Log in

NYSE:NVTA - InVitae Stock Price, Forecast & News

$14.09
-2.25 (-13.77 %)
(As of 03/29/2020 04:00 PM ET)
Today's Range
$14.00
Now: $14.09
$15.93
50-Day Range
$8.00
MA: $19.00
$27.50
52-Week Range
$7.41
Now: $14.09
$28.75
Volume3.46 million shs
Average Volume3.92 million shs
Market Capitalization$1.39 billion
P/E RatioN/A
Dividend YieldN/A
Beta2.07
Invitae Corporation, a genetic information 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. Its tests include genes associated with hereditary cancer, neurological disorders, cardiovascular disorders, pediatric disorders, metabolic disorders, and other hereditary conditions; and screening and testing services in reproductive health, including preimplantation and carrier screening for inherited disorders, prenatal diagnosis, miscarriage analysis, and pediatric developmental disorders. The company also operates AltaVoice, a platform for collecting, curating, coordinating, and delivering data from patients and clinicians; and CancerGene Connect, an end-to-end platform for collecting and managing genetic family histories to deliver personalized genetic risk information. It serves patients, healthcare providers, and biopharma and advocacy partners. 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.
Read More
InVitae logo

Industry, Sector and Symbol

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

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-111.60%

Miscellaneous

Employees1,300
Market Cap$1.39 billion
Next Earnings Date5/5/2020 (Estimated)
OptionableOptionable

Receive NVTA News and Ratings via Email

Sign-up to receive the latest news and ratings for NVTA and its competitors with MarketBeat's FREE daily newsletter.


InVitae (NYSE:NVTA) Frequently Asked Questions

How has InVitae's stock been impacted by COVID-19 (Coronavirus)?

InVitae's stock was trading at $15.85 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, NVTA stock has decreased by 11.1% and is now trading at $14.09. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of InVitae?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for InVitae in the last year. There are currently 1 hold rating and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for InVitae.

When is InVitae's next earnings date?

InVitae is scheduled to release its next quarterly earnings announcement on Tuesday, May 5th 2020. View our earnings forecast for InVitae.

How were InVitae's earnings last quarter?

InVitae Corp (NYSE:NVTA) posted its quarterly earnings data on Wednesday, February, 19th. The medical research company reported ($0.63) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of ($0.60) by $0.03. The medical research company had revenue of $66.30 million for the quarter, compared to analyst estimates of $66.62 million. InVitae had a negative return on equity of 58.73% and a negative net margin of 111.60%. The company's revenue was up 46.0% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.40) EPS. View InVitae's earnings history.

What price target have analysts set for NVTA?

5 Wall Street analysts have issued 1 year target prices for InVitae's stock. Their forecasts range from $28.00 to $34.00. On average, they anticipate InVitae's share price to reach $31.00 in the next twelve months. This suggests a possible upside of 120.0% from the stock's current price. View analysts' price targets for InVitae.

What are Wall Street analysts saying about InVitae stock?

Here are some recent quotes from research analysts about InVitae stock:
  • 1. According to Zacks Investment Research, "Invitae Corporation is engaged in genetic diagnostics for hereditary disorders which include breast, colon and pancreatic cancer. It operates primarily in the United States, Israel and internationally. Invitae Corporation is headquartered in San Francisco, California. " (3/20/2020)
  • 2. Chardan Capital analysts commented, "We liked the new strategic partnerships with biopharma companies, growth in billable tests, and improvement in average cost per sample during the quarter. We see NVTA as a leader among high-growth digital health companies and we see the stock as mispriced compared with its valuation peers. We see the potential for over 50% upside in the name in the next 12 months as Management executes and the stock trades more in line with its valuation comparable." (6/11/2019)

Has InVitae been receiving favorable news coverage?

News coverage about NVTA stock has been trending extremely negative recently, according to InfoTrie Sentiment Analysis. The research firm rates the sentiment of news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. InVitae earned a news impact score of -4.0 on InfoTrie's scale. They also gave headlines about the medical research company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the stock's share price in the near term. View the latest news aboutInVitae.

Are investors shorting InVitae?

InVitae saw a increase in short interest in the month of March. As of March 13th, there was short interest totaling 22,133,500 shares, an increase of 7.4% from the February 27th total of 20,600,000 shares. Based on an average daily trading volume, of 2,880,000 shares, the days-to-cover ratio is presently 7.7 days. Currently, 23.5% of the company's shares are short sold. View InVitae's Current Options Chain.

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), Roku (ROKU), Alibaba Group (BABA), Trade Desk (TTD), Shopify (SHOP), Twilio (TWLO), Walt Disney (DIS), Micron Technology (MU), Advanced Micro Devices (AMD) and Netflix (NFLX).

Who are InVitae's key executives?

InVitae's management team includes the following people:
  • Dr. Randal W. Scott, Exec. Chairman (Age 61)
  • Dr. Sean E. George, Co-Founder, Pres, CEO & Director (Age 45)
  • Ms. Shelly D. Guyer, Chief Financial Officer (Age 59)
  • Mr. Lee Bendekgey, Sec. & COO (Age 61)
  • Ms. Laura D'Angelo, Head of Investor Relations

When did InVitae IPO?

(NVTA) raised $76 million in an initial public offering 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 many different institutional and retail investors. Top institutional investors include ARK Investment Management LLC (10.89%), Nikko Asset Management Americas Inc. (10.42%), Sumitomo Mitsui Trust Holdings Inc. (10.42%), State Street Corp (6.33%), Alliancebernstein L.P. (3.79%) and Casdin Capital LLC (3.77%). Company insiders that own InVitae stock include E Lee Bendekgey, Eric Aguiar, Geoffrey Crouse, Katherine Stueland, Patty Dumond, Randal W Scott, 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 Alliancebernstein L.P., Perceptive Advisors LLC, Perceptive Advisors LLC, Macquarie Group Ltd., Macquarie Group Ltd., UBS Group AG, Casdin Capital LLC, and First Trust Advisors LP. Company insiders that have sold InVitae company stock in the last year include E Lee Bendekgey, Geoffrey Crouse, Katherine Stueland, Randal W Scott, Robert L Nussbaum, Sean E George, Shelly D Guyer, and Thomas Brida. View insider buying and selling activity for InVitae.

Which institutional investors are buying InVitae stock?

NVTA stock was bought by a variety of institutional investors in the last quarter, including Sumitomo Mitsui Trust Holdings Inc., Nikko Asset Management Americas Inc., ARK Investment Management LLC, State Street Corp, Norges Bank, Victory Capital Management Inc., Victory Capital Management Inc., and Farallon Capital Management LLC. View insider buying and selling activity for InVitae.

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 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 $14.09.

How big of a company is InVitae?

InVitae has a market capitalization of $1.39 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. View additional information about InVitae.

What is InVitae's official website?

The official website for InVitae is http://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]


MarketBeat Community Rating for InVitae (NYSE NVTA)

Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  410 (Thanks for Voting!)
Underperform Votes:  413 (Thanks for Voting!)
Total Votes:  823
MarketBeat's community ratings are surveys of what our community members think about InVitae and other stocks. Vote "Outperform" if you believe NVTA will outperform the S&P 500 over the long term. Vote "Underperform" if you believe NVTA will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/29/2020 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.

Yahoo Gemini Pixel