Personalis (NASDAQ:PSNL) Price Target Raised to $12.00 at Needham & Company LLC

Personalis (NASDAQ:PSNLGet Free Report) had its target price increased by analysts at Needham & Company LLC from $10.00 to $12.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Needham & Company LLC’s price objective points to a potential upside of 32.89% from the company’s current price.

Other research analysts also recently issued research reports about the company. Morgan Stanley boosted their target price on Personalis from $9.00 to $11.00 and gave the stock an “equal weight” rating in a research note on Monday, December 1st. Weiss Ratings reiterated a “sell (d-)” rating on shares of Personalis in a research report on Thursday, January 22nd. Wall Street Zen upgraded shares of Personalis from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. HC Wainwright lifted their price target on shares of Personalis from $8.50 to $10.00 and gave the stock a “buy” rating in a report on Thursday, November 6th. Finally, BTIG Research boosted their price objective on shares of Personalis from $12.00 to $13.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Six equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $11.14.

Read Our Latest Analysis on PSNL

Personalis Stock Performance

Shares of Personalis stock opened at $9.03 on Friday. The business’s 50 day simple moving average is $8.82 and its 200 day simple moving average is $7.93. The firm has a market cap of $801.86 million, a PE ratio of -10.26 and a beta of 1.98. Personalis has a 52-week low of $2.83 and a 52-week high of $11.50.

Personalis (NASDAQ:PSNLGet Free Report) last announced its quarterly earnings results on Thursday, February 26th. The company reported ($0.26) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.31) by $0.05. The firm had revenue of $17.35 million for the quarter, compared to the consensus estimate of $17.12 million. Personalis had a negative return on equity of 38.25% and a negative net margin of 106.92%. As a group, equities research analysts predict that Personalis will post -1.4 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Deutsche Bank AG grew its stake in Personalis by 4.5% in the fourth quarter. Deutsche Bank AG now owns 38,827 shares of the company’s stock valued at $309,000 after acquiring an additional 1,655 shares during the period. Royal Bank of Canada lifted its holdings in shares of Personalis by 3.2% in the 1st quarter. Royal Bank of Canada now owns 78,341 shares of the company’s stock worth $275,000 after purchasing an additional 2,395 shares in the last quarter. Howland Capital Management LLC grew its position in Personalis by 0.9% in the 2nd quarter. Howland Capital Management LLC now owns 285,308 shares of the company’s stock valued at $1,872,000 after purchasing an additional 2,500 shares during the period. Caitong International Asset Management Co. Ltd raised its holdings in Personalis by 184.8% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 5,536 shares of the company’s stock worth $44,000 after buying an additional 3,592 shares during the last quarter. Finally, Intech Investment Management LLC lifted its stake in shares of Personalis by 23.4% in the fourth quarter. Intech Investment Management LLC now owns 20,342 shares of the company’s stock valued at $162,000 after buying an additional 3,851 shares in the last quarter. Institutional investors own 61.91% of the company’s stock.

Personalis News Roundup

Here are the key news stories impacting Personalis this week:

About Personalis

(Get Free Report)

Personalis, Inc (NASDAQ: PSNL) is a clinical‐stage genomics company that develops and markets advanced next‐generation sequencing (NGS) services and assays designed to accelerate precision medicine. The Company’s core offering is the ImmunoID NeXT™ Platform, which combines comprehensive tumor profiling—including whole exome, transcriptome, and T‐cell receptor sequencing—with proprietary bioinformatics to identify biomarkers and guide immuno‐oncology research. Personalis serves biopharmaceutical companies, academic institutions, and clinical research organizations seeking in‐depth insights into cancer, autoimmune diseases and other complex conditions.

In addition to its flagship ImmunoID NeXT™ Platform, Personalis offers a suite of customizable sequencing assays for biomarker discovery, clinical trial support and companion diagnostic development.

See Also

Analyst Recommendations for Personalis (NASDAQ:PSNL)

Receive News & Ratings for Personalis Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Personalis and related companies with MarketBeat.com's FREE daily email newsletter.