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What Is WallStreetBets and What Stocks Are They Targeting?
Biden's Plan to Confiscate Your Cash? (Ad)
Can You Guess Which EV Stock Is Beating Tesla ?
Closing prices for crude oil, gold and other commodities
Three Chinese corporate giants leaving NY stock exchange
Biden's Plan to Confiscate Your Cash? (Ad)
Pipeline break spills 45,000 gallons of diesel in Wyoming
Wall Street builds on gains, heads for 4-week winning streak
Judge revives Obama-era ban on coal sales from federal lands
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
What Is WallStreetBets and What Stocks Are They Targeting?
Biden's Plan to Confiscate Your Cash? (Ad)
Can You Guess Which EV Stock Is Beating Tesla ?
Closing prices for crude oil, gold and other commodities
Three Chinese corporate giants leaving NY stock exchange
Biden's Plan to Confiscate Your Cash? (Ad)
Pipeline break spills 45,000 gallons of diesel in Wyoming
Wall Street builds on gains, heads for 4-week winning streak
Judge revives Obama-era ban on coal sales from federal lands
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
NASDAQ:NUVA

NuVasive - NUVA Stock Forecast, Price & News

$53.49
+0.92 (+1.75%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
$51.95
$53.60
50-Day Range
$46.84
$54.04
52-Week Range
$45.45
$64.43
Volume
721,357 shs
Average Volume
485,483 shs
Market Capitalization
$2.78 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$61.91

NuVasive MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
15.7% Upside
$61.91 Price Target
Short Interest
Bearish
6.80% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.50mentions of NuVasive in the last 14 days
Based on 11 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
13.00%
From $2.23 to $2.52 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.36 out of 5 stars

Medical Sector

1076th out of 1,117 stocks

Surgical & Medical Instruments Industry

105th out of 113 stocks

NUVA stock logo

About NuVasive (NASDAQ:NUVA) Stock

NuVasive, Inc., a medical technology company, develops, manufactures, and sells procedural solutions for spine surgery. It provides surgical access instruments, including Maxcess integrated split-blade retractor system that enable less-invasive surgical techniques by minimizing soft tissue disruption during spine surgery; specialized spinal implants to advance spinal fusion by enhancing the osseointegration and biomechanical properties of implant materials, including porous titanium and porous polyetheretherketone; and fixation system that facilitates the preservation and restoration of patient alignment. The company also offers cervical total disc replacement technology for cervical spinal fusion surgery; neuromonitoring systems, which use proprietary software-driven nerve detection and avoidance technology, and its intraoperative neuromonitoring services and support; and Pulse platform, a software ecosystem that integrates multiple hardware technologies into a single, condensed footprint in the operating room. In addition, it provides expandable growing rod implant systems for the treatment of early-onset scoliosis; various biologics that are used to aid in the spinal fusion or bone healing process; Precice, an intramedullary implant device that utilizes the MAGEC technology to non-invasively lengthen the femur and tibia; and onsite and remote monitoring of the neurological systems of patients undergoing spinal and brain-related surgeries. The company sells its products to patients, surgeons, hospitals, and insurers through independent sales agents, directly employed sales personnel, and distributors in the United States and internationally. NuVasive, Inc. was incorporated in 1997 and is headquartered in San Diego, California.

Wall Street Analyst Weigh In

NUVA has been the subject of a number of analyst reports. Morgan Stanley lowered their target price on NuVasive from $62.00 to $54.00 and set an "equal weight" rating for the company in a report on Friday, July 15th. Canaccord Genuity Group lifted their target price on NuVasive from $50.00 to $55.00 in a research note on Friday, August 5th. Truist Financial decreased their price target on shares of NuVasive to $63.00 in a research report on Friday, July 22nd. Finally, Piper Sandler lowered their price target on shares of NuVasive from $80.00 to $60.00 and set an "overweight" rating on the stock in a report on Thursday, August 4th. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $61.75.

NuVasive Stock Performance

Shares of NASDAQ:NUVA traded up $0.24 during midday trading on Friday, reaching $52.81. The company had a trading volume of 7,936 shares, compared to its average volume of 487,153. NuVasive has a 1 year low of $45.45 and a 1 year high of $64.43. The business's 50-day simple moving average is $50.75 and its 200 day simple moving average is $52.70. The company has a current ratio of 1.17, a quick ratio of 0.70 and a debt-to-equity ratio of 0.54. The stock has a market cap of $2.75 billion, a P/E ratio of -65.68, a P/E/G ratio of 2.05 and a beta of 1.14.

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NUVA Stock News Headlines

NuVasive, Inc. Q2 Earnings Summary
NuVasive (NUVA) Lags Q2 Earnings Estimates
Recap: NuVasive Q2 Earnings - Benzinga
NuVasive (NUVA) to Release Quarterly Earnings on Wednesday
See More Headlines
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NUVA Company Calendar

Last Earnings
11/09/2021
Today
8/13/2022
Next Earnings (Estimated)
11/08/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Surgical & medical instruments
Sub-Industry
Health Care Equipment
Sector
Medical
Current Symbol
NASDAQ:NUVA
CUSIP
67070410
Employees
2,900
Year Founded
1997

Price Target and Rating

Average Stock Price Forecast
$61.91
High Stock Price Forecast
$83.00
Low Stock Price Forecast
$54.00
Forecasted Upside/Downside
+15.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
12 Analysts

Profitability

Net Income
$-64,090,000.00
Pretax Margin
-2.96%

Debt

Sales & Book Value

Annual Sales
$1.14 billion
Cash Flow
$4.84 per share
Book Value
$15.88 per share

Miscellaneous

Free Float
51,816,000
Market Cap
$2.78 billion
Optionable
Optionable
Beta
1.14

Social Links


Key Executives

  • Mr. J. Christopher Barry (Age 48)
    CEO & Director
    Comp: $2.93M
  • Mr. Matthew K. Harbaugh (Age 52)
    Exec. VP & CFO
    Comp: $939.39k
  • Mr. Dale A. Wolf (Age 42)
    Sr. VP of Global Operations
    Comp: $679.16k
  • Mr. Nathaniel B. Sisitsky Esq. (Age 47)
    Sr. VP, Gen. Counsel & Corp. Sec.
    Comp: $787.93k
  • Mr. Massimo Calafiore
    Exec. VP & Chief Commercial Officer
  • Mr. Marc Rosenbaum (Age 50)
    VP, Corp. Controller & Chief Accounting Officer
  • Mr. Ryan Donahoe
    Sr. VP & Chief Technology Officer
  • Mr. Johnson Lai
    Chief Information Officer
  • Ms. Juliet C. Cunningham
    VP of Investor Relations
  • Mr. Michael Farrington
    Sr. VP of Corp. Marketing, Brand & Communication













NUVA Stock - Frequently Asked Questions

Should I buy or sell NuVasive stock right now?

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for NuVasive in the last year. 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.
View NUVA analyst ratings
or view top-rated stocks.

What is NuVasive's stock price forecast for 2022?

12 Wall Street analysts have issued 12 month price objectives for NuVasive's shares. Their NUVA share price forecasts range from $54.00 to $83.00. On average, they predict 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.
View analysts price targets for NUVA
or view top-rated stocks among Wall Street analysts.

How have NUVA shares performed in 2022?

NuVasive's stock was trading at $52.48 at the beginning of 2022. Since then, NUVA stock has increased by 1.9% and is now trading at $53.49.
View the best growth stocks for 2022 here
.

When is NuVasive's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 8th 2022.
View our NUVA earnings forecast
.

How were NuVasive's earnings last quarter?

NuVasive, Inc. (NASDAQ:NUVA) posted its earnings results on Tuesday, November, 9th. The medical device company reported $0.32 earnings per share (EPS) 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 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 period in the previous year, the company posted $0.54 EPS.

How will NuVasive's stock buyback program work?

NuVasive declared that its Board of Directors has approved a stock buyback program on Tuesday, November 9th 2021, which allows the company to buyback $100,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to repurchase up to 3.5% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board of directors believes its shares are undervalued.

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

NuVasive updated 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.

What is Chris Barry's approval rating as NuVasive's CEO?

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.

What other stocks do shareholders of NuVasive own?

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).

What is NuVasive's stock symbol?

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

Who are NuVasive's major shareholders?

NuVasive's stock is owned by many different 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.
View institutional ownership trends
.

How do I buy shares of NuVasive?

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.
Compare Top Brokerages Here.

What is NuVasive's stock price today?

One share of NUVA stock can currently be purchased for approximately $53.49.

How much money does NuVasive make?

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.

How many employees does NuVasive have?

The company employs 2,900 workers across the globe.

Does NuVasive have any subsidiaries?

The following companies are subsidiares of NuVasive: Biotronic NeuroNetwork, Ellipse Technologies, NuVasive Clinical Services Monitoring Inc., NuVasive Japan KK, NuVasive Specialized Orthopedics Inc., NuVasive Technology International Limited, SafePassage, Simplify Medical, and Vertera Spine.
Read More

When was NuVasive founded?

NuVasive was founded in 1997.

How can I contact NuVasive?

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.

This page (NASDAQ:NUVA) was last updated on 8/13/2022 by MarketBeat.com Staff

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