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NuVasive Stock Price, Forecast & Analysis (NASDAQ:NUVA)

$73.37
+1.36 (+1.89 %)
(As of 11/16/2019 08:00 AM ET)
Today's Range
$71.65
Now: $73.37
$73.41
50-Day Range
$61.20
MA: $66.74
$73.19
52-Week Range
$43.51
Now: $73.37
$73.41
Volume429,900 shs
Average Volume641,615 shs
Market Capitalization$3.82 billion
P/E Ratio32.90
Dividend YieldN/A
Beta1.18
NuVasive, Inc, a medical device company, develops and markets minimally disruptive surgical products and procedurally integrated solutions for spine surgery. Its products focus on applications for spine fusion surgery, including ancillary products and services used to aid in the surgical procedure. The company's principal products include Maximum Access Surgery, a minimally disruptive surgical platform, which includes its software-driven nerve detection and avoidance systems, and intraoperative monitoring (IOM) services and support; MaXcess, an integrated split-blade retractor system; and various specialized implants and biologics. Read More…

Industry, Sector and Symbol

Industry Surgical & medical instruments
Sub-IndustryHealth Care Equipment
SectorMedical
Current SymbolNASDAQ:NUVA
CUSIP67070410
Phone858-909-1800

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.10 billion
Cash Flow$5.28 per share
Book Value$16.84 per share

Profitability

Net Income$12.47 million

Miscellaneous

Employees2,600
Market Cap$3.82 billion
Next Earnings Date2/19/2020 (Estimated)
OptionableOptionable

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NuVasive (NASDAQ:NUVA) Frequently Asked Questions

What is NuVasive's stock symbol?

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

How were NuVasive's earnings last quarter?

NuVasive, Inc. (NASDAQ:NUVA) posted its quarterly earnings results on Wednesday, October, 30th. The medical device company reported $0.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.53 by $0.06. The medical device company earned $290.80 million during the quarter, compared to analyst estimates of $283.75 million. NuVasive had a return on equity of 14.93% and a net margin of 4.15%. The business's revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.56 earnings per share. View NuVasive's Earnings History.

When is NuVasive's next earnings date?

NuVasive is scheduled to release their next quarterly earnings announcement on Wednesday, February 19th 2020. View Earnings Estimates for NuVasive.

What guidance has NuVasive issued on next quarter's earnings?

NuVasive issued an update on its FY19 earnings guidance on Wednesday, October, 30th. The company provided EPS guidance of $2.35-2.40 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.32. The company issued revenue guidance of $1.16 billion, compared to the consensus revenue estimate of prior $2.25-2.35.

What price target have analysts set for NUVA?

12 equities research analysts have issued twelve-month target prices for NuVasive's stock. Their forecasts range from $55.00 to $75.00. On average, they anticipate NuVasive's share price to reach $66.82 in the next year. This suggests that the stock has a possible downside of 8.9%. View Analyst Price Targets for NuVasive.

What is the consensus analysts' recommendation for NuVasive?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NuVasive in the last year. There are currently 1 sell rating, 6 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for NuVasive.

What are Wall Street analysts saying about NuVasive stock?

Here are some recent quotes from research analysts about NuVasive stock:
  • 1. According to Zacks Investment Research, "NuVasive exited the third quarter of 2019 on a promising note, with earnings and revenues beating estimates. We are encouraged to note that the company witnessed solid revenue growth across its U.S. Spinal Hardware business, driven by increased surgeon adoption of lateral single-position surgery and X360 system. Robust sales figures in some of the key international markets, especially in the  EMEA region, buoy optimism. We are upbeat about the raised EPS guidance for 2019. Continued momentum across several recently-launched products within AMS portfolio is encouraging. In the past six months, NuVasive has outperformed its industry. On the flip side, the slight revenue decline within the U.S. Surgical Support and Biologics segments and contraction in adjusted operating margin were disappointing." (11/1/2019)
  • 2. Cantor Fitzgerald analysts commented, ": We maintain our Neutral rating on NUVA, but raise our 12- month PT to $61 from $50 as NUVA’s performance justifies multiple expansion. NUVA reported 1Q revenue of $274.8MM (+5.9% organic), beating FactSet consensus by $5.6MM. 40bp benefit from one-time NCS collections and a faster-than-expected benefit from West Carrollton, GM (72.9%) and OM (14.9%) were higher than expectations, driving an EPS beat of $0.12. A number of favorable one-time items make determining the true underlying performance challenging." (5/2/2019)

Has NuVasive been receiving favorable news coverage?

Media coverage about NUVA stock has trended somewhat negative this week, according to InfoTrie Sentiment. InfoTrie identifies negative and positive news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. NuVasive earned a news impact score of -1.0 on InfoTrie's scale. They also assigned media coverage about the medical device company a news buzz of 1.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the near future. View News Stories for NuVasive.

Who are some of NuVasive's key competitors?

What other stocks do shareholders of NuVasive own?

Based on aggregate information from My MarketBeat watchlists, some companies that other NuVasive investors own include Incyte (INCY), BioMarin Pharmaceutical (BMRN), Puma Biotechnology (PBYI), Medivation (MDVN), Starbucks (SBUX), Celgene (CELG), Global Sources Ltd. (Bermuda) (GSOL), Alibaba Group (BABA), Intel (INTC) and Micron Technology (MU).

Who are NuVasive's key executives?

NuVasive's management team includes the folowing people:
  • Mr. J. Christopher Barry, CEO & Director (Age 46)
  • Mr. Matthew W. Link, Pres (Age 44)
  • Dr. Peter M. Leddy, Exec. VP of People & Culture (Age 56)
  • Mr. Rajesh J. Asarpota, Exec. VP & CFO (Age 52)
  • Mr. Jereme Sylvain, Chief Accounting Officer (Age 39)

Who are NuVasive's major shareholders?

NuVasive's stock is owned by a number of of retail and institutional investors. Top institutional investors include Fisher Asset Management LLC (2.17%), Anchor Capital Advisors LLC (1.49%), Eagle Asset Management Inc. (1.49%), Stephens Investment Management Group LLC (1.19%), Sector Gamma AS (0.90%) and Carillon Tower Advisers Inc. (0.88%). Company insiders that own NuVasive stock include Gregory T Lucier, Matthew Link and Paul Mcclintock. View Institutional Ownership Trends for NuVasive.

Which major investors are selling NuVasive stock?

NUVA stock was sold by a variety of institutional investors in the last quarter, including Anchor Capital Advisors LLC, Sector Gamma AS, Hussman Strategic Advisors Inc., Stephens Investment Management Group LLC, Fisher Asset Management LLC, DNB Asset Management AS, Great West Life Assurance Co. Can and Keybank National Association OH. Company insiders that have sold NuVasive company stock in the last year include Matthew Link and Paul Mcclintock. View Insider Buying and Selling for NuVasive.

Which major investors are buying NuVasive stock?

NUVA stock was purchased by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., TimesSquare Capital Management LLC, Copper Rock Capital Partners LLC, Eagle Asset Management Inc., Carillon Tower Advisers Inc., State of New Jersey Common Pension Fund D, Rice Hall James & Associates LLC and California Public Employees Retirement System. View Insider Buying and Selling for NuVasive.

How do I buy shares of NuVasive?

Shares of NUVA can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is NuVasive's stock price today?

One share of NUVA stock can currently be purchased for approximately $73.37.

How big of a company is NuVasive?

NuVasive has a market capitalization of $3.82 billion and generates $1.10 billion in revenue each year. The medical device company earns $12.47 million in net income (profit) each year or $2.23 on an earnings per share basis. NuVasive employs 2,600 workers across the globe.View Additional Information About NuVasive.

What is NuVasive's official website?

The official website for NuVasive is http://www.nuvasive.com/.

How can I contact NuVasive?

NuVasive's mailing address is 7475 LUSK BOULEVARD, SAN DIEGO CA, 92121. The medical device company can be reached via phone at 858-909-1800 or via email at [email protected]


MarketBeat Community Rating for NuVasive (NASDAQ NUVA)

Community Ranking:  2.7 out of 5 (star star)
Outperform Votes:  721 (Vote Outperform)
Underperform Votes:  609 (Vote Underperform)
Total Votes:  1,330
MarketBeat's community ratings are surveys of what our community members think about NuVasive and other stocks. Vote "Outperform" if you believe NUVA will outperform the S&P 500 over the long term. Vote "Underperform" if you believe NUVA will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 11/17/2019 by MarketBeat.com Staff

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