RBC Capital analyst Conor McNamara maintained a Hold rating on Hologic (HOLX – Research Report) on April 29 and set a price target of $81.00. The company’s shares closed yesterday at $75.77.
McNamara covers the Healthcare sector, focusing on stocks such as QuidelOrtho, Bio-Rad Laboratories, and Maravai Lifesciences Holdings. According to TipRanks, McNamara has an average return of -11.4% and a 32.63% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Hologic with a $85.67 average price target.
Based on Hologic’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.01 billion and a net profit of $246.5 million. In comparison, last year the company earned a revenue of $1.07 billion and had a net profit of $187.4 million
Based on the recent corporate insider activity of 56 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of HOLX in relation to earlier this year. Most recently, in March 2024, Sally Crawford, a Director at HOLX sold 9,039.00 shares for a total of $690,579.60.
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Hologic (HOLX) Company Description:
Hologic, Inc. engages in the development, manufacture, and supply of diagnostics products, medical imaging systems, and surgical products dedicated to serve the healthcare needs of women. It operates through the following business segments: Breast Health, Diagnostics, Medical Aesthetics, GYN Surgical, and Skeletal Health. The Breast Health segment includes a broad portfolio of breast imaging and related products and accessories, including digital mammography systems, computer-aided detection, for mammography and minimally invasive breast biopsy devices, breast biopsy site markers, and breast biopsy guidance systems. The Diagnostics segment comprises Aptima family of Assays, target capture/nucleic acid extraction techonolgy, transcription-mediated amplification technology, hybridization protection assay and dual kinetic assat technologies, instrumentation, and Invader Chemistry Platform. The Medical Aesthetics segment offers SculpSure; PicoSure, MedLite, and RevLite; and MonaLisa Touch. The GYN Surgical segment encompasses the NovaSure Endometrial Ablation System and the MyoSure Hysteroscopic Tissue Removal System. The Skeletal Health segment covers the discovery and horizon X-ray bone densitometry system, an ultrasound-based osteoporosis assessment product, and Fluoroscan mini C-arm imaging products. The company was founded by S. David Ellenbogen and Jay A. Stein in 1986 and is headquartered in Marlborough, MA.
