William Blair Reaffirms Their Buy Rating on Exelixis (EXEL)

By Ryan Adsit

William Blair analyst Andy Hsieh reiterated a Buy rating on Exelixis (EXELResearch Report) on November 6. The company’s shares closed last Friday at $23.73.

According to TipRanks.com, Hsieh is a 4-star analyst with an average return of 19.6% and a 61.4% success rate. Hsieh covers the Healthcare sector, focusing on stocks such as Actinium Pharmaceuticals, Nektar Therapeutics, and Viking Therapeutics.

Currently, the analyst consensus on Exelixis is a Strong Buy with an average price target of $30.50, representing a 28.4% upside. In a report issued on October 26, Piper Sandler also maintained a Buy rating on the stock with a $33.00 price target.

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Exelixis’ market cap is currently $7.36B and has a P/E ratio of 49.50. The company has a Price to Book ratio of 4.13.

Based on the recent corporate insider activity of 133 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of EXEL in relation to earlier this year. Earlier this month, Jeffrey Hessekiel, the EVP & GC of EXEL bought 50,000 shares for a total of $256,100.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Exelixis, Inc. is a biopharmaceutical company, which engages in the development, commercialization, and discovery of new medicines for the treatment of cancer. It offers products under the brands of Cometriq, Cabometyx, and Cotellic. The company was founded by Corey S. Goodman and Stelios B. Papadopoulos on November 15, 1994 and is headquartered in Alameda, CA.