Natera, Inc. (NTRA) Given Average Rating of “Hold” by Brokerages
Natera, Inc. (NASDAQ:NTRA) has been given an average rating of “Hold” by the eight research firms that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $16.20.
Several analysts recently weighed in on the company. Morgan Stanley restated an “overweight” rating and issued a $16.00 price objective (up from $13.00) on shares of Natera in a report on Friday, October 6th. Zacks Investment Research upgraded Natera from a “sell” rating to a “buy” rating and set a $15.00 price objective for the company in a report on Wednesday, October 11th. Cowen and Company restated a “buy” rating and issued a $14.00 price objective on shares of Natera in a report on Friday, September 1st. BidaskClub upgraded shares of Natera from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. Finally, ValuEngine upgraded shares of Natera from a “strong sell” rating to a “sell” rating in a report on Thursday, August 10th.
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In other Natera news, insider Jonathan Sheena sold 120,000 shares of the business’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $12.54, for a total value of $1,504,800.00. Following the completion of the transaction, the insider now directly owns 533,208 shares in the company, valued at $6,686,428.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 12.57% of the company’s stock.
A number of institutional investors have recently made changes to their positions in NTRA. Macquarie Group Ltd. raised its holdings in Natera by 112.3% in the second quarter. Macquarie Group Ltd. now owns 1,061,880 shares of the medical research company’s stock worth $11,532,000 after purchasing an additional 561,659 shares in the last quarter. Broadview Advisors LLC bought a new position in Natera in the second quarter worth about $5,490,000. Vanguard Group Inc. raised its holdings in Natera by 12.6% in the second quarter. Vanguard Group Inc. now owns 2,261,052 shares of the medical research company’s stock worth $24,555,000 after purchasing an additional 253,344 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Natera by 28.2% in the first quarter. Renaissance Technologies LLC now owns 411,400 shares of the medical research company’s stock worth $3,649,000 after purchasing an additional 90,600 shares in the last quarter. Finally, Kornitzer Capital Management Inc. KS raised its holdings in Natera by 22.2% in the second quarter. Kornitzer Capital Management Inc. KS now owns 436,290 shares of the medical research company’s stock worth $4,738,000 after purchasing an additional 79,325 shares in the last quarter. Institutional investors and hedge funds own 59.79% of the company’s stock.
Natera (NTRA) traded up 1.38% during mid-day trading on Friday, hitting $13.20. 70,738 shares of the stock were exchanged. The stock’s market cap is $702.54 million. The stock has a 50 day moving average of $13.07 and a 200-day moving average of $13.07. Natera has a 52-week low of $7.88 and a 52-week high of $14.76.
Natera (NASDAQ:NTRA) last released its quarterly earnings data on Tuesday, August 8th. The medical research company reported ($0.52) earnings per share for the quarter, meeting the consensus estimate of ($0.52). The firm had revenue of $53.60 million during the quarter, compared to the consensus estimate of $50.57 million. Natera had a negative return on equity of 137.46% and a negative net margin of 62.64%. The firm’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the company posted ($0.46) earnings per share. Equities analysts predict that Natera will post ($2.03) EPS for the current fiscal year.
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