Natera Inc. (NTRA) Trading Up 5%
Natera Inc. (NASDAQ:NTRA)’s share price was up 5% during trading on Tuesday . The company traded as high as $10.15 and last traded at $10.01, with a volume of 195,269 shares. The stock had previously closed at $9.53.
A number of equities analysts have commented on NTRA shares. Morgan Stanley reissued a “buy” rating on shares of Natera in a research note on Tuesday, May 24th. Benchmark Co. upped their price target on Natera from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Monday, May 23rd. Finally, Cowen and Company reaffirmed an “outperform” rating and set a $17.00 price target 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 assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $17.14.
The firm’s 50-day moving average is $12.03 and its 200-day moving average is $10.55. The company’s market cap is $519.88 million.
Natera (NASDAQ:NTRA) last announced its quarterly earnings data on Thursday, August 4th. The company reported ($0.46) earnings per share for the quarter, beating 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 firm earned ($0.40) earnings per share. Natera’s revenue was up 15.3% on a year-over-year basis. On average, equities research analysts expect that Natera Inc. will post ($1.73) EPS for the current fiscal year.
In other Natera news, CEO Matthew Rabinowitz sold 732,831 shares of Natera stock in a transaction on 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 transaction, the chief executive officer now directly owns 2,876,595 shares of the company’s stock, valued at approximately $34,346,544.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Jonathan Sheena sold 188,442 shares of Natera stock in a transaction on 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 transaction, the chief technology officer now directly 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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