Separately, The Goldman Sachs Group cut their price objective on shares of Myriad Genetics from $26.00 to $23.00 and set a sell rating on the stock in a research report on Tuesday, April 19th.
MYGN opened at $21.35 on Friday. The company has a fifty day moving average price of $23.10 and a two-hundred day moving average price of $25.22. Myriad Genetics has a 52 week low of $18.98 and a 52 week high of $36.95. The firm has a market capitalization of $1.72 billion, a PE ratio of -177.92 and a beta of 1.57.
In other Myriad Genetics news, insider Jayne B. Hart sold 10,500 shares of the business’s stock in a transaction dated Monday, February 28th. The shares were sold at an average price of $25.00, for a total value of $262,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.80% of the stock is owned by insiders.
A number of large investors have recently bought and sold shares of MYGN. GHP Investment Advisors Inc. bought a new position in shares of Myriad Genetics in the first quarter valued at $27,000. Exchange Traded Concepts LLC purchased a new stake in Myriad Genetics during the first quarter worth about $29,000. Rockefeller Capital Management L.P. increased its stake in shares of Myriad Genetics by 209.5% in the third quarter. Rockefeller Capital Management L.P. now owns 1,238 shares of the company’s stock worth $39,000 after purchasing an additional 838 shares in the last quarter. Spire Wealth Management purchased a new position in shares of Myriad Genetics in the fourth quarter worth about $48,000. Finally, Itau Unibanco Holding S.A. purchased a new position in Myriad Genetics during the fourth quarter valued at approximately $81,000. Institutional investors and hedge funds own 97.44% of the company’s stock.
Myriad Genetics Company Profile (Get Rating)
Myriad Genetics, Inc, a genetic testing and precision medicine company, develops and commercializes genetic tests in the United States and internationally. The company offers molecular diagnostic tests for use in oncology, and women's and mental health applications. It provides MyRisk Hereditary Cancer Test, a DNA sequencing test for assessing the risks for hereditary cancers; BRACAnalysis CDx Germline Companion Diagnostic Test, a DNA sequencing test to help determine the therapy for patients with metastatic breast, ovarian, metastatic pancreatic, or metastatic prostate cancer with deleterious or suspected deleterious germline BRCA variants; and MyChoice CDx Companion Diagnostic Test, a tumor test that determines homologous recombination deficiency status in patients with ovarian cancer.
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