NanoString Technologies - NSTG Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for NanoString Technologies in the last year. There are currently 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" NSTG shares.
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6 equities research analysts have issued twelve-month price targets for NanoString Technologies' stock. Their NSTG share price forecasts range from $14.00 to $70.00. On average, they expect the company's share price to reach $28.57 in the next twelve months. This suggests a possible upside of 170.1% from the stock's current price.
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NanoString Technologies' stock was trading at $7.97 at the beginning of the year. Since then, NSTG shares have increased by 32.7% and is now trading at $10.58.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 7th 2023.
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NanoString Technologies, Inc. (NASDAQ:NSTG) announced its quarterly earnings results on Monday, November, 7th. The biotechnology company reported ($0.79) earnings per share for the quarter, missing analysts' consensus estimates of ($0.46) by $0.33. The biotechnology company had revenue of $29.54 million for the quarter, compared to analysts' expectations of $35.45 million. NanoString Technologies had a negative net margin of 106.94% and a negative trailing twelve-month return on equity of 111.76%.

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 institutional and retail investors. Top institutional investors include Assenagon Asset Management S.A. (1.55%), Exchange Traded Concepts LLC (0.39%), Strs Ohio (0.09%) and Concourse Financial Group Securities Inc. (0.00%). 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 and Robert Hershberg.
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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 $10.58.

NanoString Technologies (NASDAQ:NSTG) has a market capitalization of $493.56 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 ($3.14) 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.