Natera Inc. (NTRA) Shares Down 11.1%
Natera Inc. (NASDAQ:NTRA) dropped 11.1% on Friday . The stock traded as low as $11.03 and last traded at $11.65, with a volume of 250,528 shares. The stock had previously closed at $13.10.
NTRA has been the topic of several recent research reports. Morgan Stanley reaffirmed a “buy” rating on shares of Natera in a research note on Tuesday, May 24th. Benchmark Co. upped their target price on shares of Natera from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Monday, May 23rd. Finally, Cowen and Company reaffirmed an “outperform” rating and set a $17.00 target price on shares of Natera in a research note on Friday, June 3rd. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $17.14.
The stock’s market cap is $626.35 million. The company’s 50 day moving average price is $12.56 and its 200 day moving average price is $10.36.
Natera (NASDAQ:NTRA) last released its earnings results on Thursday, August 4th. The company reported ($0.46) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.48) by $0.02. The company earned $52 million during the quarter, compared to analyst estimates of $50.64 million. During the same period in the prior year, the business posted ($0.40) earnings per share. Natera’s revenue was up 15.3% on a year-over-year basis. On average, analysts anticipate that Natera Inc. will post ($1.73) earnings per share for the current year.
In other Natera news, CTO Jonathan Sheena sold 188,442 shares of Natera 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 transaction, the chief technology officer now directly 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 at this link. Also, CEO Matthew Rabinowitz sold 104,892 shares of Natera stock in a transaction that occurred on Friday, July 1st. The shares were sold at an average price of $12.14, for a total transaction of $1,273,388.88. Following the transaction, the chief executive officer now directly owns 2,167,354 shares in the company, valued at $26,311,677.56. The disclosure for this sale can be found here.