NuVasive, Inc. (NASDAQ:NUVA) CEO Gregory T. Lucier acquired 2,000 shares of the firm’s stock in a transaction on Tuesday, August 29th. The stock was bought at an average price of $61.52 per share, for a total transaction of $123,040.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of NuVasive, Inc. (NUVA) traded down 0.78% during midday trading on Wednesday, reaching $59.72. 278,024 shares of the company’s stock were exchanged. NuVasive, Inc. has a 12 month low of $56.70 and a 12 month high of $81.68. The firm has a 50 day moving average price of $65.55 and a 200 day moving average price of $72.74. The company has a market cap of $3.03 billion, a P/E ratio of 94.05 and a beta of 1.08.
NuVasive (NASDAQ:NUVA) last released its quarterly earnings data on Thursday, July 27th. The medical device company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.44 by $0.02. NuVasive had a return on equity of 13.04% and a net margin of 3.50%. The company had revenue of $260.60 million for the quarter, compared to analysts’ expectations of $261.95 million. During the same period last year, the firm posted $0.40 earnings per share. NuVasive’s revenue was up 10.3% compared to the same quarter last year. Equities research analysts forecast that NuVasive, Inc. will post $2.00 earnings per share for the current fiscal year.
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Hedge funds have recently bought and sold shares of the business. Westside Investment Management Inc. bought a new position in NuVasive in the first quarter valued at about $109,000. FNY Partners Fund LP bought a new position in NuVasive in the first quarter valued at about $112,000. Neuburgh Advisers LLC lifted its holdings in NuVasive by 18.3% in the first quarter. Neuburgh Advisers LLC now owns 1,552 shares of the medical device company’s stock valued at $116,000 after acquiring an additional 240 shares during the period. SpiderRock Advisors LLC bought a new position in NuVasive in the first quarter valued at about $124,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in NuVasive by 9.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,901 shares of the medical device company’s stock valued at $146,000 after acquiring an additional 158 shares during the period.
Several equities analysts have commented on NUVA shares. Cowen and Company reiterated an “outperform” rating and issued a $90.00 price objective (up from $85.00) on shares of NuVasive in a report on Wednesday, June 28th. Robert W. Baird downgraded shares of NuVasive from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $79.00 to $72.00 in a research note on Friday, July 28th. Gabelli restated a “buy” rating on shares of NuVasive in a research note on Monday, July 31st. Royal Bank Of Canada restated a “buy” rating and issued a $85.00 price target on shares of NuVasive in a research note on Thursday, July 20th. Finally, Zacks Investment Research downgraded shares of NuVasive from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $80.42.
Nuvasive, Inc is a medical device company. The Company focuses on developing minimally-disruptive surgical products and procedurally-integrated solutions for the spine surgery. Its product portfolio focuses on applications for spine fusion surgery, including biologics used to aid in the spinal fusion process.
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