Oppenheimer Keeps Their Hold Rating on Personalis (PSNL)

By Carrie Williams

Oppenheimer analyst Kevin DeGeeter maintained a Hold rating on Personalis (PSNLResearch Report) today. The company’s shares closed last Tuesday at $23.40.

According to TipRanks.com, DeGeeter is a 5-star analyst with an average return of 46.5% and a 49.3% success rate. DeGeeter covers the Healthcare sector, focusing on stocks such as Rocket Pharmaceuticals, Sensei Biotherapeutics, and Taysha Gene Therapies.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Personalis with a $41.60 average price target.

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Based on Personalis’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $20.18 million and GAAP net loss of $13.34 million. In comparison, last year the company earned revenue of $18.15 million and had a GAAP net loss of $6.65 million.

Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PSNL in relation to earlier this year.

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Personalis, Inc. provides genomic sequencing and analytics solutions to support the development of personalized cancer vaccines and other next-generation cancer immunotherapies. The company was founded by Euan A. Ashley, Michael Snyder, Atul J. Butte, John S. West, and Russ B. Altman in 2011 and is headquartered in Menlo Park, CA.