Natera, Inc. (NTRA) Downgraded by Zacks Investment Research

Zacks Investment Research downgraded shares of Natera, Inc. (NASDAQ:NTRA) from a buy rating to a hold rating in a research report released on Thursday 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 the company. Robert W. Baird reiterated a buy rating on shares of Natera in a research report on Tuesday, October 24th. Morgan Stanley reiterated an overweight rating and issued a $16.00 price objective (up from $13.00) on shares of Natera in a research report on Friday, October 6th. Cowen and Company reiterated a buy rating and issued a $14.00 price objective on shares of Natera in a research report on Friday, September 1st. BidaskClub upgraded Natera from a sell rating to a hold rating in a research report on Wednesday, August 23rd. Finally, ValuEngine upgraded Natera from a strong sell rating to a sell rating in a research report on Thursday, August 10th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. Natera currently has an average rating of Hold and an average target price of $16.20.

Shares of Natera (NTRA) traded up 0.18% during mid-day trading on Thursday, hitting $11.14. The stock had a trading volume of 141,349 shares. Natera has a 12-month low of $7.35 and a 12-month high of $14.76. The stock’s market cap is $592.90 million. The firm’s 50-day moving average price is $12.89 and its 200 day moving average price is $12.89.

Natera (NASDAQ:NTRA) last announced its quarterly earnings data on Tuesday, August 8th. The medical research company reported ($0.52) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.52). The firm had revenue of $53.60 million for the quarter, compared to analyst estimates of $50.57 million. Natera had a negative return on equity of 137.46% and a negative net margin of 62.64%. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period last year, the company earned ($0.46) EPS. Equities analysts forecast that Natera will post ($2.08) EPS for the current fiscal year.

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In other Natera news, insider Jonathan Sheena sold 120,000 shares of Natera stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $12.54, for a total transaction of $1,504,800.00. Following the transaction, the insider now directly owns 533,208 shares in the company, valued at $6,686,428.32. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 12.57% of the company’s stock.

A number of hedge funds have recently bought and sold shares of NTRA. Virtu KCG Holdings LLC bought a new position in Natera during the second quarter worth about $126,000. American International Group Inc. lifted its holdings in Natera by 7.1% during the first quarter. American International Group Inc. now owns 16,065 shares of the medical research company’s stock worth $142,000 after acquiring an additional 1,068 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Natera by 1.2% during the first quarter. Massachusetts Financial Services Co. MA now owns 16,118 shares of the medical research company’s stock worth $143,000 after acquiring an additional 194 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. bought a new position in Natera during the second quarter worth about $151,000. Finally, Goldman Sachs Group Inc. lifted its holdings in Natera by 45.3% during the first quarter. Goldman Sachs Group Inc. now owns 17,386 shares of the medical research company’s stock worth $154,000 after acquiring an additional 5,417 shares in the last quarter. Hedge funds and other institutional investors own 59.74% of the company’s stock.

Natera Company Profile

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