In a report released yesterday, William Quirk from Piper Jaffray reiterated a Hold rating on Genomic Health (NASDAQ: GHDX), with a price target of $60. The company’s shares closed yesterday at $54.45, close to its 52-week high of $59.43.
According to TipRanks.com, Quirk is a 5-star analyst with an average return of 18.3% and a 68.8% success rate. Quirk covers the Healthcare sector, focusing on stocks such as Accelerate Diagnostics, Idexx Laboratories, and Becton Dickinson.
Currently, the analyst consensus on Genomic Health is a Hold with an average price target of $53.10, which is a -2.5% downside from current levels. In a report released today, Jefferies also reiterated a Hold rating on the stock with a $50 price target.
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The company has a one-year high of $59.43 and a one-year low of $26.54. Currently, Genomic Health has an average volume of 303.8K.
Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of GHDX in relation to earlier this year.
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Genomic Health, Inc. provides genomic-based diagnostic tests, which analyze the underlying biology of cancers, allowing physicians and patients to make individualized treatment decisions. It uses a platform which translates a massive amount of clinical and genomic data into clinically actionable results for treatment planning.