NuVasive (NUVA) Stock Forecast, Price & News

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for NuVasive in the last year. There are currently 9 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" NUVA shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NUVA, but not buy additional shares or sell existing shares.
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11 brokers have issued 12 month target prices for NuVasive's stock. Their NUVA share price forecasts range from $45.00 to $58.00. On average, they predict the company's stock price to reach $50.75 in the next year. This suggests a possible upside of 27.7% from the stock's current price.
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NuVasive's stock was trading at $41.24 at the beginning of the year. Since then, NUVA stock has decreased by 3.6% and is now trading at $39.75.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 8th 2023.
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NuVasive, Inc. (NASDAQ:NUVA) released its earnings results on Wednesday, August, 2nd. The medical device company reported $0.56 earnings per share for the quarter, hitting analysts' consensus estimates of $0.56. The medical device company earned $317.80 million during the quarter, compared to the consensus estimate of $322.53 million. NuVasive had a net margin of 2.32% and a trailing twelve-month return on equity of 12.17%. The business's quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.47 earnings per share.

ETFs with the largest weight of NuVasive (NASDAQ:NUVA) stock in their portfolio include IQ Merger Arbitrage ETF (MNA), ProShares Merger ETF (MRGR), Invesco S&P SmallCap Health Care ETF (PSCH), SPDR S&P Health Care Equipment ETF (XHE), Vanguard S&P Small-Cap 600 Value ETF (VIOV), SPDR S&P 600 Small CapValue ETF (SLYV), iShares S&P Small-Cap 600 Value ETF (IJS) and Syntax Stratified SmallCap ETF (SSLY).

NuVasive declared that its board has authorized a share repurchase plan on Tuesday, November 9th 2021, which authorizes the company to buyback $100,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 3.5% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.

NuVasive updated its FY 2023 earnings guidance on Wednesday, August, 2nd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.27 billion-$1.30 billion, compared to the consensus revenue estimate of $1.29 billion.

59 employees have rated NuVasive Chief Executive Officer Chris Barry on Glassdoor.com. Chris Barry has an approval rating of 88% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other NuVasive investors own include BioMarin Pharmaceutical (BMRN), Incyte (INCY), Puma Biotechnology (PBYI), Intel (INTC), Alibaba Group (BABA), (MDVN) (MDVN), Micron Technology (MU), Bank of America (BAC), Gilead Sciences (GILD) and Applied Materials (AMAT).

NuVasive trades on the NASDAQ under the ticker symbol "NUVA."

NuVasive's stock is owned by a variety of retail and institutional investors. Top institutional investors include KRYGER CAPITAL Ltd (4.51%), Alpine Associates Management Inc. (3.31%), Dimensional Fund Advisors LP (2.97%), Paradice Investment Management LLC (2.60%), Westchester Capital Management LLC (2.05%) and Geode Capital Management LLC (2.02%). Insiders that own company stock include James Christopher Barry, Lucas Vitale and Massimo Calafiore.
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Shares of NUVA 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 NUVA stock can currently be purchased for approximately $39.75.

NuVasive (NASDAQ:NUVA) has a market capitalization of $2.08 billion and generates $1.23 billion in revenue each year. The medical device company earns $40.41 million in net income (profit) each year or $0.50 on an earnings per share basis.

The company employs 3,000 workers across the globe.

NuVasive's mailing address is 7475 LUSK BOULEVARD, SAN DIEGO CA, 92121. The official website for the company is www.nuvasive.com. The medical device company can be reached via phone at (858) 909-1800, via email at investorrelations@nuvasive.com, or via fax at 800-475-9134.