Invitae - NVTA Stock Forecast, Price & News

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Invitae in the last year. There are currently 4 sell ratings and 7 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" NVTA shares. 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.
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11 brokerages have issued 1 year price objectives for Invitae's shares. Their NVTA share price forecasts range from $1.75 to $8.50. On average, they anticipate the company's share price to reach $4.58 in the next twelve months. This suggests a possible upside of 257.7% from the stock's current price.
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Invitae's stock was trading at $1.86 on January 1st, 2023. Since then, NVTA shares have decreased by 31.2% and is now trading at $1.28.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023.
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Invitae Co. (NYSE:NVTA) posted its quarterly earnings data on Tuesday, February, 28th. The medical research company reported ($0.34) earnings per share for the quarter, topping the consensus estimate of ($0.55) by $0.21. The medical research company earned $122.45 million during the quarter, compared to the consensus estimate of $120.98 million. Invitae had a negative trailing twelve-month return on equity of 59.44% and a negative net margin of 601.64%. The company's revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.81) earnings per share.

ETFs with the largest weight of Invitae (NYSE:NVTA) stock in their portfolio include SPDR S&P Health Care Services ETF (XHS), Direxion Moonshot Innovators ETF (MOON), iShares Genomics Immunology and Healthcare ETF (IDNA), ARK Genomic Revolution ETF (ARKG), Global X Telemedicine & Digital Health ETF (EDOC), Global X Genomics & Biotechnology ETF (GNOM), AXS Green Alpha ETF (NXTE) and ARK Innovation ETF (ARKK).

Invitae updated its FY 2023 earnings guidance on Tuesday, February, 28th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $500.00M-, compared to the consensus revenue estimate of $516.11 million.

59 employees have rated Invitae Chief Executive Officer Sean George on Glassdoor.com. Sean George has an approval rating of 87% among the company's employees.

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

(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 acted as the underwriter for the IPO and Cowen and Company and Leerink Partners were co-managers.

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

Invitae's stock is owned by many different retail and institutional investors. Top institutional investors include ARK Investment Management LLC (11.15%), Sumitomo Mitsui Trust Holdings Inc. (7.10%), Nikko Asset Management Americas Inc. (7.10%), Geode Capital Management LLC (1.76%), Charles Schwab Investment Management Inc. (0.72%) and Gilder Gagnon Howe & Co. LLC (0.62%). Insiders that own company stock include Artur Bergman, E Lee Bendekgey, Eric Aguiar, Geoffrey Crouse, Jason W Myers, Katherine Stueland, Kenneth D Knight, Robert F Werner, Robert F Werner, Robert L Nussbaum, Robert L Nussbaum, Sean E George, Sean E George, Shelly D Guyer, Thomas Brida and Yafei Wen.
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Shares of NVTA 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 NVTA stock can currently be purchased for approximately $1.28.

Invitae (NYSE:NVTA) has a market capitalization of $313.91 million and generates $516.30 million in revenue each year. The medical research company earns $-3,106,290,000.00 in net income (profit) each year or ($13.35) on an earnings per share basis.

The company employs 1,700 workers across the globe.

Invitae's mailing address is 1400 16th Street, SAN FRANCISCO CA, 94103. The official website for the company is www.invitae.com. The medical research company can be reached via phone at (628) 213-3369 or via email at ir@invitae.com.