Morgan Stanley Lowers Natera, Inc. (NTRA) Price Target to $13.00
Natera, Inc. (NASDAQ:NTRA) had its price target lowered by analysts at Morgan Stanley from $18.00 to $13.00 in a report issued on Monday. The firm presently has an “overweight” rating on the medical research company’s stock. Morgan Stanley’s target price would indicate a potential upside of 56.82% from the company’s current price.
Several other analysts have also recently weighed in on NTRA. BidaskClub cut Natera from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. ValuEngine cut Natera from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th. Canaccord Genuity boosted their price objective on Natera from $14.00 to $16.00 and gave the stock a “buy” rating in a report on Wednesday, May 10th. Finally, Zacks Investment Research cut Natera from a “buy” rating to a “hold” rating in a report on Thursday, May 11th. Four investment analysts have rated the stock with a sell rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $14.80.
Natera (NASDAQ:NTRA) traded down 5.19% during trading on Monday, hitting $7.86. 21,398 shares of the stock traded hands. The firm’s 50-day moving average is $10.36 and its 200 day moving average is $9.58. The stock’s market cap is $415.65 million. Natera has a 52 week low of $7.35 and a 52 week high of $13.08.
Natera (NASDAQ:NTRA) last announced its quarterly earnings data on Tuesday, May 9th. The medical research company reported ($0.70) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.61) by $0.09. The firm had revenue of $46.90 million for the quarter, compared to the consensus estimate of $42.82 million. Natera had a negative return on equity of 101.63% and a negative net margin of 60.89%. The business’s revenue for the quarter was down 24.2% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.17) earnings per share. Equities research analysts forecast that Natera will post ($2.01) earnings per share for the current fiscal year.
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Several hedge funds have recently made changes to their positions in the stock. Russell Investments Group Ltd. bought a new stake in shares of Natera during the fourth quarter worth approximately $130,000. State Street Corp boosted its stake in shares of Natera by 2.9% in the fourth quarter. State Street Corp now owns 389,498 shares of the medical research company’s stock worth $4,561,000 after buying an additional 11,067 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Natera by 51.4% in the fourth quarter. Renaissance Technologies LLC now owns 320,800 shares of the medical research company’s stock worth $3,757,000 after buying an additional 108,900 shares during the period. Teachers Advisors LLC boosted its stake in shares of Natera by 5.0% in the fourth quarter. Teachers Advisors LLC now owns 44,224 shares of the medical research company’s stock worth $518,000 after buying an additional 2,116 shares during the period. Finally, Highbridge Capital Management LLC boosted its stake in shares of Natera by 119.7% in the fourth quarter. Highbridge Capital Management LLC now owns 41,686 shares of the medical research company’s stock worth $488,000 after buying an additional 22,712 shares during the period. 59.74% of the stock is owned by institutional investors.
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