Natera (NTRA) Announces Earnings Results

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Natera (NASDAQ:NTRA) announced its quarterly earnings data on Thursday. The medical research company reported ($0.49) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.46) by ($0.03), Briefing.com reports. The firm had revenue of $65.30 million for the quarter, compared to analyst estimates of $66.42 million. Natera had a negative return on equity of 752.93% and a negative net margin of 59.07%. The company’s quarterly revenue was up 16.8% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.51) earnings per share. Natera updated its FY 2018 guidance to EPS.

Shares of NTRA stock traded down $3.83 on Friday, reaching $16.80. The company had a trading volume of 4,391,474 shares, compared to its average volume of 457,138. The stock has a market capitalization of $1.30 billion, a P/E ratio of -7.00 and a beta of 2.11. Natera has a one year low of $8.60 and a one year high of $29.62.

A number of equities research analysts have issued reports on NTRA shares. JPMorgan Chase & Co. started coverage on shares of Natera in a research note on Friday, October 5th. They set a “neutral” rating and a $26.00 price objective on the stock. Morgan Stanley increased their price objective on shares of Natera from $21.00 to $41.00 and gave the stock an “overweight” rating in a research note on Friday, September 28th. Canaccord Genuity increased their price objective on shares of Natera from $25.00 to $29.00 and gave the stock a “buy” rating in a research note on Thursday, August 16th. BidaskClub downgraded shares of Natera from a “buy” rating to a “hold” rating in a research note on Tuesday, September 11th. Finally, Zacks Investment Research upgraded shares of Natera from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research note on Tuesday, July 17th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $28.25.

In other news, COO Steven Leonard Chapman sold 45,000 shares of the stock in a transaction dated Tuesday, September 11th. The shares were sold at an average price of $25.16, for a total value of $1,132,200.00. Following the completion of the transaction, the chief operating officer now owns 16,628 shares of the company’s stock, valued at $418,360.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jonathan Sheena sold 166,667 shares of the stock in a transaction dated Tuesday, October 16th. The stock was sold at an average price of $20.66, for a total transaction of $3,443,340.22. Following the completion of the transaction, the insider now directly owns 372,583 shares of the company’s stock, valued at approximately $7,697,564.78. The disclosure for this sale can be found here. Insiders sold 2,014,988 shares of company stock valued at $48,674,710 in the last three months. Company insiders own 13.18% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Prescott Group Capital Management L.L.C. raised its holdings in Natera by 309.3% in the 3rd quarter. Prescott Group Capital Management L.L.C. now owns 124,428 shares of the medical research company’s stock valued at $2,979,000 after buying an additional 94,028 shares during the last quarter. Harvard Management Co. Inc. bought a new position in Natera in the 3rd quarter valued at approximately $15,297,000. FMR LLC bought a new position in Natera in the 3rd quarter valued at approximately $59,599,000. BlackRock Inc. raised its holdings in Natera by 33.5% in the 3rd quarter. BlackRock Inc. now owns 2,785,208 shares of the medical research company’s stock valued at $66,679,000 after buying an additional 698,379 shares during the last quarter. Finally, Alliancebernstein L.P. raised its holdings in Natera by 7.3% in the 3rd quarter. Alliancebernstein L.P. now owns 41,000 shares of the medical research company’s stock valued at $982,000 after buying an additional 2,800 shares during the last quarter. 67.46% of the stock is owned by hedge funds and other institutional investors.

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About Natera

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.

Read More: What Factors Can Affect Return on Equity?

Earnings History for Natera (NASDAQ:NTRA)

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