In a report released today, Alexander Nowak from Craig-Hallum maintained a Hold rating on CareDx (CDNA – Research Report). The company’s shares closed last Friday at $7.66.
Nowak covers the Healthcare sector, focusing on stocks such as CareDx, Celcuity, and REPRO-MED Systems. According to TipRanks, Nowak has an average return of -4.5% and a 37.31% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for CareDx with a $12.00 average price target.
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Based on CareDx’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $70.3 million and a GAAP net loss of $24.95 million. In comparison, last year the company earned a revenue of $80.63 million and had a GAAP net loss of $21.7 million
Based on the recent corporate insider activity of 75 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 CDNA in relation to earlier this year. Last month, George Bickerstaff, a Director at CDNA bought 19,453.00 shares for a total of $99,064.82.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
CareDx (CDNA) Company Description:
CareDx, Inc. operates as a transplant diagnostics company,which discovers, develops, and commercializes diagnostic solutions. Its product includes AlloMap, AlloSure, and Laboratory products. The company was founded on December 21, 1998 and is headquartered in Brisbane, CA.
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