Veracyte (VCYT) Stock Price, News & Analysis

Company Overview

Veracyte, Inc. engages in the research, development and commercialization of diagnostic products. The firm's portfolio includes Afirma, Percepta, and Envisia. It intends to treat thyroid cancer, improve lung cancer screening, and clarify the diagnosis of idiopathic pulmonary fibrosis. The company was founded by Bonnie H. Anderson and Y. Douglas Dolginow on August 15, 2006 and is headquartered in South San Francisco, CA.

Key Stats

• Today's Range: $33.44 to $35.20
• 50-Day Range: $33.46 to $46.14
• 52-Week Range: $18.61 to $47.32
• Volume: 1.17 million shs
• Average Volume: 796,880 shs
• Market Capitalization: $2.60 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $43.00
• Consensus Rating: Moderate Buy

Veracyte Stock Analysis - MarketRank™

Veracyte scored higher than 86% of companies evaluated by MarketBeat, and ranked 253rd out of 942 stocks in the medical sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Veracyte has received a consensus rating of Moderate Buy. The company's average rating score is 2.63, and is based on 6 buy ratings, 1 hold rating, and 1 sell rating.

Amount of Analyst Coverage

Veracyte has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: 5.88%

Earnings Growth

Earnings for Veracyte are expected to grow by 5.88% in the coming year, from $0.68 to $0.72 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Veracyte is -223.73, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Veracyte is -223.73, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Veracyte has a P/B Ratio of 2.35. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

4.09% of the float of Veracyte has been sold short.

Short Interest Ratio / Days to Cover

Veracyte has a short interest ratio ("days to cover") of 3.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Veracyte has recently decreased by 0.63%, indicating that investor sentiment is improving.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Veracyte does not currently pay a dividend.

Dividend Growth

Veracyte does not have a long track record of dividend growth.

Sustainability and ESG

• Score: 4.3 / 5
• Environmental Score: -1.07

Percentage of Shares Shorted

4.09% of the float of Veracyte has been sold short.

Short Interest Ratio / Days to Cover

Veracyte has a short interest ratio ("days to cover") of 3.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Veracyte has recently decreased by 0.63%, indicating that investor sentiment is improving.

News and Social Media

• Score: 3.2 / 5
• News Sentiment: 0.70

News Sentiment

Veracyte has a news sentiment score of 0.70. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Medical companies.

News Coverage This Week

MarketBeat has tracked 28 news articles for Veracyte this week, compared to 6 articles on an average week.

Search Interest

7 people have searched for VCYT on MarketBeat in the last 30 days. This is an increase of 250% compared to the previous 30 days.

MarketBeat Follows

7 people have added Veracyte to their MarketBeat watchlist in the last 30 days. This is an increase of 133% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Veracyte insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $426,109.00 in company stock.

Percentage Held by Insiders

Only 1.30% of the stock of Veracyte is held by insiders.

VCYT Stock Analysis - Frequently Asked Questions

How have VCYT shares performed this year?

Veracyte's stock was trading at $39.60 on January 1st, 2025. Since then, VCYT shares have decreased by 15.3% and is now trading at $33.56.
View the best growth stocks for 2025 here.

How were Veracyte's earnings last quarter?

Veracyte, Inc. (NASDAQ:VCYT) released its earnings results on Monday, February, 24th. The biotechnology company reported $0.36 EPS for the quarter, topping analysts' consensus estimates of $0.29 by $0.07. The biotechnology company had revenue of $118.63 million for the quarter, compared to analysts' expectations of $110.73 million. Veracyte had a positive trailing twelve-month return on equity of 3.02% and a negative net margin of 2.18%.

Does Veracyte have any subsidiaries?

The following companies are subsidiaries of Veracyte: HalioDx Inc., Decipher Biosciences Inc., Allegro Diagnostics, Decipher Corp., Delight Merger Sub II LLC, Veracyte Global B.V., Veracyte International Corp., and Veracyte SAS.

Who are Veracyte's major shareholders?

Top institutional investors of Veracyte include Vanguard Group Inc. (10.60%), Artisan Partners Limited Partnership (8.52%), ARK Investment Management LLC (5.42%) and Wellington Management Group LLP (5.27%). Insiders that own company stock include Rebecca Chambers, John Leite, Giulia C Kennedy, Bonnie H Anderson, Jonathan Wygant, Jonathan Wygant, Evan/ Fa Jones, John L Bishop, Jens Holstein, Muna Bhanji and Karin Eastham.
View institutional ownership trends.

How do I buy shares of Veracyte?

Shares of VCYT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Veracyte own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Veracyte investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Tesla (TSLA), Netflix (NFLX), Broadcom (AVGO) and JPMorgan Chase & Co. (JPM).

Company Calendar

• Last Earnings: 2/24/2025
• Today: 3/04/2025
• Next Earnings (Estimated): 5/06/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Medical
• Industry: Medical laboratories
• Sub-Industry: Healthcare
• Current Symbol: NASDAQ:VCYT
• CIK: 1384101
• Web: www.veracyte.com
• Phone: (650) 243-6300
• Fax: 650-243-6301
• Employees: 790
• Year Founded: 2006

Price Target and Rating

• Average Stock Price Target: $43.00
• High Stock Price Target: $51.00
• Low Stock Price Target: $28.00
• Potential Upside/Downside: +28.1%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.63
• Research Coverage: 8 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.30
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 49.35
• P/E Growth: N/A
• Net Income: $-74,400,000.00
• Net Margins: -2.18%
• Pretax Margin: -1.92%
• Return on Equity: 3.02%
• Return on Assets: 2.80%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 5.08
• Quick Ratio: 4.79

Sales & Book Value

• Annual Sales: $445.76 million
• Price / Sales: 5.83
• Cash Flow: $0.08 per share
• Price / Cash Flow: 442.29
• Book Value: $14.30 per share
• Price / Book: 2.35

Miscellaneous

• Outstanding Shares: 77,500,000
• Free Float: 76,493,000
• Market Cap: $2.60 billion
• Optionable: Optionable
• Beta: 1.71