Ignyta Inc Cmn (NASDAQ:RXDX).
Baker Bros. Advisors Lp reports that it increased its position in Ignyta Inc Cmn stock by 45.0% in the last quarter. Its position was worth $16,045,000 an increase of 73.0% as of quarter end.
Several firms have updated their holdings. Alliancebernstein L.P. expanded its ownership by buying 65,000 shares an increase of 129.2% from 06/30/2017 to 09/30/2017. Alliancebernstein L.P. owns 115,300 shares worth $1,424,000. The total value of its holdings increased 173.3%. AXA bolstered its stake by buying 132,111 shares an increase of 42.0%. AXA currently owns 446,298 shares with a value of $5,512,000. The value of the position overall is up by 69.5%.
Pier Capital, LLC divested its position by selling 24,964 shares a decrease of 4.4% as of 09/30/2017. Pier Capital, LLC claims 537,618 shares valued at $6,640,000. The total value of its holdings increased 14.0%.
Equity analyst Ladenburg Thalmann Financial Services raised the price target on October 18 boosting the projection from $20.25 to $31.00 and issued a “” rating. On October 17, 2017 Cantor Fitzgerald released a research note on RXDX stating a rating of “Buy” and projecting a price target of $15.00.
October 12 investment analysts at J P Morgan Chase & Co kept the company rating at “Buy” with a current price target of $20.00. On September 27 Cantor Fitzgerald held the stock rating at “Buy” targeting a price of $15.00.
September 6 investment analysts at Cantor Fitzgerald maintained a stock rating of “Buy” projecting a price of $15.00.
The company is trading down by 5.00% percent from yesterday’s close. The company currently has a P/E ratio of N/A and the market cap of the company is 1.01B. As of the last earnings report the EPS was $-2.71 with 66.34M shares presently outstanding.
Short traders are more bullish on shares of Ignyta Inc Cmn recently if you evaluate the fall in short interest. The company recorded a fall in short interest from September 29, 2017 to October 13, 2017 of -8.32%. Short interest fell from 4,025,369 to 3,690,575 over that timeframe. The short-interest ratio decreased to 5.0 and the percentage of shorted shares is 0.06% as of October 13.