ValuEngine downgraded shares of Genomic Health (NASDAQ:GHDX) from a hold rating to a sell rating in a research report sent to investors on Thursday.
A number of other brokerages have also issued reports on GHDX. Zacks Investment Research lowered shares of Genomic Health from a hold rating to a strong sell rating in a research report on Friday, March 9th. William Blair lowered shares of Genomic Health from an outperform rating to a market perform rating in a report on Wednesday, December 20th. Barclays reiterated a sell rating and issued a $28.00 price target on shares of Genomic Health in a report on Monday, January 8th. Piper Jaffray reiterated a hold rating and issued a $33.00 price target on shares of Genomic Health in a report on Thursday, March 8th. Finally, BidaskClub upgraded shares of Genomic Health from a hold rating to a buy rating in a report on Friday, March 30th. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. Genomic Health presently has an average rating of Hold and an average target price of $32.67.
Shares of NASDAQ GHDX opened at $32.23 on Thursday. Genomic Health has a 1 year low of $26.54 and a 1 year high of $37.50. The company has a market cap of $1,138.49, a P/E ratio of 3,223.00 and a beta of 0.63.
In other news, COO G Bradley Cole sold 5,000 shares of the firm’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $32.89, for a total value of $164,450.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Kimberly J. Popovits sold 10,000 shares of the firm’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $32.93, for a total transaction of $329,300.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 39,942 shares of company stock worth $1,317,895. 46.20% of the stock is owned by company insiders.
Hedge funds have recently modified their holdings of the company. Wells Fargo & Company MN raised its stake in shares of Genomic Health by 12.8% in the 3rd quarter. Wells Fargo & Company MN now owns 68,884 shares of the medical research company’s stock valued at $2,211,000 after acquiring an additional 7,809 shares during the period. Emory University raised its stake in shares of Genomic Health by 17.8% in the 4th quarter. Emory University now owns 62,926 shares of the medical research company’s stock valued at $2,152,000 after acquiring an additional 9,487 shares during the period. Russell Investments Group Ltd. raised its stake in shares of Genomic Health by 38.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 22,670 shares of the medical research company’s stock valued at $727,000 after acquiring an additional 6,304 shares during the period. OxFORD Asset Management LLP purchased a new position in shares of Genomic Health in the 3rd quarter valued at $307,000. Finally, Dupont Capital Management Corp purchased a new position in shares of Genomic Health in the 4th quarter valued at $1,103,000. 89.99% of the stock is currently owned by institutional investors and hedge funds.
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Genomic Health Company Profile
Genomic Health, Inc, a healthcare company, provides actionable genomic information to personalize cancer treatment decisions worldwide. It develops and commercializes genomic-based clinical laboratory services that analyze the underlying biology of cancer, allowing physicians and patients to make individualized treatment decisions.
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