Nevro - NVRO Stock Forecast, Price & News

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nevro in the last year. There are currently 3 sell ratings, 7 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" NVRO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NVRO, but not buy additional shares or sell existing shares.
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14 Wall Street research analysts have issued 12-month target prices for Nevro's stock. Their NVRO share price forecasts range from $31.00 to $97.00. On average, they predict the company's share price to reach $64.50 in the next twelve months. This suggests a possible upside of 34.7% from the stock's current price.
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Nevro's stock was trading at $81.07 at the beginning of 2022. Since then, NVRO stock has decreased by 40.9% and is now trading at $47.90.
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Nevro saw a increase in short interest in the month of October. As of October 31st, there was short interest totaling 3,330,000 shares, an increase of 58.6% from the October 15th total of 2,100,000 shares. Based on an average daily trading volume, of 629,700 shares, the days-to-cover ratio is currently 5.3 days. Approximately 10.0% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 22nd 2023.
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Nevro Corp. (NYSE:NVRO) issued its earnings results on Wednesday, November, 2nd. The medical equipment provider reported ($0.62) earnings per share for the quarter, beating the consensus estimate of ($0.71) by $0.09. The medical equipment provider had revenue of $100.47 million for the quarter, compared to analysts' expectations of $99.08 million. Nevro had a negative net margin of 2.01% and a negative trailing twelve-month return on equity of 40.89%.

Nevro updated its FY 2022 earnings guidance on Wednesday, November, 9th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $403.00 million-$407.00 million, compared to the consensus revenue estimate of $405.06 million.

9 employees have rated Nevro Chief Executive Officer D. Keith Grossman on Glassdoor.com. D. Keith Grossman has an approval rating of 68% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Nevro investors own include AT&T (T), NVIDIA (NVDA), AbbVie (ABBV), Walt Disney (DIS), General Electric (GE), Micron Technology (MU), Gilead Sciences (GILD), Advanced Micro Devices (AMD), Adobe (ADBE) and Intuitive Surgical (ISRG).

Nevro trades on the New York Stock Exchange (NYSE) under the ticker symbol "NVRO."

Nevro's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (13.75%), Vanguard Group Inc. (10.22%), Fred Alger Management LLC (2.63%), Federated Hermes Inc. (2.35%), State Street Corp (2.32%) and Brown Advisory Inc. (1.82%). Insiders that own company stock include Andrew H Galligan, D Keith Grossman, Elizabeth H Weatherman, Kashif Rashid, Kevin C Oboyle, Leslie Stretch, Michael F Demane, Michael F Demane, Niamh Louise Pellegrini and Shawn Mccormick.
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Shares of NVRO 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 NVRO stock can currently be purchased for approximately $47.90.

Nevro (NYSE:NVRO) has a market capitalization of $1.70 billion and generates $386.90 million in revenue each year. The medical equipment provider earns $-131,360,000.00 in net income (profit) each year or ($0.33) on an earnings per share basis.

The company employs 945 workers across the globe.

Nevro's mailing address is 1800 BRIDGE PARKWAY, REDWOOD CITY CA, 94065. The official website for the company is www.nevro.com. The medical equipment provider can be reached via phone at (650) 251-0005 or via email at ir@nevro.com.