Maxim Group analyst Caroline Palomeque maintained a Buy rating on Interpace Diagnostics Group Inc (NASDAQ: IDXG) today and set a price target of $4. The company’s shares opened today at $1.37.
Palomeque noted:
“Interpace presented new interim data at the Annual Meeting of the American Thyroid Association (ATA) on the combined use of its molecular tests for thyroid cancer; ThyGenX and ThyraMIR.”
According to TipRanks.com, Palomeque ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -8.2% and a 28.3% success rate. Palomeque covers the Healthcare sector, focusing on stocks such as Soleno Therapeutics Inc, VistaGen Therapeutics, and Anavex Life Sciences.
Currently, the analyst consensus on Interpace Diagnostics Group Inc is a Moderate Buy with an average price target of $3.50, representing a 155.5% upside. In a report issued on October 5, H.C. Wainwright also reiterated a Buy rating on the stock with a $3 price target.
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Based on Interpace Diagnostics Group Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $1.92 million. In comparison, last year the company had a GAAP net loss of $3.32 million.
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Interpace Diagnostics Group, Inc. is an bioinformatics company, which engages in the development and commercialization of molecular diagnostic test and pathology services. It offers PancraGEN, a pancreatic cyst and pancreaticobiliary solid lesion molecular test that can aid in pancreatic cyst diagnosis and pancreatic cancer risk assessment; ThyGenX and PathFinderTG which assesses thyroid nodules for risk of malignancy; and ThyraMIR, which assesses thyroid nodules for risk of malignancy utilizing a proprietary gene expression assay. The company was founded by John P. Dugan in 1987 and is headquartered in Parsippany, NJ.
