Natera (NASDAQ:NTRA) announced its quarterly earnings results on Thursday. The medical research company reported ($0.49) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.46) by ($0.03), Briefing.com reports. Natera had a negative net margin of 59.07% and a negative return on equity of 752.93%. The firm had revenue of $65.30 million during the quarter, compared to analyst estimates of $66.42 million. During the same period last year, the firm earned ($0.51) EPS. Natera’s quarterly revenue was up 16.8% on a year-over-year basis. Natera updated its FY 2018 guidance to EPS.
Shares of NTRA stock traded down $3.83 on Friday, hitting $16.80. The stock had a trading volume of 4,391,474 shares, compared to its average volume of 457,138. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of -7.00 and a beta of 2.11. Natera has a twelve month low of $8.60 and a twelve month high of $29.62.
In related news, insider Jonathan Sheena sold 166,667 shares of the company’s stock in a transaction on Friday, September 14th. The shares were sold at an average price of $24.27, for a total value of $4,045,008.09. Following the completion of the transaction, the insider now directly owns 481,975 shares of the company’s stock, valued at approximately $11,697,533.25. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Steven Leonard Chapman sold 35,000 shares of the company’s stock in a transaction on Friday, October 12th. The stock was sold at an average price of $20.66, for a total transaction of $723,100.00. Following the completion of the transaction, the chief operating officer now directly owns 24,240 shares of the company’s stock, valued at $500,798.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,014,988 shares of company stock valued at $48,674,710. Company insiders own 13.18% of the company’s stock.
Several brokerages have recently issued reports on NTRA. Piper Jaffray Companies boosted their price target on shares of Natera to $27.00 and gave the company an “overweight” rating in a report on Thursday, August 9th. Cowen reissued a “buy” rating and issued a $30.00 price target on shares of Natera in a report on Friday. BidaskClub lowered shares of Natera from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 30th. Zacks Investment Research lowered shares of Natera from a “hold” rating to a “sell” rating in a report on Wednesday, October 10th. Finally, TheStreet lowered shares of Natera from a “c-” rating to a “d+” rating in a report on Tuesday, October 9th. One 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 stock. The stock 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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