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Progenity (PROG) Receives a Buy from H.C. Wainwright

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H.C. Wainwright analyst Joseph Pantginis maintained a Buy rating on Progenity (PROGResearch Report) today and set a price target of $4.00. The company’s shares closed last Wednesday at $1.79.

According to TipRanks.com, Pantginis is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -17.4% and a 24.3% success rate. Pantginis covers the Healthcare sector, focusing on stocks such as Applied Genetic Technologies, Lineage Cell Therapeutics, and Actinium Pharmaceuticals.

Progenity has an analyst consensus of Moderate Buy, with a price target consensus of $4.00.

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Progenity’s market cap is currently $302.9M and has a P/E ratio of -0.53.

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Progenity Inc is a biotechnology company. It is engaged in developing and commercializing molecular testing products. The company is translating innovation into precision medicine through diagnostic and therapeutic development platforms based on genomics, proteomics, and microbiomics. The firm generates its revenue from molecular laboratory tests, principally from the sale of Innatal, Preparent, and pathology molecular testing.

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