NuVasive Updates 2017 Guidance; Announces $100 Mln Share Repurchase Program

Nuvasive Inc

Jefferies Group LLC reissued a buy rating and set a $84.00 price target on shares of NuVasive in a report on Friday, June 30th. Finally, Gabelli reissued a buy rating on shares of NuVasive in a report on Monday, July 31st. Royal Bank Of Canada reissued a "buy" rating and set a $75.00 target price on shares of NuVasive in a report on Tuesday, October 10th. Finally, Needham & Company LLC cut NuVasive from a "hold" rating to an "underperform" rating in a report on Monday, August 28th. The stock has an average rating of Buy and a consensus price target of $72.67. The 20-day Stochastic %k measure, which sits at 61.42%, tells a similar story, and suggests that NUVA now trades in neutral territory. It increased, as 47 investors sold C.H. Robinson Worldwide Inc shares while 131 reduced holdings.

NuVasive, Inc. (NASDAQ:NUVA), stock is trading $81.68 above the 52-week high and has displayed a high EPS growth of 19.10% in last 5 years. The firm is having a distance of 0.65% form 20 day moving average, SMA 50 of -6.25% and a SMA 200 of -21.86%.

The most current P/E ratio is 85.97 and the market cap of the company is 2.77B. The analysts estimated EPS for the higher end at 0.75 and lower end at 0.62 while the year ago reported earnings per share was 0.62.

Currently, the company expects to report revenue growth of 7.2%, lower than the earlier expected rate of 11.1% at CER to approximately $1.030 billion (earlier it was $1.065 billion) in 2017. A statistical measure of the dispersion of returns (volatility) for NUVA producing salvation in Investors mouth, it has week volatility of 2.78% and for the month booked as 3.44%. The firm's quarterly revenue was up 3.3% compared to the same quarter a year ago. Insiders owns 0.30% shares of the company. The 1 year EPS growth rate is -45.70%.

Nuvasive, a medical device company. The correct version of this news story can be read at If you are viewing this news story on another domain, it was stolen and republished in violation of USA and worldwide copyright laws.

A few better-ranked stocks in the broader medical sector are PetMed Express, Inc.

NuVasive announced that its Board of Directors has initiated a share buyback program on Tuesday, October 24th that allows the company to repurchase $100.00 million in shares.

Tesla slapped with labor complaint by UAW
The labor group charges the company swept up many pro-union workers when it fired several hundred workers in the last two weeks. Total orders for the supposedly wallet-friendly vehicle tumbled to 455,000 from a high of 518,000.

Administration proposes raising entrance fees at national parks
On Capitol Hill, top Democrats who serve on key committees that oversee the national parks were quick to condemn the new fee plan. BidaskClub upgraded Park National from a "hold" rating to a "buy" rating in a research note on Friday, September 29th.

Pope Francis makes video call to astronauts in Space Station
In his response, the Pope said Mr Bresnik had "managed to understand that the Earth is too fragile and it passes in a moment". Ryazanskiy's grandfather had worked on the launch of the world's first artificial satellite, Sputnik, which launched in 1957.

In a note sent to clients and investors on 25 October, The Buy rating of Nuvasive Inc (NDAQ:NUVA) shares was reaffirmed by Canaccord Genuity, who now has a $70.00 target price per share on the stock. Stock repurchase programs are usually an indication that the company's management believes its stock is undervalued.

In other NuVasive news, CEO Gregory T. Lucier purchased 2,000 shares of the business's stock in a transaction on Tuesday, August 29th. The stock was bought at an average price of $63.88 per share, for a total transaction of $501,458.00.

Active and passive shareholders always require every bit of information available regarding his chosen security and this include keeping close watch on fundamental and technical data. The stock traded within a range of $56.93 and $59.93.

Since June 7, 2017, it had 0 insider purchases, and 1 insider sale for $1.18 million activity.

A number of hedge funds have recently modified their holdings of the business. Nuvasive Inc. had 4 analyst reports since April 12, 2017 according to SRatingsIntel. The overall volume in the last trading session was 4.36 million shares. The biggest holder now is Caisse De Depot Et Placement Du Quebec who owns 2,024,941 shares (3.99% of those outstanding), whilst Dr. Arda M. Minocherhomjee, PhD holds 798,834 (1.57% of shares outstanding) and Alexis V. Lukianov holds 328,367 (0.65% of shares outstanding). TIAA CREF Investment Management LLC boosted its stake in shares of NuVasive by 118.7% during the 2nd quarter.

Total shares held by institutions as of the most recent company filings are 58,154,178 with a reported 7,746,329 bought and 4,287,279 sold. NuVasive, Inc. (NASDAQ:NUVA) has a 20-Day average volume of 1.66 Million. This showed a surprise of 8.3% in the last quarter earnings. Finally, Public Employees Retirement System of OH grew its position in shares of NuVasive by 68.3% during the second quarter. Guggenheim Capital Ltd Liability Co holds 0.03% of its portfolio in NuVasive, Inc.

NUVASIVE is a medical device company focused on the design, development and marketing of products for the surgical treatment of spine disorders.

Related News:

  • FEC approves 2018 Budget proposal

    FEC approves 2018 Budget proposal

    The government has increased spending on infrastructure in the last few years in an attempt to diversify its oil-dependent economy.
    Phillies 'Zeroing In' On Dusty Wathan

    Phillies 'Zeroing In' On Dusty Wathan

    The Phillies are "zeroing in" on Triple A manager Dusty Wathan to fill their vacancy, according to Bob Nightengale of USA Today . Approximately a dozen candidates have been interviewed for the manager job in a search led by general manager Matt Klentak.
    ACIP recommends 3rd MMR vaccine dose amid outbreaks

    ACIP recommends 3rd MMR vaccine dose amid outbreaks

    The vote recommending a preference for Glaxo's vaccine over Merck's single-dose Zostavax was unusually close, 8-7. Before the USA mumps vaccination program started in 1967, the CDC received reports of 186,000 cases each year.
  • Nick Grimshaw's Radio 1 show gets worst ever listening figures

    Nick Grimshaw's Radio 1 show gets worst ever listening figures

    However, the programme attracted 7 million listeners when the 33 year old took over the hot seat in September 2012. DAB digital listening is at a record level of 36% of all radio listening and 74% of all digital listening.
    Jay Cutler expected to be 'available' Week 9 despite cracked ribs

    Jay Cutler expected to be 'available' Week 9 despite cracked ribs

    When we get through Thursday, we've got our bye weekend. "I'm not even ready to go anywhere near anything at quarterback". Cutler , in his first season with the Dolphins, is 113-180 for 995 yards and seven touchdowns to five interceptions.
    Unrepentant Max Verstappen regrets choice of words in USA  outburst

    Unrepentant Max Verstappen regrets choice of words in USA outburst

    Lewis Hamilton , who will be crowned world champion here on Sunday if he finishes fifth, believes Verstappen will learn from his errors.
  • Vodafone Rs 69 SuperWeek plan launched

    Vodafone Rs 69 SuperWeek plan launched

    A few months back Vodafone had launched a tariff plan of Rs 149 and now it has come up with two new offers at Rs 181 and Rs 195. Not long ago, Vodafone even collaborated with Micromax to introduce 4G-feature phone Bharat-2 Ultra at Rs. 999.

    The Whiting Petroleum Corporation (WLL) Rating Reiterated by BMO Capital Markets

    South Africa-based Old Mutual Customised Solutions (Proprietary) Ltd has invested 0.01% in Whiting Petroleum Corp (NYSE: WLL ). California-based California Pub Employees Retirement Sys has invested 0.01% in Whiting Petroleum Corp (NYSE: WLL ).
    Tips for Trick-or-treaters with Food Allergies

    Tips for Trick-or-treaters with Food Allergies

    Always have an epinephrine auto-injector available, if prescribed. Avoid candy and treats that do not have an ingredient label. A final tip? Check candy before children start snacking.
  • Hot gangbanger's mugshot could get her sprung

    Hot gangbanger's mugshot could get her sprung

    Everybody's on here talking about how she's pretty". "I'm sending her some money for her books", began one fan. She's been charged with carrying a concealed firearm and carrying a stolen firearm - both are felonies.
    AJ Hinch denies report of involvement in hotel bar altercation

    AJ Hinch denies report of involvement in hotel bar altercation

    Police were called to the Houston Astros team hotel after Game 1 Tuesday night to respond to an altercation between manager A.J. Hinch can still face punishment from Major League Baseball or the Astros, though, but we'll have to wait and see about that.

    What's Fueling Investor Confidence? - FirstEnergy Corp. (FE), Mattel, Inc. (MAT)

    The business had revenue of $974.50 million for the quarter, compared to analyst estimates of $972.36 million. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website .

Most liked

Conjoined Twins Separated Successfully In A Breakthrough Surgery
Sources said that next 15 to 18 days are "critical" for the twin brothers for whom prayers are pouring in from across Odisha. Mahapatra, head of neurosurgery at the AIIMS who led the team.

CIA says no JFK records will be withheld in full
Kennedy Assassination Records (records) so that the people may finally be fully informed about all aspects of this pivotal event. The National Archives has released some of the long-secret records relating to the 1963 assassination of President John F.

Iraqi Military Takes on IS in 'Last Big Fight'
United Nations officials said on 1 October that people fleeing reported that conditions in IS-held areas were becoming critical. Capping off the top five in the Soufan Group's report is Saudi Arabia, which increased from 2,500 fighters in 2015 to 3,244.

Sony's A7R III packs big improvements into a familiar package
The camera has an updated BIONZ X processing engine that is 1.8 times faster than the processing engine in the outgoing A7R II. The a7R III is expected to ship from November for about $3200 in the USA (approximately ₹2,07,360).

Navy rescues couple, dogs after months adrift at sea
The fishing boat radioed their position to Coast Guard Sector Guam, which diverted the USS Ashland to rescue to drifting mariners. They had an engine casualty May 30 during bad weather but continued on, believing they could make it to land by sail.

Four including CRPF jawan injured in 2 grenade attacks
Meanwhile yesterday militants tonight shot at and injured a policeman in south Kashmir's Shopian district, police said here. Since their independence from Britain, the two countries have fought three wars, two exclusively over Kashmir.

Oxbow Advisors LLC Lowers Position in Enbridge Energy Management LLC (EEQ)
The stock of Enbridge Energy Partners, L.P. (NYSE:EEP) has "Overweight" rating given on Wednesday, September 7 by Simmons & Co. RBC Capital Markets maintained Enbridge Energy Partners, L.P. (NYSE:EEP) on Sunday, September 17 with "Hold" rating.

The Crown reveals star Claire Foy's replacement for season 3 and 4
Colman's reign would begin in 2019, according to the Daily Mail , which first reported the change-up. English actress Olivia Colman has joined the cast of The Crown for seasons three and four .

Brand new "mega-carnivore" dinosaur discovered in Africa
The theropod tracks, the largest known in Africa, were found in Lesotho - a small landlocked kingdom surrounded by South Africa. The UCT-led team included scientists from England's University of Manchester and the Universidade de São Paulo in Brazil.

Manhunt After House Sitter, 28, Shot in St. Charles Burglary: Cops
Officials locked down Milpitas High School Thursday afternoon after there were reports of guns on campus. His injury was not considered life-threatening and he was conscious and breathing when officers arrived.

Tamar Braxton's Firing From 'The Real' Caused Vince Divorce Filing
While Braxton is apparently nursing the end of her almost 10-year marriage, she has a new home to focus on. She and Vincent have been married for almost 9 years - they're one month shy of their anniversary.

Ex-Air Force Officer To Oversee Puerto Rico's Power Restoration
Andrew Cuomo headed back to Puerto Rico on Thursday for the second time since the US territory was walloped by Hurricane Maria . Puerto Rico has a smaller population - about 3.4 million - but the blackout has lasted for a much longer stretch of time.

Police investigating reports of armed person, potential hostage situation in downtown Toronto
Police say that they have been unable to make contact with anyone inside the establishment at this point. Police said that they were told that the suspect may have taken someone inside with them at the time.

Powerball jackpot ticket worth $191 million sold in Eunice
Check those numbers, the winning ticket for Wednesday's Powerball Jackpot worth more than $191 million was sold in Louisiana. The next Lotto 47 drawing is Saturday, Oct. 28 at 7:29 p.m. with a jackpot of $4.05 million.

'Tottenham Hotspur have no chance without Harry Kane'
These two Premier League ever presents face off for the 51 time in this division on Saturday. Overall in the Premier League era, United have won 32 to Spurs' seven, with 11 draws.