Natera Inc. (NASDAQ:NTRA) marked $49.59 per share on Tuesday, up from a previous closing price of $47.76. While Natera Inc. has overperformed by 3.83%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, NTRA fell by -55.85%, with highs and lows ranging from $129.09 to $26.10, whereas the simple moving average fell by -21.05% in the last 200 days.
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On April 25, 2022, Stephens started tracking Natera Inc. (NASDAQ: NTRA) recommending Overweight. A report published by Goldman on March 08, 2022, Initiated its previous ‘Buy’ rating for NTRA. Piper Sandler also rated NTRA shares as ‘Overweight’, setting a target price of $110 on the company’s shares in an initiating report dated January 06, 2022. Cowen Initiated an Outperform rating on October 15, 2021, and assigned a price target of $150. Raymond James initiated its ‘Mkt Perform’ rating for NTRA, as published in its report on June 15, 2021. Wells Fargo’s report from May 25, 2021 suggests a price prediction of $110 for NTRA shares, giving the stock a ‘Overweight’ rating. Truist also rated the stock as ‘Buy’.
Analysis of Natera Inc. (NTRA)
Further, the quarter-over-quarter increase in sales is 27.40%, showing a positive trend in the upcoming months.
In order to gain a clear picture of Natera Inc.’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of -97.00% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 4.10, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 1.37M can be a very valuable indicator of volatility for NTRA stock. On a monthly basis, the volatility of the stock is set at 6.91%, whereas on a weekly basis, it is put at 5.56%, with a gain of 10.47% over the past seven days. Furthermore, long-term investors anticipate a median target price of $85.20, showing growth from the present price of $49.59, which can serve as yet another indication of whether NTRA is worth investing in or should be passed over.
How Do You Analyze Natera Inc. Shares?
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 1.70%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 98.50% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in NTRA shares?
The recent increase in stakes in NTRA appears to be a result of several institutional investors and hedge funds increasing their positions. The Vanguard Group, Inc.’s position in NTRA has increased by 0.10% in the first quarter. The company now owns 7,667,781 shares of the stock, with a value of $271.75 million, following the purchase of 7,593 additional shares during the last quarter. Fred Alger Management LLC made another increased to its shares in NTRA during the first quarter, upping its stake by 27.58%. During the last quarter, the company picked up 1,300,637 additional shares for a total stake of worth $213.25 million, bringing number of shares owned by the company to 6,017,151.
During the first quarter, JPMorgan Investment Management, I added a 563,660 position in NTRA. BlackRock Fund Advisors purchased an additional 52513.0 shares in the last quarter, increasing its holdings by 1.36%, now holding 3.9 million shares worth $138.31 million. At the end of the first quarter, SSgA Funds Management, Inc. increased its NTRA holdings by 54.78% and now holds 2.83 million NTRA shares valued at $100.38 million with the added 1.0 million shares during the period. NTRA shares are owned by institutional investors to the tune of 98.50% at present.