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NYSE:NVTA

Invitae Stock Forecast, Price & News

$27.48
+1.39 (+5.33 %)
(As of 05/14/2021 10:03 AM ET)
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Today's Range
$26.26
$27.61
50-Day Range
$26.76
$40.40
52-Week Range
$15.12
$61.59
Volume14,878 shs
Average Volume4.40 million shs
Market Capitalization$5.49 billion
P/E RatioN/A
Dividend YieldN/A
Beta2.11
30 days | 90 days | 365 days | Advanced Chart
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Invitae logo

About Invitae

Invitae Corporation, a medical genetics company, integrates genetic information into healthcare decision-making by clinicians and patients in the United States, Canada, and internationally. The company offers genetic tests in various clinical areas, including hereditary cancer, cardiology, neurology, pediatrics, oncology, metabolic conditions, and rare diseases. It serves patients, healthcare providers, biopharma companies, and other 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.

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Industry, Sector and Symbol

Industry Medical laboratories
Sub-IndustryN/A
SectorMedical
CUSIPN/A
Phone415-374-7782
Employees2,100
Year FoundedN/A

Sales & Book Value

Annual Sales$216.82 million
Book Value$3.93 per share

Profitability

Net Income$-241,960,000.00
Net Margins-183.50%

Debt

Price-To-Earnings

Miscellaneous

Market Cap$5.49 billion
Next Earnings Date8/3/2021 (Estimated)
OptionableOptionable

MarketRank

Overall MarketRank

1.62 out of 5 stars

Medical Sector

413th out of 2,038 stocks

Medical Laboratories Industry

7th out of 38 stocks

Analyst Opinion: 3.3Community Rank: 2.5Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 0.6 5 -4 -3 -2 -1 -
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Invitae (NYSE:NVTA) Frequently Asked Questions

Is Invitae a buy right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Invitae in the last year. There are currently 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Invitae stock.
View analyst ratings for Invitae
or view top-rated stocks.

What stocks does MarketBeat like better than Invitae?

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.
View MarketBeat's top stock picks here.

When is Invitae's next earnings date?

Invitae is scheduled to release its next quarterly earnings announcement on Tuesday, August 3rd 2021.
View our earnings forecast for Invitae
.

How were Invitae's earnings last quarter?

Invitae Co. (NYSE:NVTA) announced its quarterly earnings data 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 earned $103.60 million during the quarter, compared to analyst estimates of $101.46 million. Invitae had a negative net margin of 183.50% and a negative trailing twelve-month return on equity of 81.19%. The firm's quarterly revenue was up 61.2% on a year-over-year basis. During the same period in the previous year, the firm posted ($1.03) earnings per share.
View Invitae's earnings history
.

How has Invitae's stock been impacted by Coronavirus?

Invitae's stock was trading at $15.85 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, NVTA shares have increased by 64.6% and is now trading at $26.09.
View which stocks have been most impacted by COVID-19
.

What guidance has Invitae issued on next quarter's earnings?

Invitae updated its FY 2021 After-Hours earnings guidance on Wednesday, February, 17th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $450 million, compared to the consensus revenue estimate of $488.37 million.

What price target have analysts set for NVTA?

7 equities research analysts have issued twelve-month target prices 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 twelve months. This suggests a possible upside of 77.0% from the stock's current price.
View analysts' price targets for Invitae
or view top-rated stocks among Wall Street analysts.

Who are Invitae's key executives?

Invitae's management team includes the following people:
  • Dr. Sean Emerson George, Co-Founder, Pres, CEO & Chairman (Age 47, Pay $666.79k)
  • Ms. Shelly D. Guyer, Chief Financial Officer (Age 61, Pay $566.77k)
  • Dr. Robert L. Nussbaum, Chief Medical Officer (Age 71, Pay $500.09k)
  • Mr. Lee Bendekgey, Chief Policy Officer (Age 63, Pay $566.77k)
  • Ms. Katherine A. Stueland, Chief Commercial Officer (Age 45, Pay $545.13k)
  • Mr. Alex Furman, Co-Founder, Culture Tsar & Head of People Analytics
  • Ms. Michele Cargill Ph.D., Co-Founder, Key Projects & Advisor to the CEO
  • Mr. Kenneth D. Knight, Chief Operating Officer (Age 60)
  • Mr. Robert F. Werner, Chief Accounting Officer & Principal Accounting Officer (Age 48)
  • Mr. Layton Wedgeworth, Chief Technology Officer

What is Sean George's approval rating as Invitae's CEO?

59 employees have rated Invitae CEO Sean George on Glassdoor.com. Sean George has an approval rating of 87% among Invitae's employees.

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), 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).

When did Invitae IPO?

(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 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 a variety of institutional and retail investors. Top institutional shareholders include ARK Investment Management LLC (12.00%), Nikko Asset Management Americas Inc. (6.90%), Sumitomo Mitsui Trust Holdings Inc. (6.89%), Geode Capital Management LLC (1.21%), Clearbridge Investments LLC (1.06%) and Northern Trust Corp (0.77%). 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
.

Which major investors are selling Invitae stock?

NVTA stock was sold by a variety of institutional investors in the last quarter, including ARK Investment Management LLC, Victory Capital Management Inc., Franklin Resources Inc., Mutual of America Capital Management LLC, Allianz Asset Management GmbH, Bank Julius Baer & Co. Ltd Zurich, Capital Wealth Alliance LLC, and Concorde Asset Management LLC. 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.
View insider buying and selling activity for Invitae
or view top insider-selling stocks.

Which major investors are buying Invitae stock?

NVTA stock was bought by a variety of institutional investors in the last quarter, including Nikko Asset Management Americas Inc., Sumitomo Mitsui Trust Holdings Inc., Geode Capital Management LLC, Compagnie Lombard Odier SCmA, Mirae Asset Global Investments Co. Ltd., Sloy Dahl & Holst LLC, Barclays PLC, and Citigroup Inc..
View insider buying and selling activity for Invitae
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Invitae's stock price today?

One share of NVTA stock can currently be purchased for approximately $26.09.

How much money does Invitae make?

Invitae has a market capitalization of $5.21 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.

How many employees does Invitae have?

Invitae employs 2,100 workers across the globe.

What is Invitae's official website?

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

Where are Invitae's headquarters?

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

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]


This page was last updated on 5/14/2021 by MarketBeat.com Staff
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