Foundation Medicine (FMI) Getting Positive Media Coverage, Study Shows
News headlines about Foundation Medicine (NASDAQ:FMI) have been trending positive this week, Alpha One Sentiment reports. The research group, a unit of Accern, identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real time. Alpha One ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Foundation Medicine earned a news sentiment score of 0.27 on Alpha One’s scale. Alpha One also gave media stories about the company an impact score of 71 out of 100, indicating that recent media coverage is likely to have an effect on the company’s share price in the near term.
Here are some of the news articles that may have effected AlphaOne’s analysis:
- Insider Trading Activity Foundation Medicine Inc (NASDAQ:FMI) – CFO Sold 503 shares of Stock (4-traders.com)
- Insider Selling: Foundation Medicine Inc (FMI) CFO Sells 503 Shares of Stock (americanbankingnews.com)
- Steven J. Kafka Sells 4,405 Shares of Foundation Medicine Inc (FMI) Stock (americanbankingnews.com)
- Precision medicine: turning concept into reality (astrazeneca.com)
- H3 Biomedicine Extends Collaboration with Foundation Medicine to Develop Precision Therapies for Cancer (businesswire.com)
FMI has been the subject of a number of recent research reports. William Blair restated a “buy” rating on shares of Foundation Medicine in a research report on Monday, April 3rd. Zacks Investment Research upgraded Foundation Medicine from a “sell” rating to a “hold” rating in a research report on Thursday, April 6th. Finally, Janney Montgomery Scott upgraded Foundation Medicine from a “sell” rating to a “neutral” rating and set a $31.00 target price for the company in a research report on Tuesday, March 7th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $27.33.
Shares of Foundation Medicine (NASDAQ:FMI) traded up 0.15% during mid-day trading on Friday, reaching $32.35. The company’s stock had a trading volume of 117,580 shares. Foundation Medicine has a 52-week low of $15.10 and a 52-week high of $35.30. The company has a 50-day moving average price of $31.97 and a 200 day moving average price of $24.02. The company’s market cap is $1.15 billion.
Foundation Medicine (NASDAQ:FMI) last issued its earnings results on Wednesday, February 22nd. The company reported ($1.02) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.96) by $0.06. The firm had revenue of $28.80 million for the quarter, compared to the consensus estimate of $29.23 million. Foundation Medicine had a negative net margin of 84.67% and a negative return on equity of 42.21%. The company’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same period last year, the firm earned ($0.55) earnings per share. Equities analysts expect that Foundation Medicine will post ($3.95) earnings per share for the current year.
In other news, SVP Robert W. Hesslein sold 6,231 shares of Foundation Medicine stock in a transaction on Thursday, March 16th. The stock was sold at an average price of $31.67, for a total value of $197,335.77. Following the transaction, the senior vice president now directly owns 104,305 shares in the company, valued at approximately $3,303,339.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Steven J. Kafka sold 10,415 shares of Foundation Medicine stock in a transaction on Wednesday, February 8th. The shares were sold at an average price of $23.24, for a total value of $242,044.60. Following the completion of the transaction, the chief operating officer now owns 146,015 shares in the company, valued at $3,393,388.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 81,214 shares of company stock valued at $2,605,785. 2.20% of the stock is currently owned by corporate insiders.
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Foundation Medicine Company Profile
Foundation Medicine, Inc is a molecular information company. The Company sells products that are enabled by its molecular information platform to physicians and biopharmaceutical companies. The Company’s segment is the business of delivering molecular information about cancer to its customers. Its products provide genomic information about each patient’s individual cancer, enabling physicians to optimize treatments in clinical practice and biopharmaceutical companies to develop targeted oncology therapies.
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