Nuvectra Corp. (NVTR) Given Average Recommendation of “Buy” by Brokerages

Shares of Nuvectra Corp. (NASDAQ:NVTR) have earned a consensus broker rating score of 2.00 (Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company.

Brokerages have set a 12 month consensus price target of $11.00 for the company and are expecting that the company will post ($0.88) EPS for the current quarter, according to Zacks. Zacks has also assigned Nuvectra Corp. an industry rank of 105 out of 265 based on the ratings given to related companies.

A number of equities analysts recently issued reports on NVTR shares. Piper Jaffray Cos. reissued a “neutral” rating and issued a $10.00 price objective (down from $12.00) on shares of Nuvectra Corp. in a report on Saturday, August 13th. B. Riley initiated coverage on Nuvectra Corp. in a research note on Thursday, September 15th. They set a “buy” rating and a $12.00 price target for the company.

Nuvectra Corp. (NASDAQ:NVTR) opened at 6.33 on Friday. The firm’s market capitalization is $65.05 million. Nuvectra Corp. has a 12-month low of $4.02 and a 12-month high of $11.64. The stock has a 50 day moving average price of $6.69 and a 200-day moving average price of $7.35.

Nuvectra Corp. (NASDAQ:NVTR) last issued its quarterly earnings data on Wednesday, August 10th. The company reported ($0.85) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.13) by $0.28. The business earned $2.50 million during the quarter, compared to the consensus estimate of $2.40 million. Nuvectra Corp.’s revenue for the quarter was up 66.7% on a year-over-year basis. On average, equities research analysts forecast that Nuvectra Corp. will post ($3.37) EPS for the current year.

A hedge fund recently bought a new stake in Nuvectra Corp. stock. FNY Managed Accounts LLC purchased a new position in shares of Nuvectra Corp. (NASDAQ:NVTR) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 56,178 shares of the company’s stock, valued at approximately $389,000. FNY Managed Accounts LLC owned approximately 0.55% of Nuvectra Corp. as of its most recent SEC filing. 64.49% of the stock is currently owned by hedge funds and other institutional investors.

About Nuvectra Corp.

Nuvectra Corporation, formerly QIG Group, LLC, is a neurostimulation company. The Company is focused on the development and commercialization of a neurostimulation technology platform, which is used for the treatment of various disorders through stimulation of tissues associated with the nervous system.

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