Myriad GeneticsMYGN
About: Myriad Genetics is a molecular diagnostics company that provides testing services designed to assess an individual's risk of developing a disease. The firm produces MyRisk, a 48-gene panel with the capability to identify the elevated risk of developing 11 types of cancer. Other diagnostic products include BRACAnalysis CDx, the FDA-approved companion diagnostic for PARP inhibitors; GeneSight, which helps improve responses to psychotropic drugs for patients suffering from depression; and Prequel, a noninvasive prenatal test. Precise Oncology Solutions, launched in 2022, combines Precise Tumor with companion diagnostic and prognostic tests such as MyChoice CDx, Prolaris, and EndoPredict. The firm offers biomarker discovery and companion diagnostic services to pharma and biotech companies.
Employees: 2,700
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
146% more call options, than puts
Call options by funds: $3.04M | Put options by funds: $1.24M
100% more funds holding in top 10
Funds holding in top 10: 1 [Q2] → 2 (+1) [Q3]
71% more first-time investments, than exits
New positions opened: 48 | Existing positions closed: 28
17% more repeat investments, than reductions
Existing positions increased: 84 | Existing positions reduced: 72
9% more funds holding
Funds holding: 223 [Q2] → 243 (+20) [Q3]
8% more capital invested
Capital invested by funds: $2.29B [Q2] → $2.48B (+$192M) [Q3]
3.65% less ownership
Funds ownership: 103.49% [Q2] → 99.84% (-3.65%) [Q3]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Piper Sandler John Peterson 0 / 0 met price target | 57%upside $24 | Neutral Maintained | 11 Nov 2024 |
Morgan Stanley Tejas Savant 45% 1-year accuracy 5 / 11 met price target | 110%upside $32 | Equal-Weight Initiated | 19 Sept 2024 |
Wells Fargo Brandon Couillard 24% 1-year accuracy 4 / 17 met price target | 130%upside $35 | Overweight Initiated | 27 Aug 2024 |
Financial journalist opinion
Based on 46 articles about MYGN published over the past 30 days