NanoString Technologies - NSTG Stock Forecast, Price & News

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NanoString Technologies in the last year. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" NSTG shares.
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5 Wall Street research analysts have issued 1 year target prices for NanoString Technologies' stock. Their NSTG share price forecasts range from $21.00 to $70.00. On average, they anticipate the company's stock price to reach $39.14 in the next year. This suggests a possible upside of 202.7% from the stock's current price.
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NanoString Technologies' stock was trading at $42.23 at the beginning of 2022. Since then, NSTG stock has decreased by 69.4% and is now trading at $12.93.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 8th 2022.
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NanoString Technologies, Inc. (NASDAQ:NSTG) issued its earnings results on Thursday, August, 4th. The biotechnology company reported ($0.85) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.62) by $0.23. The biotechnology company had revenue of $32.22 million for the quarter, compared to the consensus estimate of $32.32 million. NanoString Technologies had a negative net margin of 97.45% and a negative trailing twelve-month return on equity of 87.86%. The business's revenue was down 4.9% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.60) earnings per share.

36 employees have rated NanoString Technologies Chief Executive Officer Brad Gray on Glassdoor.com. Brad Gray has an approval rating of 65% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other NanoString Technologies investors own include CA (CA), BlackRock (BLK), Endologix (ELGX), Aegean Marine Petroleum Network (ANW), Chipotle Mexican Grill (CMG), Precision Drilling (PD), AutoZone (AZO), Designer Brands (DBI), Bank of the Ozarks (OZRK) and Vista Outdoor (VSTO).

NanoString Technologies trades on the NASDAQ under the ticker symbol "NSTG."

NanoString Technologies' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Pictet Asset Management SA (3.44%), Goldman Sachs Group Inc. (1.73%), Platinum Investment Management Ltd. (0.99%), Northern Trust Corp (0.93%), Federated Hermes Inc. (0.77%) and Assenagon Asset Management S.A. (0.67%). Insiders that own company stock include Charles P Waite Jr, David W Ghesquiere, Elisha W Finney, Gregory Norden, J Chad Brown, Joseph M Beechem, K Thomas Bailey, Kirk Malloy, R Bradley Gray, Robert Hershberg and William Young.
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Shares of NSTG 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 NSTG stock can currently be purchased for approximately $12.93.

NanoString Technologies (NASDAQ:NSTG) has a market capitalization of $601.12 million and generates $145.09 million in revenue each year. The biotechnology company earns $-115,250,000.00 in net income (profit) each year or ($3.04) on an earnings per share basis.

The company employs 766 workers across the globe.

NanoString Technologies' mailing address is 530 FAIRVIEW AVENUE NORTH SUITE 2000, SEATTLE WA, 98109. The official website for the company is www.nanostring.com. The biotechnology company can be reached via phone at (888) 358-6266, via email at dfarrell@nanostring.com, or via fax at 206-378-6288.