Economy

NuVasive, Inc. (NASDAQ:NUVA) Quarterly EPS Review

A number of other analysts also recently issued reports on NUVA. On July 25 Morgan Stanley left the company rating at "Equal-Weight" but moved up the price target to $88.00 from $84.00. BTIG Research reissued a "buy" rating and set a $74.00 target price (down previously from $82.00) on shares of NuVasive in a report on Wednesday, October 4th. Royal Bank Of Canada reissued a "buy" rating and set a $75.00 target price on shares of NuVasive in a report on Tuesday, October 10th. (NASDAQ:NUVA), 18 have Buy rating, 1 Sell and 3 Hold. The stock has an average rating of Buy and a consensus price target of $72.67.

NuVasive (NUVA) traded down 1.10% during mid-day trading on Wednesday, hitting $58.51. It increased, as 47 investors sold C.H. Robinson Worldwide Inc shares while 131 reduced holdings. NuVasive has a 52-week low of $49.25 and a 52-week high of $81.68. The stock has a 50 day moving average of $55.70 and a 200 day moving average of $68.25. The company has market cap of $1.59 billion.

The stock increased 0.51% or $0.4 during the last trading session, reaching $78.83. The medical device company reported $0.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.36 by $0.04. A statistical measure of the dispersion of returns (volatility) for NUVA producing salvation in Investors mouth, it has week volatility of 2.78% and for the month booked as 3.44%. The company's revenue was up 3.3% compared to the same quarter past year.

Looking forward, the company's quarterly earnings are expected to come at $0.48 in the three months through September 2017 and $0.67 in the quarter ending December 2017, reflecting 20% and 26.42% growth, respectively. On average, equities analysts anticipate that NuVasive will post $1.99 EPS for the current year.

NuVasive, Inc.is medical device company, which engages in the development of minimally-disruptive surgical products and procedurally-integrated solutions for spine surgery. If you are viewing this report on another website, it was stolen and reposted in violation of USA and global copyright law. Tiaa Cref Investment Ltd Liability Com invested 0.03% of its portfolio in NuVasive, Inc.

NuVasive declared that its board has approved a stock buyback program on Tuesday, October 24th that authorizes the company to repurchase $100.00 million in shares. The PE ratio of 95.11 helps investors explore how much they should pay for a stock based on its current earnings.

In other news, CEO Gregory T. Lucier bought 2,000 shares of the stock in a transaction on Tuesday, August 29th.

EPS is the portion of a company's profit allocated to each exceptional share of common stock. The stock was purchased at an average cost of $61.52 per share, with a total value of $123,040.00.

Since June 7, 2017, it had 0 insider purchases, and 1 insider sale for $1.18 million activity. NUVA stock price revealed pessimistic move of -15.24% comparing average price of last 200 days.

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its position in NuVasive by 1.3% in the second quarter. After the latest session, which saw the stock close at a price of $54.59, NUVA sits below its 52-week high.

The company now has an insider ownership of 0.3 Percent and Institutional ownership of 0 Percent. Commonwealth Equity Services Inc holds 0% or 8,934 shares in its portfolio. The original version of this news story can be accessed at https://weekherald.com/2017/10/26/nuvasive-inc-nuva-given-sell-rating-at-needham-company-llc.html. Finally, Public Employees Retirement System of OH grew its position in shares of NuVasive by 68.3% during the second quarter. Northern Trust Corp now owns 837,154 shares of the medical device company's stock worth $64,393,000 after acquiring an additional 21,340 shares in the last quarter.



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