NuVasive - NUVA Stock Forecast, Price & News

12 Wall Street equities 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 equities research analysts is that investors should "buy" NUVA shares.
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12 Wall Street analysts have issued 1 year target prices 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 year. This suggests a possible upside of 15.7% from the stock's current price.
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NuVasive's stock was trading at $52.48 on January 1st, 2022. Since then, NUVA shares have increased by 1.9% and is now trading at $53.49.
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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 results on Tuesday, November, 9th. The medical device company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.54 by $0.22. The medical device company earned $270.84 million during the quarter, compared to analyst estimates of $291.32 million. NuVasive had a negative net margin of 3.41% and a positive trailing twelve-month return on equity of 11.12%. During the same quarter in the previous year, the company earned $0.54 EPS.

NuVasive announced that its board has authorized a stock buyback plan on Tuesday, November 9th 2021, which permits the company to repurchase $100,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 3.5% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board of directors believes its shares are 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 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 retail and institutional investors. Top institutional shareholders include Paradice Investment Management LLC (2.28%), Loomis Sayles & Co. L P (1.57%), Stephens Investment Management Group LLC (1.54%), Northern Trust Corp (1.35%), Frontier Capital Management Co. LLC (1.32%) and Victory Capital Management Inc. (1.25%). 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 $53.49.

NuVasive (NASDAQ:NUVA) has a market capitalization of $2.78 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 was founded in 1997.

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.