NASDAQ:NUVA - NuVasive Stock Price, News & Analysis

$64.52
-0.43 (-0.66 %)
(As of 09/16/2019 12:12 PM ET)
Today's Range
$64.08
Now: $64.52
$64.90
50-Day Range
$57.70
MA: $63.74
$68.12
52-Week Range
$43.51
Now: $64.52
$72.41
Volume27,528 shs
Average Volume425,976 shs
Market Capitalization$3.36 billion
P/E Ratio28.93
Dividend YieldN/A
Beta1.2
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$5.0843 per share
Book Value$16.23 per share

Profitability

Net Income$12.47 million

Miscellaneous

Employees2,600
Market Cap$3.36 billion
Next Earnings Date10/29/2019 (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 will NuVasive's stock buyback program work?

NuVasive declared that its Board of Directors has authorized a stock buyback plan on Wednesday, October 25th 2017, which allows the company to repurchase $100,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's leadership believes its shares are undervalued.

How were NuVasive's earnings last quarter?

NuVasive, Inc. (NASDAQ:NUVA) announced its quarterly earnings data on Tuesday, July, 30th. The medical device company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.07. The medical device company earned $292.11 million during the quarter, compared to analyst estimates of $290.59 million. NuVasive had a net margin of 4.65% and a return on equity of 15.09%. NuVasive's quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.58 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 Tuesday, October 29th 2019. 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 Tuesday, July, 30th. The company provided EPS guidance of $2.25-2.35 for the period, compared to the Thomson Reuters consensus estimate of $2.28. The company issued revenue guidance of $1.14-1.16 billion, compared to the consensus revenue estimate of $1.15 billion.

What price target have analysts set for NUVA?

13 equities research analysts have issued 1-year 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 $67.7692 in the next year. This suggests a possible upside of 5.0% from the stock's current price. View Analyst Price Targets for NuVasive.

What is the consensus analysts' recommendation for NuVasive?

13 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 6 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 witnessed balanced revenue growth across all of its key operating segments. Robust sales in the international markets buoy optimism. We are also upbeat about the company having witnessed sturdy demand across an array of recent products launches within the U.S. Spinal Hardware business viz. the TLX 20 Degree expandable cage. On the flip side, the Biologics business performance was disappointing. Headwinds like pricing pressure, reimbursement issues and a competitive landscape are major downsides for NuVasive. In the past six months, NuVasive has outperformed its industry. " (7/10/2019)
  • 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 headlines about NUVA stock have trended somewhat positive on Monday, InfoTrie Sentiment reports. The research group identifies positive and negative press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. NuVasive earned a news sentiment score of 0.9 on InfoTrie's scale. They also assigned press coverage about the medical device company a news buzz of 1.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next few days. 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), Puma Biotechnology (PBYI), BioMarin Pharmaceutical (BMRN), Medivation (MDVN), Starbucks (SBUX), Global Sources Ltd. (Bermuda) (GSOL), Celgene (CELG), 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 variety of of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (9.39%), Price T Rowe Associates Inc. MD (3.39%), Eminence Capital LP (2.30%), Fisher Asset Management LLC (2.20%), Victory Capital Management Inc. (1.83%) and Northern Trust Corp (1.61%). Company insiders that own NuVasive stock include Gregory T Lucier and Matthew Link. 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 York Capital Management Global Advisors LLC, Eversept Partners LP, Price T Rowe Associates Inc. MD, AXA, Eagle Asset Management Inc., DNB Asset Management AS, Sector Gamma AS and Fisher Asset Management LLC. 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 Eminence Capital LP, Nuveen Asset Management LLC, AQR Capital Management LLC, Carlson Capital L P, Balyasny Asset Management LLC, Marshall Wace LLP, Victory Capital Management Inc. and Cubist Systematic Strategies LLC. 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 $64.52.

How big of a company is NuVasive?

NuVasive has a market capitalization of $3.36 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:  708 (Vote Outperform)
Underperform Votes:  600 (Vote Underperform)
Total Votes:  1,308
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 9/16/2019 by MarketBeat.com Staff

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