Invitae Stock Forecast, Price & News

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Invitae in the last twelve months. There are currently 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Invitae stock.
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Invitae saw a decline in short interest during the month of July. As of July 15th, there was short interest totaling 26,850,000 shares, a decline of 15.3% from the June 30th total of 31,700,000 shares. Based on an average daily volume of 3,500,000 shares, the days-to-cover ratio is presently 7.7 days. Currently, 13.6% of the shares of the stock are sold short.
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Invitae is scheduled to release its next quarterly earnings announcement on Tuesday, August 3rd 2021.
View our earnings forecast for Invitae.

Invitae Co. (NYSE:NVTA) released its earnings results on Tuesday, May, 4th. The medical research company reported ($0.63) earnings per share for the quarter, missing the consensus estimate of ($0.60) by $0.03. The medical research company had revenue of $103.60 million for the quarter, compared to the consensus estimate of $101.46 million. Invitae had a negative net margin of 194.99% and a negative trailing twelve-month return on equity of 31.82%. The company's revenue for the quarter was up 61.2% compared to the same quarter last year. During the same period last year, the firm earned ($1.03) earnings per share.
View Invitae's earnings history.

Invitae's stock was trading at $15.85 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, NVTA shares have increased by 79.8% and is now trading at $28.50.
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Invitae issued an update on its FY 2021 earnings guidance on Tuesday, August, 3rd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $475 million-$500 million, compared to the consensus revenue estimate of $463.25 million.

8 equities research analysts have issued 12-month price objectives for Invitae's shares. Their forecasts range from $33.00 to $58.00. On average, they anticipate Invitae's stock price to reach $43.38 in the next year. This suggests a possible upside of 52.2% from the stock's current price.
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59 employees have rated Invitae CEO Sean George on Glassdoor.com. Sean George has an approval rating of 87% among Invitae's employees.

Some companies that are related to Invitae include Quest Diagnostics (DGX), Guardant Health (GH), Natera (NTRA), Elekta AB (publ) (EKTAY), CareDx (CDNA), Veracyte (VCYT), Fulgent Genetics (FLGT), Burning Rock Biotech (BNR), RadNet (RDNT), Castle Biosciences (CSTL), Genetron (GTH), Renalytix AI (RNLX), DermTech (DMTK), Personalis (PSNL) and Celcuity (CELC).
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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).

(NVTA) raised $76 million in an initial public offering on Thursday, February 12th 2015. The company issued 5,400,000 shares at a price of $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.

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 Sumitomo Mitsui Trust Holdings Inc. (7.45%), New York State Common Retirement Fund (0.17%), Zweig DiMenna Associates LLC (0.17%), Alliancebernstein L.P. (0.15%), Capital Advisors Inc. OK (0.08%) and Exchange Traded Concepts LLC (0.04%). Company insiders that own Invitae stock include Artur Bergman, 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.

NVTA stock was sold by a variety of institutional investors in the last quarter, including Compagnie Lombard Odier SCmA, OTA Financial Group L.P., Harel Insurance Investments & Financial Services Ltd., Oppenheimer & Co. Inc., Crestone Asset Management LLC, Cutler Group LP, Victory Capital Management Inc., and Arizona State Retirement System. Company insiders that have sold Invitae company stock in the last year include Artur Bergman, Eric Aguiar, Geoffrey Crouse, Jason W Myers, Katherine Stueland, Kenneth D Knight, Robert F Werner, Robert L Nussbaum, Sean E George, Shelly D Guyer, and Thomas Brida.
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NVTA stock was acquired by a variety of institutional investors in the last quarter, including Sumitomo Mitsui Trust Holdings Inc., Zweig DiMenna Associates LLC, Exchange Traded Concepts LLC, New York State Common Retirement Fund, Alliancebernstein L.P., State of Michigan Retirement System, Green Alpha Advisors LLC, and Dupont Capital Management Corp.
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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.
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One share of NVTA stock can currently be purchased for approximately $28.50.

Invitae has a market capitalization of $5.70 billion and generates $279.60 million in revenue each year. The medical research company earns $-602,170,000.00 in net income (profit) each year or ($2.78) on an earnings per share basis.

Invitae employs 2,100 workers across the globe.

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

Invitae is headquartered at 1400 16th Street, SAN FRANCISCO CA, 94103.

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]