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S&P 500   3,841.47
DOW   30,996.98
QQQ   325.42
S&P 500   3,841.47
DOW   30,996.98
QQQ   325.42
S&P 500   3,841.47
DOW   30,996.98
QQQ   325.42
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NYSE:NVTA

Invitae Stock Forecast, Price & News

$55.21
+2.08 (+3.91 %)
(As of 01/22/2021 12:00 AM ET)
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Today's Range
$52.75
Now: $55.21
$56.59
50-Day Range
$41.81
MA: $49.77
$57.40
52-Week Range
$7.41
Now: $55.21
$61.59
Volume6.37 million shs
Average Volume4.70 million shs
Market Capitalization$9.76 billion
P/E RatioN/A
Dividend YieldN/A
Beta2.11
Invitae Corporation, a medical genetics company, processes DNA-containing samples, analyzes information related to patient-specific genetic variation, and generates test reports for clinicians and their patients in the United States, Canada, and internationally. It offers genetic tests in various clinical areas, including hereditary cancer, cardiology, neurology, pediatrics, metabolic conditions, and rare diseases; prenatal and perinatal genetic tests; and non-invasive prenatal screening products. The company also provides preimplantation and carrier screening for inherited disorders; products for prenatal diagnosis, miscarriage analysis, and pediatric developmental disorders; a platform for collecting, curating, coordinating, and delivering data from patients and clinicians; and CancerGene Connect, a platform for collecting and managing genetic family histories to deliver personalized genetic risk information. It serves patients, healthcare providers, and biopharma and advocacy partners. Invitae Corporation has a collaboration with Gene Therapies Ltd. for the detection of lysosomal storage disorders in children; and a research collaboration with Pacific Biosciences of California, Inc. for the investigation of clinically relevant molecular targets for use in the development of advanced diagnostic testing for epilepsy. The company was formerly known as Locus Development, Inc. and changed its name to Invitae Corporation in 2012. Invitae Corporation was founded in 2010 and is headquartered in San Francisco, California.
Invitae logo

MarketRank

Overall MarketRank

1.20 out of 5 stars

Medical Sector

806th out of 1,923 stocks

Medical Laboratories Industry

15th out of 39 stocks

Analyst Opinion: 1.2Community Rank: 2.5Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 0.6 5 -4 -3 -2 -1 -

Industry, Sector and Symbol

Industry Medical laboratories
Sub-IndustryN/A
SectorMedical
CUSIPN/A
Phone415-374-7782
Employees1,300

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$216.82 million
Book Value$3.93 per share

Profitability

Net Income$-241,960,000.00
Net Margins-183.50%

Miscellaneous

Market Cap$9.76 billion
Next Earnings Date2/17/2021 (Estimated)
OptionableOptionable
$55.21
+2.08 (+3.91 %)
(As of 01/22/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Invitae (NYSE:NVTA) Frequently Asked Questions

How has Invitae's stock price been impacted by Coronavirus?

Invitae's stock was trading at $15.85 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, NVTA stock has increased by 248.3% and is now trading at $55.21.
View which stocks have been most impacted by COVID-19
.

Is Invitae a buy right now?

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Invitae in the last year. There are currently 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Invitae stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NVTA, but not buy additional shares or sell existing shares.
View analyst ratings for Invitae
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Invitae?

Wall Street analysts have given Invitae a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Invitae wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

What is Larry J. Merlo's approval rating as Invitae's CEO?

6,978 employees have rated Invitae CEO Larry J. Merlo on Glassdoor.com. Larry J. Merlo has an approval rating of 37% among Invitae's employees. This puts Larry J. Merlo in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

When is Invitae's next earnings date?

Invitae is scheduled to release its next quarterly earnings announcement on Wednesday, February 17th 2021.
View our earnings forecast for Invitae
.

How were Invitae's earnings last quarter?

Invitae Co. (NYSE:NVTA) posted its quarterly earnings results on Thursday, November, 5th. The medical research company reported ($0.78) EPS for the quarter, missing analysts' consensus estimates of ($0.60) by $0.18. The medical research company earned $68.73 million during the quarter, compared to analyst estimates of $59.36 million. Invitae had a negative net margin of 183.50% and a negative return on equity of 81.19%. The firm's revenue was up 21.6% on a year-over-year basis. During the same quarter last year, the business posted ($0.82) EPS.
View Invitae's earnings history
.

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

Invitae issued an update on its FY 2020 Pre-Market earnings guidance on Monday, January, 11th. The company provided EPS guidance of for the period. The company issued revenue guidance of $278 million, compared to the consensus revenue estimate of $274.93 million.

What price target have analysts set for NVTA?

7 analysts have issued 12 month price objectives for Invitae's stock. Their forecasts range from $20.00 to $64.00. On average, they anticipate Invitae's stock price to reach $41.46 in the next twelve months. This suggests that the stock has a possible downside of 24.9%.
View analysts' price targets for Invitae
or view Wall Street analyst' top-rated stocks.

Who are some of Invitae's key competitors?

What other stocks do shareholders of Invitae own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Invitae investors own include NVIDIA (NVDA), Square (SQ), Roku (ROKU), Tesla (TSLA), Alibaba Group (BABA), The Trade Desk (TTD), Shopify (SHOP), salesforce.com (CRM), Advanced Micro Devices (AMD) and Okta (OKTA).

Who are Invitae's key executives?

Invitae's management team includes the following people:
  • Dr. Sean Emerson George, Co-Founder, Pres, CEO & Chairman (Age 46, Pay $666.79k)
  • Ms. Shelly D. Guyer, Chief Financial Officer (Age 60, Pay $566.77k)
  • Dr. Robert L. Nussbaum, Chief Medical Officer (Age 70, Pay $500.09k)
  • Mr. Lee Bendekgey, Chief Policy Officer (Age 62, Pay $566.77k)
  • Ms. Katherine A. Stueland, Chief Commercial Officer (Age 44, Pay $545.13k)
  • Mr. Alex Furman, Co-Founder, Culture Tsar & Head of People Analytics
  • Ms. Michele Cargill Ph.D., Co-Founder, Key Projects & Advisor to the CEO
  • Mr. Kenneth D. Knight, Chief Operating Officer (Age 60)
  • Mr. Robert F. Werner, Chief Accounting Officer (Age 47)
  • Mr. Layton Wedgeworth, Chief Technology Officer

When did Invitae IPO?

(NVTA) raised $76 million in an initial public offering (IPO) on Thursday, February 12th 2015. The company issued 5,400,000 shares at $13.00-$15.00 per share. J.P. Morgan served as the underwriter for the IPO and Cowen and Company and Leerink Partners were co-managers.

What is Invitae's stock symbol?

Invitae trades on the New York Stock Exchange (NYSE) under the ticker symbol "NVTA."

Who are Invitae's major shareholders?

Invitae's stock is owned by a number of institutional and retail investors. Top institutional investors include Profit Investment Management LLC (0.08%), Sterling Investment Advisors Ltd. (0.02%), Boyd Watterson Asset Management LLC OH (0.00%), Procyon Private Wealth Partners LLC (0.00%), Meridian Wealth Management LLC (0.00%) and Kestra Advisory Services LLC (0.00%). Company insiders that own Invitae stock include E Lee Bendekgey, Eric Aguiar, Geoffrey Crouse, Jason W Myers, Katherine Stueland, Kenneth D Knight, Randal W Scott, Robert F Werner, Robert L Nussbaum, Sean E George, Shelly D Guyer and Thomas Brida.
View institutional ownership trends for Invitae
.

Which institutional investors are selling Invitae stock?

NVTA stock was sold by a variety of institutional investors in the last quarter, including Exchange Traded Concepts LLC, Pacer Advisors Inc., Sterling Investment Advisors Ltd., and Creative Financial Designs Inc. ADV. Company insiders that have sold Invitae company stock in the last year include E Lee Bendekgey, Eric Aguiar, Jason W Myers, Katherine Stueland, Kenneth D Knight, Robert F Werner, Robert L Nussbaum, Sean E George, Shelly D Guyer, and Thomas Brida.
View insider buying and selling activity for Invitae
or view top insider-selling stocks.

Which institutional investors are buying Invitae stock?

NVTA stock was purchased by a variety of institutional investors in the last quarter, including Boyd Watterson Asset Management LLC OH, Meridian Wealth Management LLC, Kestra Advisory Services LLC, Aries Wealth Management, Sowell Financial Services LLC, Procyon Private Wealth Partners LLC, Sonora Investment Management LLC, and Profit Investment Management LLC.
View insider buying and selling activity for Invitae
or or view top insider-buying stocks.

How do I buy shares of Invitae?

Shares of NVTA 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.

What is Invitae's stock price today?

One share of NVTA stock can currently be purchased for approximately $55.21.

How big of a company is Invitae?

Invitae has a market capitalization of $9.76 billion and generates $216.82 million in revenue each year. The medical research company earns $-241,960,000.00 in net income (profit) each year or ($2.28) on an earnings per share basis. Invitae employs 1,300 workers across the globe.

What is Invitae's official website?

The official website for Invitae is www.invitae.com.

How can I contact Invitae?

Invitae's mailing address is 1400 16th Street, SAN FRANCISCO CA, 94103. The medical research company can be reached via phone at 415-374-7782 or via email at [email protected]

This page was last updated on 1/24/2021 by MarketBeat.com Staff

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