Invitae - NVTA Stock Forecast, Price & News

11 Wall Street 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 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 Wall Street research analysts have issued 12-month price objectives for Invitae's shares. Their NVTA share price forecasts range from $2.25 to $25.00. On average, they expect the company's stock price to reach $12.31 in the next year. This suggests a possible upside of 189.5% from the stock's current price.
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Invitae's stock was trading at $15.27 at the beginning of 2022. Since then, NVTA stock has decreased by 72.2% and is now trading at $4.25.
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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) issued its quarterly earnings data on Sunday, November, 7th. The medical research company reported ($0.91) earnings per share for the quarter, missing the consensus estimate of ($0.69) by $0.22. The medical research company had revenue of $114.40 million for the quarter, compared to analyst estimates of $126.56 million. Invitae had a negative net margin of 620.70% and a negative trailing twelve-month return on equity of 29.91%. The business's quarterly revenue was up 66.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.62) earnings per share.

Invitae issued an update on its second quarter 2022 earnings guidance on Tuesday, August, 2nd. The company provided earnings per share (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 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.

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 (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 $4.25.

Invitae (NYSE:NVTA) has a market capitalization of $999.90 million 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.