Natera Inc. (NTRA) Sees Unusually-High Trading Volume
Shares of Natera Inc. (NASDAQ:NTRA) saw an uptick in trading volume on Monday . 222,173 shares changed hands during trading, an increase of 24% from the previous session’s volume of 179,519 shares.The stock last traded at $11.58 and had previously closed at $12.22.
Several research firms recently issued reports on NTRA. Morgan Stanley set a $20.00 target price on Natera and gave the stock a “buy” rating in a report on Friday. Cowen and Company reiterated an “outperform” rating and set a $17.00 target price on shares of Natera in a report on Friday, June 3rd. Finally, Benchmark Co. upped their target price on Natera from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Monday, May 23rd. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $17.14.
The firm has a 50-day moving average price of $12.56 and a 200 day moving average price of $10.40. The firm’s market cap is $588.52 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 firm had revenue of $52 million for the quarter, compared to analysts’ expectations of $50.64 million. The firm’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same quarter last year, the firm earned ($0.40) earnings per share. On average, analysts forecast that Natera Inc. will post ($1.73) EPS for the current year.
In other news, CEO Matthew Rabinowitz sold 104,892 shares of the business’s stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 2,167,354 shares in the company, valued at approximately $26,311,677.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Jonathan Sheena sold 188,442 shares of the business’s stock in a transaction 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 owns 598,420 shares of the company’s stock, valued at $7,145,134.80. The disclosure for this sale can be found here.
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