Natera Inc. (NTRA) Shares Up 2.8%
Shares of Natera Inc. (NASDAQ:NTRA) shot up 2.8% during trading on Friday . The stock traded as high as $12.46 and last traded at $12.39, with a volume of 63,742 shares changing hands. The stock had previously closed at $12.05.
Several research firms have recently commented on NTRA. Benchmark Co. increased their price target on shares of Natera from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Wednesday, May 11th. Morgan Stanley reissued a “buy” rating on shares of Natera in a research note on Tuesday, May 24th. Finally, Cowen and Company reissued an “outperform” rating and set a $17.00 price objective on shares of Natera in a research note on Friday, June 3rd. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $17.14.
The firm has a 50-day moving average price of $12.29 and a 200-day moving average price of $10.02. The company’s market cap is $634.55 million.
Natera (NASDAQ:NTRA) last released its quarterly earnings results on Tuesday, May 10th. The company reported ($0.17) EPS for the quarter, topping analysts’ consensus estimates of ($0.46) by $0.29. The company had revenue of $61.90 million for the quarter, compared to the consensus estimate of $48.17 million. The firm’s quarterly revenue was up 30.5% compared to the same quarter last year. During the same quarter last year, the firm posted ($1.89) earnings per share. On average, analysts expect that Natera Inc. will post ($1.69) EPS for the current year.
In related news, Director Roelof Botha purchased 837,521 shares of the company’s stock in a transaction on Sunday, June 19th. The shares were bought at an average cost of $11.94 per share, for a total transaction of $10,000,000.74. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Matthew Rabinowitz sold 104,892 shares of the business’s stock in a transaction dated Friday, July 1st. The stock was sold at an average price of $12.14, for a total transaction of $1,273,388.88. Following the sale, the chief executive officer now owns 2,167,354 shares in the company, valued at $26,311,677.56. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in Natera stock. Tekla Capital Management LLC raised its stake in Natera Inc. (NASDAQ:NTRA) by 8.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 882,358 shares of the company’s stock after buying an additional 68,058 shares during the period. Tekla Capital Management LLC owned about 1.76% of Natera worth $9,529,000 as of its most recent filing with the SEC.
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