Natera Inc. (NTRA) Sees Significant Decline in Short Interest
Natera Inc. (NASDAQ:NTRA) saw a large decrease in short interest in the month of September. As of September 15th, there was short interest totalling 1,989,323 shares, a decrease of 26.1% from the August 31st total of 2,690,401 shares. Currently, 8.7% of the company’s shares are short sold. Based on an average daily trading volume, of 146,612 shares, the short-interest ratio is presently 13.6 days.
Shares of Natera (NASDAQ:NTRA) opened at 10.65 on Friday. Natera has a 1-year low of $6.52 and a 1-year high of $13.80. The firm has a 50-day moving average price of $10.31 and a 200-day moving average price of $11.00. The stock’s market cap is $551.47 million.
Natera (NASDAQ:NTRA) last posted its quarterly earnings data on Thursday, August 4th. The company reported ($0.46) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.48) by $0.02. The business earned $52 million during the quarter, compared to analysts’ expectations of $50.64 million. Natera had a negative return on equity of 39.38% and a negative net margin of 34.23%. The business’s revenue was up 15.3% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.40) earnings per share. Equities analysts forecast that Natera will post ($1.73) EPS for the current year.
Several hedge funds have recently bought and sold shares of the stock. Murphy Michael R raised its stake in shares of Natera by 2.8% in the second quarter. Murphy Michael R now owns 1,729,013 shares of the company’s stock worth $20,861,000 after buying an additional 46,591 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Natera by 16.5% in the second quarter. Vanguard Group Inc. now owns 1,636,821 shares of the company’s stock worth $19,748,000 after buying an additional 231,758 shares in the last quarter. Contrarius Investment Management Ltd raised its stake in shares of Natera by 3.7% in the first quarter. Contrarius Investment Management Ltd now owns 837,477 shares of the company’s stock worth $7,973,000 after buying an additional 29,663 shares in the last quarter. EverPoint Asset Management LLC purchased a new stake in shares of Natera during the second quarter worth about $9,652,000. Finally, BlackRock Fund Advisors raised its stake in shares of Natera by 163.6% in the second quarter. BlackRock Fund Advisors now owns 618,272 shares of the company’s stock worth $7,459,000 after buying an additional 383,757 shares in the last quarter. Institutional investors and hedge funds own 63.00% of the company’s stock.
NTRA has been the topic of several recent research reports. Morgan Stanley set a $20.00 price target on Natera and gave the company a “buy” rating in a report on Friday, August 5th. TheStreet lowered Natera from a “hold” rating to a “sell” rating in a report on Friday, September 9th. Finally, Cowen and Company restated an “outperform” rating and set a $17.00 price target on shares of Natera in a report on Friday, June 3rd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $16.67.
Natera Company Profile
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