InVitae Corp (NVTA) reported quarterly earnings results on Monday, Aug-8-2016. The company reported $-0.77 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $-0.76. The company posted revenue of $5.60 million in the period, compared to analysts expectations of $5.81 million. The company’s revenue was up 211.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.76 EPS.
Many Wall Street Analysts have commented on InVitae Corp. The Benchmark Company Initiated InVitae Corp on Jun 30, 2016 to “Hold”, Price Target of the shares are set at $8.50.
InVitae Corp opened for trading at $8.45 and hit $8.77 on the upside on Friday, eventually ending the session at $8.65, with a gain of 2.49% or 0.21 points. The heightened volatility saw the trading volume jump to 47,277 shares. Company has a market cap of $277 M.
In a different news, on Jul 15, 2016, Patty Dumond (VP Fin. & Principal Acct. Off.) sold 1,000 shares at $8.79 per share price. According to the SEC, on Mar 2, 2016, Lisa Alderson (Chief Strategy Officer) sold 5,000 shares at $9.05 per share price. On Aug 13, 2015, Sean E George (COO) purchased 49,899 shares at $9.12 per share price, according to the Form-4 filing with the securities and exchange commission.
Invitae Corporation is a company that 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 physicians and their patients. The Company has two laboratories: one in San Francisco California and a second in Santiago Chile. The Company’s first product is an assay of 216 genes that can be used for multiple indications. The test includes multiple genes associated with hereditary cancer neurological disorders cardiovascular disorders and other hereditary conditions. The Company also offers panels for pediatric conditions such as Noonan spectrum disorders and ciliopathies.