Natera Inc. (NTRA) Shares Up 2.8%
Shares of Natera Inc. (NASDAQ:NTRA) shot up 2.8% during mid-day trading on Friday . The stock traded as high as $12.46 and last traded at $12.39, with a volume of 63,742 shares trading hands. The stock had previously closed at $12.05.
Several brokerages have issued reports on NTRA. Morgan Stanley restated a “buy” rating on shares of Natera in a research note on Thursday, May 12th. Benchmark Co. upped their target price 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 set a $17.00 target price on shares of Natera in a report on Friday, June 3rd. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $17.14.
The firm’s market capitalization is $639.16 million. The stock has a 50-day moving average price of $12.27 and a 200 day moving average price of $10.03.
Natera (NASDAQ:NTRA) last issued its quarterly earnings results on Tuesday, May 10th. The company reported ($0.17) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.46) by $0.29. During the same period in the prior year, the business posted ($1.89) earnings per share. The business earned $61.90 million during the quarter, compared to analyst estimates of $48.17 million. The company’s revenue for the quarter was up 30.5% compared to the same quarter last year. On average, equities research analysts anticipate that Natera Inc. will post ($1.69) earnings per share for the current fiscal year.
In other news, 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 sale, the chief executive officer now directly owns 2,876,595 shares of the company’s stock, valued at $34,346,544.30. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CTO Jonathan Sheena sold 188,442 shares of the firm’s stock in a transaction dated Sunday, June 19th. The shares were 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 directly owns 598,420 shares in the company, valued at $7,145,134.80. The disclosure for this sale can be found here.
An institutional investor recently raised its position in Natera stock. Tekla Capital Management LLC raised its stake in shares of Natera Inc. (NASDAQ:NTRA) by 8.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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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