Natera Inc. (NTRA) Sees Strong Trading Volume
Natera Inc. (NASDAQ:NTRA) shares saw an uptick in trading volume on Wednesday . 262,234 shares were traded during 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.
Several brokerages recently issued reports on NTRA. Morgan Stanley set a $20.00 price objective on Natera and gave the stock a “buy” rating in a research report on Friday, August 5th. Cowen and Company reiterated an “outperform” rating and issued a $17.00 price target on shares of Natera in a report on Friday, June 3rd. Finally, Benchmark Co. boosted their price target on Natera from $15.00 to $16.00 and gave the company a “buy” rating in a report on Monday, May 23rd. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Natera currently has an average rating of “Buy” and a consensus target price of $17.14.
The firm’s 50-day moving average is $12.18 and its 200 day moving average is $10.48. The firm’s market capitalization is $499.69 million.
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, beating the consensus estimate 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 revenue was up 15.3% on a year-over-year basis. During the same quarter last year, the business earned ($0.40) earnings per share. Analysts anticipate that Natera Inc. will post ($1.73) earnings per share for the current fiscal year.
In related news, CTO Jonathan Sheena sold 188,442 shares of the firm’s stock in a transaction that occurred on Sunday, June 19th. The shares were sold at an average price of $11.94, for a total transaction of $2,249,997.48. Following the completion of the sale, the chief technology officer now directly owns 598,420 shares in the company, valued at $7,145,134.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Roelof Botha bought 837,521 shares of Natera stock in a transaction that occurred on Sunday, June 19th. The shares were acquired at an average price of $11.94 per share, with a total value of $10,000,000.74. The disclosure for this purchase can be found here.
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