Natera Inc. (NTRA) Trading 4.1% Higher
Natera Inc. (NASDAQ:NTRA) shares traded up 4.1% on Thursday . The company traded as high as $11.01 and last traded at $10.85, with a volume of 105,734 shares. The stock had previously closed at $10.42.
A number of research analysts recently weighed in on the company. Morgan Stanley set a $20.00 target price on Natera and gave the stock a “buy” rating in a report on Friday, August 5th. Benchmark Co. upped their price objective on Natera from $14.00 to $15.00 and gave the company a “buy” rating in a report on Wednesday, May 11th. Finally, Cowen and Company reaffirmed an “outperform” rating and issued a $17.00 price objective on shares of Natera in a report on Friday, June 3rd. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $17.14.
The firm’s market capitalization is $565.88 million. The company has a 50 day moving average of $12.40 and a 200-day moving average of $10.43.
Natera (NASDAQ:NTRA) last posted its quarterly earnings data on Thursday, August 4th. The company reported ($0.46) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.48) by $0.02. The firm earned $52 million during the quarter, compared to analysts’ expectations of $50.64 million. Natera’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 company posted ($0.40) earnings per share. Equities analysts forecast that Natera Inc. will post ($1.73) EPS for the current fiscal year.
In other Natera news, Director Roelof Botha purchased 837,521 shares of the stock in a transaction on Sunday, June 19th. The stock was acquired at an average price of $11.94 per share, with a total value of $10,000,000.74. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Matthew Rabinowitz sold 104,892 shares of the company’s stock in a transaction that occurred on Friday, July 1st. The shares were sold at an average price of $12.14, for a total value of $1,273,388.88. Following the transaction, the chief executive officer now directly owns 2,167,354 shares of the company’s stock, valued at approximately $26,311,677.56. The disclosure for this sale can be found here.
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