The Vanguard Group, Inc. has recently announced that it has increased stake in Natera Inc. (NASDAQ:NTRA) by 1.99%. After grabbing 7.82 million shares, the institutional investor is now in possession of 0.15 million shares of the Healthcare Company. The new investment brought the stake of investor firm to 8.01% having worth around $367.23 million. Moreover, Fred Alger Management LLC increased its share by 0.82 million to have a control over 6.84 million shares. And JPMorgan Investment Management, I raised its holdings to 0.13 million shares by acquiring 4.12 million shares or 4.22% of the stake.
Natera Inc. (NTRA) concluded trading on 11/17/22 at a closing price of $35.85, with 3.03 million shares of worth about $108.66 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -8.01% during that period and on Thursday the price saw a loss of about -2.40%. Currently the company’s common shares owned by public are about 97.05M shares, out of which, 93.13M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 224 times over the past 12 months. They bought 1,098,724 shares in 132 of the transactions. In 92 selling transactions, insiders dumped 195,311 shares.
Vanguard Total Stock Market Index, Alger Funds – Small Cap Focus Fun, and Vanguard Small Cap Index Fund are the top 3 mutual funds which are holding stakes in Natera Inc. Vanguard Total Stock Market Index is currently holding 2.6 million shares of worth totaling $122.29 million. The company recently came buying 19817.0 shares which brought its stake up to 2.67% of the company’s outstanding shares. Alger Funds – Small Cap Focus Fun bought 0.19 million shares, after which its hold over company’s outstanding shares expand to 2.54%, leaving 2.48 million shares with the mutual fund that have a worth of about $116.3 million. Vanguard Small Cap Index Fund, after buying 2.22 million shares, have now control over 2.27% of the stake in the company. It holds 17206.0 shares of worth $104.04 million.
However, the stock later moved at a day high price of 37.31, or with a loss of -2.40%. Stock saw a price change of -5.98% in past 5 days and over the past one month there was a price change of -13.70%. Year-to-date (YTD), NTRA shares are showing a performance of -61.61% which decreased to -68.13% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $26.10 but also hit the highest price of $115.35 during that period. The average intraday trading volume for Natera Inc. shares is 1.32 million. The stock is currently trading -15.71% below its 20-day simple moving average (SMA20), while that difference is down -19.58% for SMA50 and it goes to -20.28% lower than SMA200.
The Vanguard Group, Inc. acquired 7.82 million shares of Natera Inc. having value of about $367.23 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 0.15 million shares in the company valued at close to $5461209.75, or have control over 1.99% stake in the company. Natera Inc. (NASDAQ: NTRA) currently have 97.05M outstanding shares and institutions hold larger chunk of about 96.80% of that. Holding of mutual funds in the company is about 44.86% while other institutional holders and individual stake holders have control over 46.09% and 22.43% of the stake respectively.
The stock has a current market capitalization of $3.28B and its 3Y-monthly beta is at 1.33. It has posted earnings per share of -$5.69 in the same period. It has Quick Ratio of 3.00 while making debt-to-equity ratio of 0.92. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for NTRA, volatility over the week remained 9.69% while standing at 7.91% over the month.
Analysts are in expectations that Natera Inc. (NTRA) stock would likely to be making an EPS of -$1.44 in the current quarter, while forecast for next quarter EPS is -$1.4 and it is -$4.71 for next year. For the current quarter EPS, analysts have given the company a lowest target -$1.52 which is -$1.33 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$1.63 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -83.70% while it is estimated to increase by 16.90% in next year.
Analysts at 13 brokerage firms have issued recommendations for the Natera Inc. (NTRA)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.70. Out of those 13 Wall Street analysts, 11 recommended a “Buy” rating, while 1 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Credit Suisse on August 25, 2022 offering an Outperform rating for the stock and assigned a target price of $70 to it. Coverage by Stephens stated Natera Inc. (NTRA) stock as an Overweight in their note to investors on April 25, 2022, suggesting a price target of $54 for the stock. On March 08, 2022, Goldman Initiated their recommendations, while on January 06, 2022, Piper Sandler Resumed their ratings for the stock with a price target of $110. Stock get an Outperform rating from Cowen on October 15, 2021.