9:30pm GMT
finance.yahoo.com - July 19 at 9:01 AM
americanbankingnews.com logoVeracyte, Inc. (NASDAQ:VCYT) Receives Consensus Rating of "Buy" from Analysts
www.americanbankingnews.com - July 11 at 8:38 AM
americanbankingnews.com logoCritical Comparison: Vermillion (VRML) and Veracyte (NASDAQ:VCYT)
www.americanbankingnews.com - July 7 at 8:06 AM

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Chart

Veracyte (VCYT) Chart for Tuesday, October, 17, 2017

This page was last updated on 10/17/2017 by MarketBeat.com Staff

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