Invitae Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Invitae in the last twelve months. There are currently 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Invitae stock.
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Wall Street analysts have given Invitae a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Invitae wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Invitae is scheduled to release its next quarterly earnings announcement on Tuesday, August 3rd 2021.
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Invitae Co. (NYSE:NVTA) announced its quarterly earnings results on Tuesday, May, 4th. The medical research company reported ($0.63) EPS for the quarter, missing the consensus estimate of ($0.60) by $0.03. The medical research company earned $103.60 million during the quarter, compared to analyst estimates of $101.46 million. Invitae had a negative trailing twelve-month return on equity of 81.19% and a negative net margin of 183.50%. The firm's quarterly revenue was up 61.2% on a year-over-year basis. During the same quarter in the previous year, the company earned ($1.03) earnings per share.
View Invitae's earnings history.

Invitae's stock was trading at $15.85 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, NVTA shares have increased by 72.3% and is now trading at $27.31.
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Invitae updated its FY 2021 After-Hours earnings guidance on Wednesday, February, 17th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $450 million, compared to the consensus revenue estimate of $488.37 million.

7 Wall Street analysts have issued 1-year price objectives for Invitae's stock. Their forecasts range from $35.00 to $58.00. On average, they expect Invitae's stock price to reach $46.17 in the next year. This suggests a possible upside of 69.0% 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), Burning Rock Biotech (BNR), Veracyte (VCYT), Fulgent Genetics (FLGT), Genetron (GTH), Castle Biosciences (CSTL), RadNet (RDNT), 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 a variety of institutional and retail investors. Top institutional investors include ARK Investment Management LLC (12.00%), Nikko Asset Management Americas Inc. (6.90%), Sumitomo Mitsui Trust Holdings Inc. (6.89%), Gilder Gagnon Howe & Co. LLC (3.49%), Perceptive Advisors LLC (2.68%) and Price T Rowe Associates Inc. MD (1.27%). 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.

NVTA stock was sold by a variety of institutional investors in the last quarter, including ARK Investment Management LLC, Perceptive Advisors LLC, Victory Capital Management Inc., Fred Alger Management LLC, Franklin Resources Inc., Gilder Gagnon Howe & Co. LLC, Mutual of America Capital Management LLC, and Allianz Asset Management GmbH. Company insiders that have sold Invitae company stock in the last year include E Lee Bendekgey, 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 Nikko Asset Management Americas Inc., Sumitomo Mitsui Trust Holdings Inc., Suvretta Capital Management LLC, Sectoral Asset Management Inc, Price T Rowe Associates Inc. MD, Rock Springs Capital Management LP, Geode Capital Management LLC, and Compagnie Lombard Odier SCmA.
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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 $27.31.

Invitae has a market capitalization of $5.46 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 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]