Jane Street Group LLC acquired a new position in Natera Inc (NASDAQ:NTRA) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 16,605 shares of the medical research company’s stock, valued at approximately $313,000.
Other hedge funds have also modified their holdings of the company. Northern Trust Corp raised its position in Natera by 1.5% during the first quarter. Northern Trust Corp now owns 375,674 shares of the medical research company’s stock valued at $3,483,000 after purchasing an additional 5,428 shares in the last quarter. State of Wisconsin Investment Board increased its holdings in shares of Natera by 30.4% in the second quarter. State of Wisconsin Investment Board now owns 30,000 shares of the medical research company’s stock worth $565,000 after buying an additional 7,000 shares during the period. Trexquant Investment LP increased its holdings in shares of Natera by 76.6% in the second quarter. Trexquant Investment LP now owns 22,643 shares of the medical research company’s stock worth $426,000 after buying an additional 9,820 shares during the period. State Board of Administration of Florida Retirement System purchased a new position in shares of Natera in the second quarter worth about $200,000. Finally, Paradigm Capital Management Inc. NY purchased a new position in shares of Natera in the second quarter worth about $207,000. Institutional investors own 67.46% of the company’s stock.
NTRA has been the topic of several recent analyst reports. Morgan Stanley raised their target price on Natera from $21.00 to $41.00 and gave the stock an “overweight” rating in a research note on Friday, September 28th. JPMorgan Chase & Co. initiated coverage on Natera in a research note on Friday, October 5th. They issued a “neutral” rating and a $26.00 target price on the stock. Canaccord Genuity raised their target price on Natera from $25.00 to $29.00 and gave the stock a “buy” rating in a research note on Thursday, August 16th. TheStreet raised Natera from a “d” rating to a “c-” rating in a research report on Thursday, August 9th. Finally, Craig Hallum lifted their price objective on Natera from $23.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, August 9th. One research analyst has rated the stock with a sell rating, one has given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Natera has an average rating of “Buy” and an average price target of $28.25.
Shares of NTRA stock traded down $3.83 during trading hours on Friday, hitting $16.80. 4,391,474 shares of the company’s stock traded hands, compared to its average volume of 457,138. Natera Inc has a 12-month low of $8.60 and a 12-month high of $29.62. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of -7.00 and a beta of 2.11.
Natera (NASDAQ:NTRA) last announced its quarterly earnings data on Thursday, November 8th. The medical research company reported ($0.49) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.46) by ($0.03). Natera had a negative return on equity of 752.93% and a negative net margin of 59.07%. The firm had revenue of $65.30 million during the quarter, compared to analysts’ expectations of $66.42 million. During the same quarter in the previous year, the firm earned ($0.51) earnings per share. Natera’s revenue was up 16.8% on a year-over-year basis. Analysts forecast that Natera Inc will post -2.02 earnings per share for the current year.
In other Natera news, insider Jonathan Sheena sold 166,667 shares of the business’s stock in a transaction on Friday, September 14th. The shares were sold at an average price of $24.27, for a total transaction of $4,045,008.09. Following the completion of the sale, the insider now directly owns 481,975 shares in the company, valued at approximately $11,697,533.25. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Matthew Rabinowitz sold 403,462 shares of the business’s stock in a transaction on Thursday, September 13th. The shares were sold at an average price of $24.90, for a total transaction of $10,046,203.80. Following the sale, the chief executive officer now owns 1,701,686 shares of the company’s stock, valued at $42,371,981.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,014,988 shares of company stock valued at $48,674,710. 13.18% of the stock is owned by company insiders.
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Natera Company Profile
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.
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