Natera Inc. (NTRA) Trading Down 11.1%
Natera Inc. (NASDAQ:NTRA) shares traded down 11.1% during trading on Friday . The stock traded as low as $11.03 and last traded at $11.65, with a volume of 250,528 shares trading hands. The stock had previously closed at $13.10.
NTRA has been the subject of a number of recent research reports. Morgan Stanley set a $20.00 target price on Natera and gave the stock a “buy” rating in a research note on Friday. Cowen and Company reaffirmed an “outperform” rating and issued a $17.00 target price on shares of Natera in a research note on Friday, June 3rd. Finally, Benchmark Co. raised their target price on Natera from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Monday, May 23rd. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Natera presently has an average rating of “Buy” and a consensus target price of $17.14.
The firm has a 50-day moving average price of $12.55 and a 200-day moving average price of $10.35. The firm’s market capitalization is $626.35 million.
Natera (NASDAQ:NTRA) last posted its earnings results on Thursday, August 4th. The company reported ($0.46) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.48) by $0.02. The firm had revenue of $52 million for the quarter, compared to analysts’ expectations of $50.64 million. The firm’s revenue for the quarter was up 15.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.40) earnings per share. On average, equities analysts predict that Natera Inc. will post ($1.69) earnings per share for the current year.
In other Natera news, CTO Jonathan Sheena sold 188,442 shares of the business’s stock in a transaction on Sunday, June 19th. The stock was sold at an average price of $11.94, for a total transaction of $2,249,997.48. Following the sale, the chief technology officer now directly owns 598,420 shares in the company, valued at $7,145,134.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Matthew Rabinowitz sold 104,892 shares of the business’s stock in a transaction on Friday, July 1st. The stock was sold at an average price of $12.14, for a total value 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.
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