NuVasive, Inc. (NASDAQ:NUVA) – Stock analysts at Leerink Swann lowered their Q3 2017 earnings per share (EPS) estimates for shares of NuVasive in a research note issued to investors on Wednesday. Leerink Swann analyst R. Newitter now anticipates that the medical device company will earn $0.44 per share for the quarter, down from their prior estimate of $0.47. Leerink Swann currently has a “Buy” rating and a $74.00 target price on the stock. Leerink Swann also issued estimates for NuVasive’s Q4 2017 earnings at $0.67 EPS, FY2017 earnings at $1.95 EPS, Q1 2018 earnings at $0.45 EPS, Q2 2018 earnings at $0.58 EPS, Q3 2018 earnings at $0.64 EPS, Q4 2018 earnings at $0.78 EPS, FY2018 earnings at $2.45 EPS and FY2019 earnings at $3.04 EPS.

NuVasive (NASDAQ:NUVA) last posted its earnings results on Thursday, July 27th. The medical device company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.02. NuVasive had a net margin of 3.50% and a return on equity of 13.04%. The company had revenue of $260.60 million during the quarter, compared to analysts’ expectations of $261.95 million. During the same quarter in the previous year, the company posted $0.40 earnings per share. NuVasive’s quarterly revenue was up 10.3% compared to the same quarter last year.

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A number of other analysts also recently weighed in on the stock. Cowen and Company reaffirmed an “outperform” rating and set a $83.00 price target on shares of NuVasive in a report on Monday. Royal Bank Of Canada reaffirmed a “buy” rating and set a $75.00 price target on shares of NuVasive in a report on Friday, September 8th. BTIG Research began coverage on shares of NuVasive in a report on Thursday, September 7th. They set a “buy” rating and a $82.00 price target for the company. Needham & Company LLC downgraded shares of NuVasive from a “hold” rating to an “underperform” rating in a report on Monday, August 28th. Finally, Piper Jaffray Companies reaffirmed an “overweight” rating and set a $90.00 price target on shares of NuVasive in a report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the stock. NuVasive presently has an average rating of “Buy” and a consensus target price of $79.92.

NuVasive (NASDAQ:NUVA) opened at 53.67 on Thursday. NuVasive has a 1-year low of $52.85 and a 1-year high of $81.68. The company has a market cap of $2.73 billion, a PE ratio of 84.52 and a beta of 1.08. The stock has a 50 day moving average of $62.55 and a 200-day moving average of $71.98.

Several hedge funds have recently added to or reduced their stakes in the company. Navellier & Associates Inc raised its stake in shares of NuVasive by 5.2% during the second quarter. Navellier & Associates Inc now owns 74,387 shares of the medical device company’s stock valued at $5,722,000 after acquiring an additional 3,696 shares during the last quarter. Broadfin Capital LLC bought a new position in shares of NuVasive during the second quarter valued at $4,300,000. Dynamic Technology Lab Private Ltd bought a new position in shares of NuVasive during the second quarter valued at $501,000. Public Employees Retirement System of Ohio raised its stake in shares of NuVasive by 68.3% during the second quarter. Public Employees Retirement System of Ohio now owns 115,372 shares of the medical device company’s stock valued at $8,874,000 after acquiring an additional 46,805 shares during the last quarter. Finally, Disciplined Growth Investors Inc. MN raised its stake in shares of NuVasive by 4.3% during the second quarter. Disciplined Growth Investors Inc. MN now owns 70,657 shares of the medical device company’s stock valued at $5,435,000 after acquiring an additional 2,922 shares during the last quarter.

In other NuVasive news, CEO Gregory T. Lucier purchased 5,000 shares of the company’s stock in a transaction dated Thursday, August 17th. The stock was purchased at an average price of $66.22 per share, with a total value of $331,100.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gregory T. Lucier purchased 2,000 shares of the company’s stock in a transaction dated Tuesday, August 29th. The shares were acquired at an average cost of $61.52 per share, with a total value of $123,040.00. The disclosure for this purchase can be found here. Insiders have bought 14,850 shares of company stock valued at $955,598 in the last ninety days. Insiders own 1.20% of the company’s stock.

NuVasive Company Profile

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.

Earnings History and Estimates for NuVasive (NASDAQ:NUVA)

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