Insider Selling: Exact Sciences Co. (NASDAQ:EXAS) CEO Sells 6,263 Shares of Stock

Exact Sciences Co. (NASDAQ:EXASGet Free Report) CEO Kevin T. Conroy sold 6,263 shares of the company’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $56.89, for a total transaction of $356,302.07. Following the completion of the sale, the chief executive officer now directly owns 1,289,624 shares in the company, valued at $73,366,709.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Exact Sciences Price Performance

Shares of Exact Sciences stock traded down $0.59 on Wednesday, hitting $56.31. 1,628,300 shares of the company were exchanged, compared to its average volume of 1,976,769. The company has a quick ratio of 2.07, a current ratio of 2.32 and a debt-to-equity ratio of 0.74. The company has a 50-day moving average price of $65.93 and a 200 day moving average price of $68.45. The stock has a market capitalization of $10.22 billion, a price-to-earnings ratio of -49.39 and a beta of 1.27. Exact Sciences Co. has a 1-year low of $56.05 and a 1-year high of $100.77.

Exact Sciences (NASDAQ:EXASGet Free Report) last issued its earnings results on Wednesday, February 21st. The medical research company reported ($0.27) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.53) by $0.26. The company had revenue of $646.89 million during the quarter, compared to analysts’ expectations of $638.83 million. Exact Sciences had a negative return on equity of 6.60% and a negative net margin of 8.17%. During the same period in the prior year, the business earned ($0.72) EPS. The firm’s quarterly revenue was up 17.0% on a year-over-year basis. As a group, sell-side analysts predict that Exact Sciences Co. will post -0.95 earnings per share for the current fiscal year.

Institutional Trading of Exact Sciences

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Exact Sciences in the 4th quarter valued at approximately $120,308,000. Marshall Wace LLP purchased a new position in shares of Exact Sciences in the 2nd quarter valued at $91,558,000. Artisan Partners Limited Partnership grew its stake in Exact Sciences by 31.8% during the 2nd quarter. Artisan Partners Limited Partnership now owns 3,542,744 shares of the medical research company’s stock worth $332,664,000 after buying an additional 855,418 shares during the last quarter. Capital World Investors increased its holdings in shares of Exact Sciences by 17.2% in the 1st quarter. Capital World Investors now owns 5,487,009 shares of the medical research company’s stock valued at $383,652,000 after acquiring an additional 804,159 shares during the period. Finally, Vanguard Group Inc. increased its stake in Exact Sciences by 4.4% in the third quarter. Vanguard Group Inc. now owns 16,676,611 shares of the medical research company’s stock valued at $541,823,000 after purchasing an additional 698,740 shares during the period. Institutional investors and hedge funds own 89.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on EXAS. Wolfe Research started coverage on Exact Sciences in a research note on Wednesday, December 13th. They issued an “outperform” rating and a $95.00 target price on the stock. The Goldman Sachs Group cut their target price on shares of Exact Sciences from $100.00 to $90.00 and set a “buy” rating for the company in a report on Friday, November 3rd. Canaccord Genuity Group dropped their price target on shares of Exact Sciences from $100.00 to $90.00 and set a “buy” rating on the stock in a research report on Thursday, February 22nd. Guggenheim started coverage on shares of Exact Sciences in a research note on Thursday, December 14th. They set a “buy” rating and a $90.00 target price on the stock. Finally, TheStreet cut Exact Sciences from a “c-” rating to a “d+” rating in a research report on Monday. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $99.31.

Get Our Latest Stock Report on Exact Sciences

About Exact Sciences

(Get Free Report)

Exact Sciences Corporation provides cancer screening and diagnostic test products in the United States and internationally. The company offers Cologuard, a non-invasive stool-based DNA screening test to detect DNA and hemoglobin biomarkers associated with colorectal cancer and pre-cancer. It also provides Oncotype DX Breast Recurrence Score Test; Oncotype DX Breast DCIS Score Test; Oncotype DX Colon Recurrence Score Test; OncoExTra Test for tumor profiling for patients with advanced, metastatic, refractory, relapsed, or recurrent cancer; and Covid-19 testing services.

See Also

Insider Buying and Selling by Quarter for Exact Sciences (NASDAQ:EXAS)

Receive News & Ratings for Exact Sciences Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exact Sciences and related companies with's FREE daily email newsletter.