Natera Inc. (NTRA) Sees Strong Trading Volume
Natera Inc. (NASDAQ:NTRA) shares saw unusually-strong trading volume on Wednesday . Approximately 262,234 shares were traded during mid-day trading, an increase of 42% from the previous session’s volume of 185,206 shares.The stock last traded at $10.38 and had previously closed at $10.70.
A number of equities research analysts recently issued reports on NTRA shares. Benchmark Co. started coverage on Natera in a research report on Tuesday, April 19th. They issued a “buy” rating and a $14.00 target price on the stock. Morgan Stanley reissued a “buy” rating on shares of Natera in a research report on Tuesday, May 24th. Finally, Cowen and Company reissued an “outperform” rating and issued a $17.00 target price on shares of Natera in a research report on Friday, June 3rd. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $17.14.
The firm has a 50-day moving average of $12.29 and a 200-day moving average of $10.48. The company’s market cap is $540.59 million.
Natera (NASDAQ:NTRA) last released its quarterly earnings results on Thursday, August 4th. The company reported ($0.46) EPS for the quarter, beating analysts’ consensus estimates of ($0.48) by $0.02. The company earned $52 million during the quarter, compared to the consensus estimate of $50.64 million. The company’s quarterly revenue was up 15.3% on a year-over-year basis. During the same quarter last year, the firm posted ($0.40) EPS. On average, equities research analysts forecast that Natera Inc. will post ($1.73) earnings per share for the current fiscal year.
In other Natera news, Director Roelof Botha bought 837,521 shares of the business’s stock in a transaction that occurred on Sunday, June 19th. The shares were bought at an average price of $11.94 per share, for a total transaction of $10,000,000.74. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CEO Matthew Rabinowitz sold 104,892 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now owns 2,167,354 shares in the company, valued at approximately $26,311,677.56. The disclosure for this sale can be found here.
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