ValuEngine upgraded shares of Fulgent Genetic (NASDAQ:FLGT) from a sell rating to a hold rating in a report published on Monday morning.

Other analysts have also recently issued research reports about the company. Zacks Investment Research raised Fulgent Genetic from a sell rating to a hold rating in a research report on Tuesday, September 26th. Credit Suisse Group AG lowered their price objective on Fulgent Genetic from $11.00 to $10.00 and set an outperform rating for the company in a research report on Tuesday, August 8th. Finally, Piper Jaffray Companies reaffirmed an overweight rating and set a $7.00 price target (down previously from $10.00) on shares of Fulgent Genetic in a research report on Wednesday, August 9th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of $10.67.

Fulgent Genetic (NASDAQ FLGT) traded up 0.21% on Monday, hitting $4.76. The stock had a trading volume of 30,272 shares. The company has a 50-day moving average price of $4.90 and a 200 day moving average price of $4.90. Fulgent Genetic has a 52-week low of $4.37 and a 52-week high of $13.90. The firm’s market cap is $84.44 million.

Fulgent Genetic (NASDAQ:FLGT) last posted its quarterly earnings data on Monday, August 7th. The company reported $0.02 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.02. The firm had revenue of $4.64 million during the quarter, compared to analysts’ expectations of $5.03 million. Fulgent Genetic had a negative return on equity of 0.02% and a negative net margin of 0.42%. Equities analysts forecast that Fulgent Genetic will post $0.14 earnings per share for the current fiscal year.

WARNING: “Fulgent Genetic (FLGT) Lifted to “Hold” at ValuEngine” was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this news story on another site, it was illegally stolen and reposted in violation of United States and international trademark and copyright law. The legal version of this news story can be viewed at https://www.thecerbatgem.com/2017/10/06/fulgent-genetic-flgt-lifted-to-hold-at-valuengine.html.

In other Fulgent Genetic news, CFO Paul Kim sold 6,134 shares of Fulgent Genetic stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $5.71, for a total transaction of $35,025.14. Following the completion of the sale, the chief financial officer now owns 388,602 shares of the company’s stock, valued at approximately $2,218,917.42. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Institutional investors and hedge funds have recently modified their holdings of the business. Wells Fargo & Company MN lifted its position in Fulgent Genetic by 2,046.0% during the 1st quarter. Wells Fargo & Company MN now owns 10,730 shares of the company’s stock worth $118,000 after acquiring an additional 10,230 shares during the period. Bank of New York Mellon Corp acquired a new stake in Fulgent Genetic during the 1st quarter worth about $122,000. Blair William & Co. IL acquired a new stake in Fulgent Genetic during the 1st quarter worth about $287,000. Scholtz & Company LLC lifted its position in Fulgent Genetic by 50.3% during the 1st quarter. Scholtz & Company LLC now owns 266,705 shares of the company’s stock worth $2,912,000 after acquiring an additional 89,205 shares during the period. Finally, William Blair Investment Management LLC lifted its position in Fulgent Genetic by 10.4% during the 2nd quarter. William Blair Investment Management LLC now owns 640,219 shares of the company’s stock worth $4,091,000 after acquiring an additional 60,508 shares during the period. 16.78% of the stock is owned by institutional investors.

About Fulgent Genetic

Fulgent Genetics, Inc is a technology company. The Company offers genetic testing to provide physicians with clinically actionable diagnostic information to improve quality of patient care. The Company has developed a technology platform that integrates data comparison and suppression algorithms, adaptive learning software, advanced genetic diagnostics tools and integrated laboratory processes.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Stock Ratings for Fulgent Genetic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fulgent Genetic and related stocks with our FREE daily email newsletter.