Natera Inc. (NASDAQ:NTRA) was the target of a large drop in short interest in September. As of September 15th, there was short interest totalling 1,989,323 shares, a drop of 26.1% from the August 31st total of 2,690,401 shares. Approximately 8.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 146,612 shares, the days-to-cover ratio is presently 13.6 days.
NTRA has been the subject of several research analyst reports. Morgan Stanley set a $20.00 price target on Natera and gave the company a “buy” rating in a report on Friday, August 5th. TheStreet cut Natera from a “hold” rating to a “sell” rating in a report on Friday, September 9th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $16.67.
Several institutional investors have recently added to or reduced their stakes in the company. Oxford Asset Management bought a new position in Natera during the second quarter worth about $638,000. Murphy Michael R acquired a new stake in shares of Natera during the first quarter worth $16,017,000. Bank of New York Mellon Corp raised its stake in shares of Natera by 994.7% in the second quarter. Bank of New York Mellon Corp now owns 480,900 shares of the company’s stock worth $5,802,000 after buying an additional 436,970 shares in the last quarter. Strs Ohio raised its stake in shares of Natera by 10.8% in the second quarter. Strs Ohio now owns 25,600 shares of the company’s stock worth $308,000 after buying an additional 2,500 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Natera by 26.3% in the first quarter. Geode Capital Management LLC now owns 88,776 shares of the company’s stock worth $845,000 after buying an additional 18,489 shares in the last quarter. 63.00% of the stock is currently owned by hedge funds and other institutional investors.
Natera (NASDAQ:NTRA) opened at 11.45 on Friday. The stock has a 50 day moving average price of $10.38 and a 200-day moving average price of $11.09. Natera has a one year low of $6.52 and a one year high of $13.80. The stock’s market cap is $592.89 million.
Natera (NASDAQ:NTRA) last released its quarterly earnings results on Thursday, August 4th. The company reported ($0.46) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.48) by $0.02. Natera had a negative return on equity of 39.38% and a negative net margin of 34.23%. The firm had revenue of $52 million for the quarter, compared to analyst estimates of $50.64 million. During the same quarter last year, the company posted ($0.40) earnings per share. The business’s revenue was up 15.3% on a year-over-year basis. Equities research analysts expect that Natera will post ($1.73) earnings per share for the current fiscal year.
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