NeoGenomics, Inc. (NASDAQ:NEO) Director Buys $183,800.00 in Stock

NeoGenomics, Inc. (NASDAQ:NEO) Director Alison L. Hannah acquired 20,000 shares of the business’s stock in a transaction on Thursday, July 27th. The shares were purchased at an average price of $9.19 per share, for a total transaction of $183,800.00. Following the purchase, the director now directly owns 38,782 shares of the company’s stock, valued at $356,406.58. The transaction was disclosed in a filing with the SEC, which is available through this link.

Shares of NeoGenomics, Inc. (NASDAQ NEO) opened at 9.16 on Friday. The stock’s 50 day moving average price is $9.20 and its 200-day moving average price is $8.26. The firm’s market capitalization is $727.19 million. NeoGenomics, Inc. has a 12 month low of $6.90 and a 12 month high of $9.93.

NeoGenomics (NASDAQ:NEO) last released its quarterly earnings data on Tuesday, July 25th. The medical research company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.03. The company had revenue of $66.09 million for the quarter, compared to the consensus estimate of $62.95 million. NeoGenomics had a positive return on equity of 6.09% and a negative net margin of 2.81%. The company’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.04 earnings per share. On average, equities analysts anticipate that NeoGenomics, Inc. will post $0.18 earnings per share for the current fiscal year.

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Large investors have recently added to or reduced their stakes in the stock. Icon Advisers Inc. Co. bought a new stake in NeoGenomics during the first quarter worth $1,244,000. Renaissance Group LLC increased its stake in NeoGenomics by 1.1% in the first quarter. Renaissance Group LLC now owns 41,646 shares of the medical research company’s stock worth $329,000 after buying an additional 470 shares during the last quarter. Suntrust Banks Inc. boosted its position in NeoGenomics by 0.6% in the first quarter. Suntrust Banks Inc. now owns 31,617 shares of the medical research company’s stock worth $249,000 after buying an additional 184 shares during the period. Monarch Partners Asset Management LLC purchased a new position in NeoGenomics during the first quarter worth about $295,000. Finally, Emerald Advisers Inc. PA boosted its position in NeoGenomics by 30.5% in the first quarter. Emerald Advisers Inc. PA now owns 1,274,860 shares of the medical research company’s stock worth $10,059,000 after buying an additional 297,604 shares during the period. 82.56% of the stock is currently owned by institutional investors.

Several analysts have issued reports on NEO shares. BidaskClub upgraded NeoGenomics from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 19th. BTIG Research restated a “buy” rating and set a $11.00 price objective on shares of NeoGenomics in a research note on Sunday, May 28th. Zacks Investment Research cut NeoGenomics from a “hold” rating to a “sell” rating in a research note on Tuesday, May 9th. ValuEngine upgraded NeoGenomics from a “sell” rating to a “hold” rating in a research note on Friday, June 23rd. Finally, Cantor Fitzgerald restated a “buy” rating and set a $11.00 price objective on shares of NeoGenomics in a research note on Wednesday, April 26th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $10.40.

NeoGenomics Company Profile

NeoGenomics, Inc is an operator of a network of cancer-focused genetic testing laboratories. The Company operates in Laboratory Testing Segment. This segment delivers testing services to hospitals, pathologists, oncologists, other clinicians and researchers. It has laboratory locations in Ft. Myers and Tampa, Florida; Aliso Viejo, Fresno, Irvine, and West Sacramento, California; Houston, Texas and Nashville, and Tennessee.

Insider Buying and Selling by Quarter for NeoGenomics (NASDAQ:NEO)

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