Natera Inc. (NTRA) Shares Down 4.6%
Natera Inc. (NASDAQ:NTRA) was down 4.6% during trading on Wednesday . The stock traded as low as $11.95 and last traded at $12.11, with a volume of 101,132 shares trading hands. The stock had previously closed at $12.70.
A number of research analysts recently issued reports on the company. Benchmark Co. assumed coverage on Natera in a research note on Tuesday, April 19th. They set a “buy” rating and a $14.00 price objective for the company. Cowen and Company reiterated an “outperform” rating and set a $17.00 price objective on shares of Natera in a research note on Friday, June 3rd. Finally, Morgan Stanley reiterated a “buy” rating on shares of Natera in a research note on Thursday, May 12th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Natera has a consensus rating of “Buy” and a consensus target price of $17.14.
The firm’s market capitalization is $622.76 million. The firm has a 50-day moving average of $12.33 and a 200-day moving average of $9.99.
Natera (NASDAQ:NTRA) last issued its quarterly earnings results on Tuesday, May 10th. The company reported ($0.17) earnings per share for the quarter, topping the consensus estimate of ($0.46) by $0.29. The business earned $61.90 million during the quarter, compared to analyst estimates of $48.17 million. During the same period in the prior year, the business posted ($1.89) EPS. Natera’s revenue was up 30.5% compared to the same quarter last year. Analysts anticipate that Natera Inc. will post ($1.66) earnings per share for the current fiscal year.
In other Natera news, CTO Jonathan Sheena sold 188,442 shares of the firm’s stock in a transaction dated Sunday, June 19th. The stock was sold at an average price of $11.94, for a total value of $2,249,997.48. Following the completion of the sale, the chief technology officer now owns 598,420 shares of the company’s stock, valued at $7,145,134.80. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Matthew Rabinowitz sold 732,831 shares of the firm’s stock in a transaction dated Sunday, June 19th. The stock was sold at an average price of $11.94, for a total value of $8,750,002.14. Following the completion of the sale, the chief executive officer now directly owns 2,876,595 shares of the company’s stock, valued at approximately $34,346,544.30. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in Natera stock. Tekla Capital Management LLC boosted its stake in Natera Inc. (NASDAQ:NTRA) by 8.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 882,358 shares of the company’s stock after buying an additional 68,058 shares during the period. Tekla Capital Management LLC owned 1.76% of Natera worth $9,529,000 as of its most recent SEC filing.
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