Published On: Sat, Sep 10th, 2016

Natera Inc. (NTRA) Shares Down 4.6%

Natera Inc. (NASDAQ:NTRA) fell 4.6% during trading on Friday . The company traded as low as $10.00 and last traded at $10.10, with a volume of 58,662 shares traded. The stock had previously closed at $10.59.
A number of research firms recently commented on NTRA. Morgan Stanley reiterated a “buy” rating on shares of Natera in a research report on Tuesday, May 24th. Benchmark Co. boosted their target price on Natera from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Monday, May 23rd. Finally, Cowen and Company reiterated an “outperform” rating and issued a $17.00 target price on shares of Natera in a research report on Friday, June 3rd. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Natera currently has an average rating of “Buy” and an average price target of $17.14.
The company’s market cap is $517.81 million. The stock’s 50 day moving average price is $11.23 and its 200 day moving average price is $10.77.

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Natera (NASDAQ:NTRA) last announced its quarterly earnings results on Thursday, August 4th. The company reported ($0.46) earnings per share for the quarter, topping the consensus estimate of ($0.48) by $0.02. The company had revenue of $52 million for the quarter, compared to the consensus estimate of $50.64 million. Natera had a negative return on equity of 39.38% and a negative net margin of 34.23%. The firm’s revenue for the quarter was up 15.3% compared to the same quarter last year. During the same period last year, the firm earned ($0.40) EPS. Analysts predict that Natera Inc. will post ($1.73) EPS for the current year.
In other news, CEO Matthew Rabinowitz sold 732,831 shares of the firm’s stock in a transaction dated Sunday, June 19th. The stock was sold at an average price of $11.94, for a total transaction of $8,750,002.14. Following the sale, the chief executive officer now directly owns 2,876,595 shares in the company, valued at approximately $34,346,544.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Jonathan Sheena sold 188,442 shares of the firm’s stock in a transaction dated Sunday, June 19th. The shares were sold at an average price of $11.94, for a total value of $2,249,997.48. Following the sale, the chief technology officer now owns 598,420 shares in the company, valued at $7,145,134.80. The disclosure for this sale can be found here. Company insiders own 18.91% of the company’s stock.

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