Natera Inc. (NTRA) Issues Earnings Results
Natera Inc. (NASDAQ:NTRA) released its earnings results on Wednesday. The company reported ($0.50) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.55) by $0.05. The business earned $53.89 million during the quarter, compared to the consensus estimate of $48.14 million. Natera had a negative net margin of 34.23% and a negative return on equity of 39.38%. The company’s revenue for the quarter was up 20.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.39) EPS.
Natera (NASDAQ:NTRA) opened at 10.35 on Friday. Natera has a one year low of $6.52 and a one year high of $13.80. The company has a 50 day moving average price of $10.13 and a 200-day moving average price of $11.09. The company’s market capitalization is $535.93 million.
Hedge funds and other institutional investors have recently modified their holdings of the stock. EverPoint Asset Management LLC acquired a new position in shares of Natera during the second quarter worth approximately $9,652,000. Lord Abbett & CO. LLC acquired a new position in shares of Natera during the second quarter worth approximately $6,277,000. Bank of New York Mellon Corp boosted its position in shares of Natera by 994.7% in the second quarter. Bank of New York Mellon Corp now owns 480,900 shares of the company’s stock worth $5,802,000 after buying an additional 436,970 shares during the last quarter. BlackRock Fund Advisors boosted its position 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 during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Natera by 246,355.4% in the second quarter. JPMorgan Chase & Co. now owns 276,030 shares of the company’s stock worth $3,330,000 after buying an additional 275,918 shares during the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.
A number of research firms have issued reports on NTRA. Benchmark Co. increased their price target on Natera from $16.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday. TheStreet cut Natera from a “hold” rating to a “sell” rating in a report on Tuesday, November 1st. Finally, Morgan Stanley set a $20.00 price target on Natera and gave the stock a “buy” rating in a report on Friday, August 5th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $17.33.
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