NuVasive - NUVA Stock Forecast, Price & News

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NuVasive in the last twelve months. There are currently 1 sell rating, 4 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" NUVA shares.
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12 analysts have issued 1-year price targets for NuVasive's stock. Their NUVA share price forecasts range from $54.00 to $83.00. On average, they anticipate the company's stock price to reach $61.91 in the next twelve months. This suggests a possible upside of 43.0% from the stock's current price.
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NuVasive's stock was trading at $52.48 at the beginning of the year. Since then, NUVA stock has decreased by 17.5% and is now trading at $43.30.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 8th 2022.
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NuVasive, Inc. (NASDAQ:NUVA) posted its earnings results on Wednesday, August, 3rd. The medical device company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.55 by $0.08. The medical device company earned $310.45 million during the quarter, compared to analyst estimates of $305.83 million. NuVasive had a negative net margin of 3.41% and a positive trailing twelve-month return on equity of 11.12%.

NuVasive announced that its board has approved a share repurchase program 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 buy up to 3.5% of its stock through open market purchases. Stock buyback programs are often a sign that the company's board believes its shares are undervalued.

NuVasive issued an update on its FY 2022 earnings guidance on Wednesday, August, 10th. The company provided earnings per share (EPS) guidance of $2.15-$2.45 for the period, compared to the consensus EPS estimate of $2.31. The company issued revenue guidance of $1.21 billion-$1.23 billion, compared to the consensus revenue estimate of $1.22 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 many different institutional and retail investors. Top institutional shareholders include Thrivent Financial for Lutherans (4.20%), Paradice Investment Management LLC (2.28%), Price T Rowe Associates Inc. MD (1.59%), Loomis Sayles & Co. L P (1.57%), Stephens Investment Management Group LLC (1.54%) and Northern Trust Corp (1.35%). Insiders that own company stock include Gregory T Lucier, James Christopher Barry, Lucas Vitale, Massimo Calafiore, Matthew Link and Paul Mcclintock.
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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 $43.30.

NuVasive (NASDAQ:NUVA) has a market capitalization of $2.25 billion and generates $1.14 billion in revenue each year. The medical device company earns $-64,090,000.00 in net income (profit) each year or ($0.80) on an earnings per share basis.

The company employs 2,900 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.