Leerink Swann Weighs in on InVitae Corp’s Q1 2019 Earnings (NYSE:NVTA)

InVitae Corp (NYSE:NVTA) – Investment analysts at Leerink Swann issued their Q1 2019 earnings estimates for InVitae in a research note issued to investors on Tuesday, according to Zacks Investment Research. Leerink Swann analyst P. Souda forecasts that the medical research company will earn ($0.41) per share for the quarter. Leerink Swann has a “Outperform” rating and a $10.00 price objective on the stock. Leerink Swann also issued estimates for InVitae’s Q2 2019 earnings at ($0.38) EPS, Q3 2019 earnings at ($0.33) EPS and Q4 2019 earnings at ($0.21) EPS.

Several other research analysts have also commented on NVTA. Zacks Investment Research lowered shares of InVitae from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 17th. BidaskClub lowered shares of InVitae from a “buy” rating to a “hold” rating in a report on Thursday, October 26th. Ladenburg Thalmann Financial Services initiated coverage on shares of InVitae in a report on Friday, January 5th. They issued a “buy” rating and a $15.00 price target for the company. Benchmark decreased their price target on shares of InVitae from $16.00 to $11.00 and set a “buy” rating for the company in a report on Tuesday, January 16th. Finally, ValuEngine lowered shares of InVitae from a “sell” rating to a “strong sell” rating in a report on Friday, February 2nd. Three research analysts have rated the stock with a sell rating and four have assigned a buy rating to the stock. InVitae currently has an average rating of “Hold” and an average price target of $12.40.

Shares of InVitae (NYSE NVTA) opened at $6.24 on Wednesday. InVitae has a 1 year low of $5.91 and a 1 year high of $11.88. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.61 and a quick ratio of 2.61. The firm has a market cap of $330.38, a PE ratio of -2.44 and a beta of 0.81.

A number of institutional investors have recently bought and sold shares of NVTA. Teacher Retirement System of Texas acquired a new position in InVitae during the 4th quarter valued at about $116,000. Lakeview Capital Partners LLC acquired a new position in InVitae during the 3rd quarter valued at about $117,000. Gabelli Funds LLC acquired a new position in InVitae during the 3rd quarter valued at about $131,000. State Board of Administration of Florida Retirement System acquired a new position in InVitae during the 3rd quarter valued at about $133,000. Finally, CAPROCK Group Inc. acquired a new position in InVitae during the 3rd quarter valued at about $139,000. 64.89% of the stock is owned by hedge funds and other institutional investors.

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InVitae Company Profile

Invitae Corporation utilizes an integrated portfolio of laboratory processes, software tools and informatics capabilities to process deoxyribonucleic acid (DNA)-containing samples, analyze information about patient-specific genetic variation and generate test reports for clinicians and their patients.

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Earnings History and Estimates for InVitae (NYSE:NVTA)

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