NuVasive - NUVA Stock Forecast, Price & News

12 Wall Street research 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 research analysts is that investors should "buy" NUVA shares.
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12 analysts have issued 1-year target prices for NuVasive's shares. Their NUVA share price forecasts range from $54.00 to $83.00. On average, they anticipate the company's share price to reach $61.91 in the next year. This suggests a possible upside of 41.9% from the stock's current price.
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NuVasive's stock was trading at $52.48 at the start of the year. Since then, NUVA shares have decreased by 16.9% and is now trading at $43.62.
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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) issued its quarterly earnings data on Tuesday, November, 9th. The medical device company reported $0.32 earnings per share for the quarter, missing analysts' consensus estimates of $0.54 by $0.22. The medical device company had revenue of $270.84 million for the quarter, compared to the consensus estimate of $291.32 million. NuVasive had a positive trailing twelve-month return on equity of 11.12% and a negative net margin of 3.41%. During the same period in the previous year, the company posted $0.54 earnings per share.

NuVasive declared that its Board of Directors has approved a stock buyback plan on Tuesday, November 9th 2021, which permits the company to buyback $100,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 3.5% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's leadership believes its stock is undervalued.

NuVasive updated its FY 2022 earnings guidance on Wednesday, August, 10th. The company provided earnings per share guidance of $2.15-$2.45 for the period, compared to the consensus earnings per share 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 a variety of institutional and retail investors. Top institutional investors 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 $43.62.

NuVasive (NASDAQ:NUVA) has a market capitalization of $2.27 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.