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 2 sell ratings and 9 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 twelve-month price targets for Invitae's stock. Their NVTA share price forecasts range from $6.00 to $25.00. On average, they predict the company's share price to reach $13.56 in the next year. This suggests a possible upside of 204.8% from the stock's current price.
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Invitae's stock was trading at $15.27 at the start of the year. Since then, NVTA stock has decreased by 70.9% and is now trading at $4.45.
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The company is scheduled to release its next quarterly earnings announcement on Monday, November 14th 2022.
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Invitae Co. (NYSE:NVTA) posted its quarterly earnings data on Sunday, November, 7th. The medical research company reported ($0.91) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.69) by $0.22. The medical research company earned $114.40 million during the quarter, compared to analysts' expectations of $126.56 million. Invitae had a negative trailing twelve-month return on equity of 29.91% and a negative net margin of 620.70%. The business's revenue was up 66.4% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.62) earnings per share.

Invitae issued an update on its second quarter 2022 earnings guidance on Tuesday, August, 2nd. The company provided EPS guidance of for the period. The company issued revenue guidance of $136.00 million-$136.00 million, compared to the consensus revenue estimate of $142.74 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 (IPO) 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 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 institutional and retail investors. Top institutional shareholders include ARK Investment Management LLC (12.50%), Sumitomo Mitsui Trust Holdings Inc. (7.64%), Nikko Asset Management Americas Inc. (7.64%), Northern Trust Corp (0.93%), JPMorgan Chase & Co. (0.63%) and Renaissance Technologies LLC (0.59%). Insiders that own company 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 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 $4.45.

Invitae (NYSE:NVTA) has a market capitalization of $1.05 billion and generates $460.45 million in revenue each year. The medical research company earns $-379,010,000.00 in net income (profit) each year or ($13.48) on an earnings per share basis.

The company employs 3,000 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 (415) 374-7782 or via email at ir@invitae.com.