Certara (CERT) Stock Forecast, Price & News

8 Wall Street equities 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 equities 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 analysts have issued 1-year target prices 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 twelve months. This suggests a possible upside of 45.7% from the stock's current price.
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Certara's stock was trading at $16.07 at the beginning of 2023. Since then, CERT shares have decreased by 10.9% and is now trading at $14.32.
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Certara saw a decline in short interest in August. As of August 31st, there was short interest totaling 6,520,000 shares, a decline of 5.5% from the August 15th total of 6,900,000 shares. Based on an average daily volume of 895,600 shares, the days-to-cover ratio is currently 7.3 days. Currently, 6.0% of the shares of the company are short sold.
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) announced its earnings results on Wednesday, August, 9th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.08 by $0.02. The business 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 issued an update on its FY23 earnings guidance on Wednesday, August, 9th. The company provided EPS guidance of $0.44-$0.48 for the period, compared to the consensus earnings per share 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 on Friday, December 11th 2020. The company issued 24,400,000 shares at $19.00-$22.00 per share. Jefferies, Morgan Stanley, BofA Securities, Credit Suisse, Barclays and William Blair acted 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 retail and institutional investors. Top institutional investors 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 $14.32.

Certara (NASDAQ:CERT) has a market capitalization of $2.29 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.