National Asset Management Inc. Has $62,000 Holdings in 23andMe Holding Co. (NASDAQ:ME)

National Asset Management Inc. lessened its stake in 23andMe Holding Co. (NASDAQ:MEGet Rating) by 36.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,180 shares of the company’s stock after selling 9,088 shares during the quarter. National Asset Management Inc.’s holdings in 23andMe were worth $62,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Exos Asset Management LLC boosted its holdings in shares of 23andMe by 21.4% in the first quarter. Exos Asset Management LLC now owns 21,636 shares of the company’s stock valued at $83,000 after buying an additional 3,811 shares during the period. Steward Partners Investment Advisory LLC boosted its holdings in 23andMe by 262.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,433 shares of the company’s stock worth $36,000 after purchasing an additional 3,933 shares during the last quarter. Stratos Wealth Partners LTD. boosted its holdings in 23andMe by 14.3% during the first quarter. Stratos Wealth Partners LTD. now owns 34,695 shares of the company’s stock worth $133,000 after purchasing an additional 4,345 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in 23andMe by 36.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 20,957 shares of the company’s stock worth $139,000 after purchasing an additional 5,570 shares during the last quarter. Finally, Kestra Advisory Services LLC boosted its holdings in 23andMe by 39.3% during the fourth quarter. Kestra Advisory Services LLC now owns 20,241 shares of the company’s stock worth $135,000 after purchasing an additional 5,710 shares during the last quarter. Institutional investors and hedge funds own 14.14% of the company’s stock.

Wall Street Analyst Weigh In

ME has been the subject of several recent research reports. Credit Suisse Group reduced their target price on shares of 23andMe from $11.00 to $7.00 and set an “outperform” rating for the company in a report on Friday, May 27th. Citigroup reduced their target price on shares of 23andMe from $6.00 to $3.00 and set a “neutral” rating for the company in a report on Friday, May 27th.

23andMe Trading Up 0.4 %

NASDAQ ME opened at 2.79 on Tuesday. The firm’s fifty day moving average price is 2.70 and its two-hundred day moving average price is 3.42. 23andMe Holding Co. has a 1 year low of 2.12 and a 1 year high of 13.68. The firm has a market capitalization of $1.25 billion, a P/E ratio of -4.23 and a beta of 1.53.

23andMe (NASDAQ:MEGet Rating) last posted its quarterly earnings results on Thursday, May 26th. The company reported -0.13 earnings per share (EPS) for the quarter. 23andMe had a negative return on equity of 25.41% and a negative net margin of 79.99%. The firm had revenue of 100.56 million for the quarter, compared to the consensus estimate of 102.79 million. The firm’s quarterly revenue was up 13.5% compared to the same quarter last year.

23andMe Profile

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23andMe Holding Co operates as a consumer genetics testing company. It operates through two segments, Consumer & Research Services and Therapeutics. The Consumer & Research Services segment provides a suite of genetic reports, including information on customers' genetic ancestral origins, personal genetic health risks, and chances of passing on certain rare carrier conditions to their children, as well as reports on how genetics can impact responses to medications based on genetic testing of a saliva sample through its spit kit.

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Institutional Ownership by Quarter for 23andMe (NASDAQ:ME)

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