InVitae Corp (NYSE:NVTA) CFO Shelly D. Guyer sold 24,447 shares of InVitae stock in a transaction on Monday, August 19th. The stock was sold at an average price of $25.38, for a total value of $620,464.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of InVitae stock traded up $0.69 on Wednesday, reaching $26.45. The company’s stock had a trading volume of 3,174,525 shares, compared to its average volume of 1,863,986. The company has a quick ratio of 7.18, a current ratio of 7.18 and a debt-to-equity ratio of 0.36. InVitae Corp has a 52 week low of $9.04 and a 52 week high of $28.75. The company has a market capitalization of $2.40 billion, a price-to-earnings ratio of -13.63 and a beta of 2.53. The firm’s fifty day simple moving average is $24.83 and its two-hundred day simple moving average is $21.71.

InVitae (NYSE:NVTA) last issued its quarterly earnings data on Tuesday, August 6th. The medical research company reported ($0.54) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.48) by ($0.06). InVitae had a negative return on equity of 58.48% and a negative net margin of 83.69%. The firm had revenue of $53.48 million during the quarter, compared to the consensus estimate of $50.17 million. During the same period in the previous year, the firm earned ($0.47) EPS. The business’s revenue was up 43.3% on a year-over-year basis. As a group, research analysts predict that InVitae Corp will post -2.11 EPS for the current year.

Several institutional investors and hedge funds have recently modified their holdings of NVTA. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of InVitae by 385.7% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 5,317,840 shares of the medical research company’s stock worth $124,969,000 after acquiring an additional 4,222,987 shares during the period. Nikko Asset Management Americas Inc. grew its holdings in InVitae by 378.1% during the second quarter. Nikko Asset Management Americas Inc. now owns 5,332,788 shares of the medical research company’s stock valued at $125,321,000 after purchasing an additional 4,217,463 shares during the period. Victory Capital Management Inc. grew its holdings in InVitae by 1,032.7% during the first quarter. Victory Capital Management Inc. now owns 1,196,935 shares of the medical research company’s stock valued at $28,033,000 after purchasing an additional 1,091,260 shares during the period. BlackRock Inc. grew its holdings in InVitae by 19.3% during the second quarter. BlackRock Inc. now owns 6,397,193 shares of the medical research company’s stock valued at $150,335,000 after purchasing an additional 1,037,130 shares during the period. Finally, Nuveen Asset Management LLC bought a new stake in InVitae during the second quarter valued at about $23,901,000. 87.51% of the stock is owned by institutional investors.

A number of analysts have commented on NVTA shares. Chardan Capital reissued a “buy” rating and issued a $30.00 target price on shares of InVitae in a report on Tuesday, June 11th. Benchmark reissued a “buy” rating and issued a $28.00 target price (up previously from $26.00) on shares of InVitae in a report on Wednesday, August 7th. Oppenheimer set a $34.00 target price on InVitae and gave the stock a “buy” rating in a report on Wednesday, August 7th. Zacks Investment Research lowered InVitae from a “buy” rating to a “hold” rating in a report on Friday, April 26th. Finally, Leerink Swann set a $31.00 target price on InVitae and gave the stock a “buy” rating in a report on Wednesday, August 7th. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $28.17.

InVitae Company Profile

Invitae Corporation, a genetic information company, processes DNA-containing samples, analyzes information related to patient-specific genetic variation, and generates test reports for clinicians and their patients in the United States, Canada, and internationally. Its tests include genes associated with hereditary cancer, neurological disorders, cardiovascular disorders, pediatric disorders, metabolic disorders, and other hereditary conditions; and screening and testing services in reproductive health, including preimplantation and carrier screening for inherited disorders, prenatal diagnosis, miscarriage analysis, and pediatric developmental disorders.

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