Certara (CERT) Stock Forecast, Price & News

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Certara in the last twelve months. There are currently 5 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" CERT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CERT, but not buy additional shares or sell existing shares.
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8 Wall Street analysts have issued twelve-month price targets for Certara's stock. Their CERT share price forecasts range from $16.00 to $28.00. On average, they expect the company's share price to reach $20.86 in the next year. This suggests a possible upside of 50.9% from the stock's current price.
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Certara's stock was trading at $16.07 on January 1st, 2023. Since then, CERT shares have decreased by 14.0% and is now trading at $13.82.
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Certara saw a drop in short interest in the month of August. As of August 31st, there was short interest totaling 6,520,000 shares, a drop of 5.5% from the August 15th total of 6,900,000 shares. Based on an average trading volume of 895,600 shares, the days-to-cover ratio is presently 7.3 days. Approximately 6.0% of the company's shares are sold short.
View Certara's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, November 6th 2023.
View our CERT earnings forecast.

Certara, Inc. (NASDAQ:CERT) released its earnings results on Wednesday, August, 9th. The company reported $0.10 earnings per share for the quarter, topping analysts' consensus estimates of $0.08 by $0.02. The firm had revenue of $90.45 million for the quarter, compared to analyst estimates of $92.04 million. Certara had a trailing twelve-month return on equity of 5.56% and a net margin of 5.45%.

ETFs with the largest weight of Certara (NASDAQ:CERT) stock in their portfolio include Invesco S&P SmallCap Health Care ETF (PSCH), Pacer US Small Cap Cash Cows Growth Leaders ETF (CAFG), Pacer US Large Cap Cash Cows Growth Leaders ETF (COWG), Motley Fool Small-Cap Growth ETF (TMFS), Janus Henderson US Sustainable Equity ETF (SSPX), MFAM Small-Cap Growth ETF (MFMS), BlackRock Future Innovators ETF (BFTR) and iShares U.S. Healthcare Providers ETF (IHF).

Certara updated its FY23 earnings guidance on Wednesday, August, 9th. The company provided earnings per share (EPS) guidance of $0.44-$0.48 for the period, compared to the consensus estimate of $0.52. The company issued revenue guidance of $345-$360 million, compared to the consensus revenue estimate of $376.55 million.

(CERT) raised $500 million in an initial public offering (IPO) on Friday, December 11th 2020. The company issued 24,400,000 shares at a price of $19.00-$22.00 per share. Jefferies, Morgan Stanley, BofA Securities, Credit Suisse, Barclays and William Blair served as the underwriters for the IPO.

Certara trades on the NASDAQ under the ticker symbol "CERT."

Certara's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (9.07%), Baillie Gifford & Co. (5.88%), William Blair Investment Management LLC (4.43%), Clearbridge Investments LLC (2.60%), ArrowMark Colorado Holdings LLC (2.57%) and JPMorgan Chase & Co. (2.38%). Insiders that own company stock include Avatar Parent LP Eqt, Craig R Rayner, Eran Broshy, James E Cashman III, Jieun W Choe, Justin Edge, Leif E Pedersen, Mason P Slaine, Matthew M Walsh, Michael Andrew Schemick, Patrick F Smith, Richard M Traynor, Robert Aspbury, Stephen M Mclean and William F Feehery.
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Shares of CERT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CERT stock can currently be purchased for approximately $13.82.

Certara (NASDAQ:CERT) has a market capitalization of $2.21 billion and generates $335.64 million in revenue each year. The company earns $14.73 million in net income (profit) each year or $0.12 on an earnings per share basis.

The company employs 1,204 workers across the globe.

Certara's mailing address is 100 OVERLOOK CENTER SUITE 101, PRINCETON NJ, 08540. The official website for the company is www.certara.com. The company can be reached via phone at 609-716-7900 or via email at ir@certara.com.