Robert W. Baird set a $60.00 price objective on NuVasive, Inc. (NASDAQ:NUVA) in a research note released on Thursday morning. The firm currently has a hold rating on the medical device company’s stock.

Other analysts also recently issued research reports about the stock. Royal Bank Of Canada reissued a buy rating and set a $85.00 target price on shares of NuVasive in a research report on Thursday, July 20th. BidaskClub raised shares of NuVasive from a hold rating to a buy rating in a research report on Wednesday, July 19th. Jefferies Group LLC reissued a buy rating and set a $84.00 target price on shares of NuVasive in a research report on Friday, June 30th. Canaccord Genuity reissued a buy rating and set a $80.00 target price on shares of NuVasive in a research report on Friday, July 28th. Finally, Gabelli reissued a buy rating on shares of NuVasive in a research report on Monday, July 31st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of $76.62.

Shares of NuVasive (NASDAQ:NUVA) traded down 0.51% during midday trading on Thursday, hitting $50.82. 1,244,332 shares of the company’s stock were exchanged. NuVasive has a one year low of $49.25 and a one year high of $81.68. The firm has a market cap of $2.58 billion, a PE ratio of 80.03 and a beta of 1.03. The stock’s 50-day moving average price is $57.00 and its 200 day moving average price is $69.36.

NuVasive (NASDAQ:NUVA) last announced its quarterly earnings data on Thursday, July 27th. The medical device company reported $0.46 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.02. The business had revenue of $260.60 million for the quarter, compared to analyst estimates of $261.95 million. NuVasive had a net margin of 3.50% and a return on equity of 13.04%. The company’s revenue was up 10.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.40 EPS. Equities research analysts forecast that NuVasive will post $1.99 EPS for the current year.

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In other news, EVP Peter Michael Leddy acquired 7,850 shares of NuVasive stock in a transaction that occurred on Tuesday, August 1st. The shares were purchased at an average cost of $63.88 per share, for a total transaction of $501,458.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gregory T. Lucier acquired 5,000 shares of NuVasive stock in a transaction that occurred on Thursday, August 17th. The shares were purchased at an average price of $66.22 per share, for a total transaction of $331,100.00. 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 three months. Corporate insiders own 1.20% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in NUVA. FNY Partners Fund LP bought a new position in NuVasive during the first quarter worth $112,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in NuVasive by 9.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,901 shares of the medical device company’s stock worth $146,000 after purchasing an additional 158 shares during the last quarter. Howard Hughes Medical Institute lifted its stake in NuVasive by 82.8% during the second quarter. Howard Hughes Medical Institute now owns 2,066 shares of the medical device company’s stock worth $159,000 after purchasing an additional 936 shares during the last quarter. US Bancorp DE lifted its stake in NuVasive by 1.7% during the first quarter. US Bancorp DE now owns 2,401 shares of the medical device company’s stock worth $180,000 after purchasing an additional 41 shares during the last quarter. Finally, Honkamp Krueger Financial Services Inc. bought a new position in NuVasive during the second quarter worth $201,000.

About NuVasive

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.

Analyst Recommendations for NuVasive (NASDAQ:NUVA)

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