Shares of NuVasive, Inc. (NASDAQ:NUVA) have been given a consensus recommendation of “Hold” by the fifteen analysts that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $67.17.
Several research firms have recently issued reports on NUVA. JPMorgan Chase & Co. dropped their price objective on shares of NuVasive from $70.00 to $60.00 and set a “neutral” rating for the company in a research report on Thursday. Needham & Company LLC reiterated a “buy” rating on shares of NuVasive in a research report on Thursday, July 29th.
Shares of NUVA opened at $56.37 on Thursday. The company has a current ratio of 3.95, a quick ratio of 2.30 and a debt-to-equity ratio of 1.05. The firm’s 50-day moving average is $59.66 and its two-hundred day moving average is $64.58. NuVasive has a twelve month low of $43.11 and a twelve month high of $72.61. The firm has a market capitalization of $2.91 billion, a P/E ratio of 2,819.91, a PEG ratio of 3.08 and a beta of 1.32.
A number of institutional investors have recently made changes to their positions in NUVA. Crossmark Global Holdings Inc. grew its stake in NuVasive by 145.3% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 9,050 shares of the medical device company’s stock valued at $207,000 after purchasing an additional 5,360 shares during the period. Parametric Portfolio Associates LLC grew its position in NuVasive by 5.0% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 72,815 shares of the medical device company’s stock worth $4,935,000 after acquiring an additional 3,449 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in NuVasive in the 2nd quarter worth approximately $239,000. Marshall Wace LLP lifted its stake in shares of NuVasive by 803.3% in the 2nd quarter. Marshall Wace LLP now owns 46,675 shares of the medical device company’s stock valued at $3,164,000 after purchasing an additional 41,508 shares during the period. Finally, KB Financial Partners LLC raised its stake in NuVasive by 36.7% during the second quarter. KB Financial Partners LLC now owns 4,449 shares of the medical device company’s stock valued at $302,000 after buying an additional 1,195 shares during the last quarter.
NuVasive, Inc engages in the development, manufacture, sale, and provision of procedural solutions for spine surgery. It offers a comprehensive portfolio of procedurally integrated spine surgery solutions, including surgical access instruments, spinal implants, fixation systems, biologics, and enabling technologies, as well as systems and services for intraoperative neuromonitoring.
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