Vetr Inc. Upgrades Shares of EXACT Sciences

On Thursday morning, Vetr released a research report upgrading their target for shares of EXACT Sciences. The rating has been upgraded from hold rating to a 'Buy'. Currently, Vetr has $25.47 price objective on the stock. On Thursday, shares of EXACT Sciences were traded about 7.5%to $21.33.

According to reports, the company has a 52-week low of $10.69 and a 52-week high of $29.97. The 50-day moving average of the stock was $24, while 200-day moving average was $24. In addition, market cap of EXACT Sciences is $1.89 billion. On the same day, the company was also the recipient of unusually large options trading. Investors acquired more than 3,630 put options on the company. As per the reports, it is increase of approximately 1,179% compared to daily volume of about 284 put options.

Last month, the company had reported its quarterly earnings, where it reported $0.38 earnings per share for the quarter. According to the company, it had revenue of about $1.15 million for the quarter. In the same quarter last year, EXACT Sciences posted $0.17 per share. The company's quarterly revenue was up 45.2% on a year-over-year basis.

Other equities' research analysts have also recently issued reports about the stock. Analysts at Goldman Sachs downgraded the company's shares from a buy rating to a neutral rating. They also lowered their price target for the stock from $29.00 to $24.00 in a research note.

On the other side, analysts at Roth Capital set a $26.00 price target on the company's shares. In a research note on March 6, they gave the company a buy rating. Analysts at JMP Securities also lowered their price target on shares from $34.00 to $27.00. The analysts also set a market outperform rating on the stock.