Natera (NTRA) Issues Quarterly Earnings Results

Natera (NASDAQ:NTRA) released its earnings results on Thursday. The medical research company reported ($0.49) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.46) by ($0.03), Briefing.com reports. Natera had a negative return on equity of 752.93% and a negative net margin of 59.07%. The business had revenue of $65.30 million for the quarter, compared to analyst estimates of $66.42 million. During the same quarter in the previous year, the firm posted ($0.51) EPS. The business’s revenue for the quarter was up 16.8% on a year-over-year basis. Natera updated its FY 2018 guidance to EPS.

NASDAQ NTRA traded down $3.83 on Friday, hitting $16.80. 4,391,474 shares of the company’s stock were exchanged, compared to its average volume of 457,138. Natera has a fifty-two week low of $8.60 and a fifty-two week high of $29.62. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of -7.00 and a beta of 2.11.

In related news, CEO Matthew Rabinowitz sold 185,163 shares of the company’s stock in a transaction that occurred on Tuesday, September 11th. The stock was sold at an average price of $25.13, for a total value of $4,653,146.19. Following the sale, the chief executive officer now owns 1,701,686 shares in the company, valued at approximately $42,763,369.18. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Steven Leonard Chapman sold 45,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 11th. The stock was sold at an average price of $25.16, for a total value of $1,132,200.00. Following the completion of the sale, the chief operating officer now owns 16,628 shares in the company, valued at approximately $418,360.48. The disclosure for this sale can be found here. Insiders have sold a total of 2,014,988 shares of company stock worth $48,674,710 in the last quarter. 13.18% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jennison Associates LLC grew its holdings in shares of Natera by 39.1% in the 3rd quarter. Jennison Associates LLC now owns 3,641,848 shares of the medical research company’s stock worth $87,186,000 after acquiring an additional 1,024,225 shares during the period. BlackRock Inc. grew its holdings in shares of Natera by 33.5% in the 3rd quarter. BlackRock Inc. now owns 2,785,208 shares of the medical research company’s stock worth $66,679,000 after acquiring an additional 698,379 shares during the period. FMR LLC acquired a new stake in shares of Natera in the 3rd quarter worth approximately $59,599,000. Fred Alger Management Inc. acquired a new stake in shares of Natera in the 2nd quarter worth approximately $33,271,000. Finally, Macquarie Group Ltd. grew its holdings in shares of Natera by 9.0% in the 2nd quarter. Macquarie Group Ltd. now owns 1,714,886 shares of the medical research company’s stock worth $32,274,000 after acquiring an additional 141,278 shares during the period. Institutional investors and hedge funds own 67.46% of the company’s stock.

Several equities analysts have issued reports on NTRA shares. Piper Jaffray Companies boosted their target price on Natera to $27.00 and gave the stock an “overweight” rating in a research report on Thursday, August 9th. Canaccord Genuity boosted their target price on Natera from $25.00 to $29.00 and gave the stock a “buy” rating in a research report on Thursday, August 16th. TheStreet upgraded Natera from a “d” rating to a “c-” rating in a research report on Thursday, August 9th. BidaskClub upgraded Natera from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 17th. Finally, Zacks Investment Research cut Natera from a “hold” rating to a “sell” rating in a research report on Wednesday, October 10th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $28.25.

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Natera Company Profile

Natera, Inc, a diagnostics company, provides preconception and prenatal genetic testing services. It primarily offers Panorama, a non-invasive prenatal test that screens for chromosomal abnormalities of a fetus with a blood draw from the mother; Vistara, a single-gene mutations screening test to identify single-gene disorder; Horizon carrier screening to determine carrier status for various genetic diseases that could be passed on to the carrier's children; and Spectrum pre-implantation genetic screening and Spectrum pre-implantation genetic diagnosis to analyze chromosomal anomalies or inherited genetic conditions during an in vitro fertilization cycle.

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Earnings History for Natera (NASDAQ:NTRA)

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