Natera, Inc. (NASDAQ:NTRA) Stock Rating Lowered by Zacks Investment Research
Zacks Investment Research downgraded shares of Natera, Inc. (NASDAQ:NTRA) from a hold rating to a sell rating in a report published on Wednesday morning.
According to Zacks, “Natera, Inc. offers genetic testing and diagnostics with proprietary bioinformatics and molecular technology. Natera, Inc. is headquartered in San Carlos, California. “
A number of other research analysts have also commented on NTRA. Cowen and Company lowered their price objective on shares of Natera from $17.00 to $14.00 and set an outperform rating on the stock in a research note on Tuesday, March 14th. Canaccord Genuity raised their price objective on shares of Natera from $14.00 to $16.00 and gave the company a buy rating in a research note on Wednesday, May 10th. Two research analysts have rated the stock with a sell rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $16.20.
Shares of Natera (NASDAQ:NTRA) opened at 10.86 on Wednesday. The company has a 50 day moving average price of $10.57 and a 200-day moving average price of $9.86. Natera has a 12-month low of $7.35 and a 12-month high of $13.40. The firm’s market cap is $574.30 million.
Natera (NASDAQ:NTRA) last posted its quarterly earnings data on Tuesday, May 9th. The medical research company reported ($0.70) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.61) by $0.09. Natera had a negative net margin of 60.89% and a negative return on equity of 101.63%. The company had revenue of $46.90 million for the quarter, compared to analyst estimates of $42.82 million. During the same quarter in the prior year, the business earned ($0.17) EPS. Natera’s revenue was down 24.2% compared to the same quarter last year. Analysts expect that Natera will post ($1.97) EPS for the current year.
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Several hedge funds and other institutional investors have recently bought and sold shares of the stock. GSA Capital Partners LLP bought a new position in Natera during the fourth quarter worth approximately $121,000. Russell Investments Group Ltd. bought a new position in Natera during the fourth quarter worth approximately $130,000. American International Group Inc. raised its position in Natera by 7.1% in the first quarter. American International Group Inc. now owns 16,065 shares of the medical research company’s stock worth $142,000 after buying an additional 1,068 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in Natera by 1.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 16,118 shares of the medical research company’s stock worth $143,000 after buying an additional 194 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in Natera by 45.3% in the first quarter. Goldman Sachs Group Inc. now owns 17,386 shares of the medical research company’s stock worth $154,000 after buying an additional 5,417 shares in the last quarter. Institutional investors and hedge funds own 59.56% of the company’s stock.
Natera Company Profile
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