NuVasive, Inc. (NUVA) Forms $52.10 Double Bottom; Asia Tigers Fund (GRR) Has 1 Sentiment

January 22, 2018 - By Ellis Scott

NuVasive, Inc. (NUVA) formed double bottom with $50.02 target or 4.00% below today’s $52.10 share price. NuVasive, Inc. (NUVA) has $2.66 billion valuation. The stock increased 0.04% or $0.02 during the last trading session, reaching $52.1. About 364,029 shares traded. NuVasive, Inc. (NASDAQ:NUVA) has risen 33.31% since January 22, 2017 and is uptrending. It has outperformed by 16.61% the S&P500.

It closed at $13.25 lastly. It is down 37.03% since January 22, 2017 and is uptrending. It has outperformed by 20.33% the S&P500.

City Of London Investment Management Co Ltd holds 1.01% of its portfolio in The Asia Tigers Fund, Inc. for 1.12 million shares. Bulldog Investors Llc owns 172,630 shares or 0.62% of their US portfolio. Moreover, 1607 Capital Partners Llc has 0.13% invested in the company for 179,063 shares. The Illinois-based Css Llc Il has invested 0.01% in the stock. Thomas J. Herzfeld Advisors Inc., a Florida-based fund reported 2,000 shares.

Analysts await NuVasive, Inc. (NASDAQ:NUVA) to report earnings on February, 8. They expect $0.56 earnings per share, up 5.66% or $0.03 from last year’s $0.53 per share. NUVA’s profit will be $28.54 million for 23.26 P/E if the $0.56 EPS becomes a reality. After $0.52 actual earnings per share reported by NuVasive, Inc. for the previous quarter, Wall Street now forecasts 7.69% EPS growth.

Among 22 analysts covering Nuvasive Inc. (NASDAQ:NUVA), 18 have Buy rating, 0 Sell and 4 Hold. Therefore 82% are positive. Nuvasive Inc. has $9000 highest and $56 lowest target. $72.50’s average target is 39.16% above currents $52.1 stock price. Nuvasive Inc. had 64 analyst reports since July 29, 2015 according to SRatingsIntel. Needham downgraded NuVasive, Inc. (NASDAQ:NUVA) on Monday, August 28 to “Sell” rating. The rating was initiated by Aegis Capital on Wednesday, November 30 with “Buy”. Canaccord Genuity maintained the stock with “Buy” rating in Monday, October 23 report. The firm has “Buy” rating by Canaccord Genuity given on Tuesday, September 19. The rating was maintained by Jefferies with “Buy” on Wednesday, July 27. The firm has “Buy” rating given on Friday, July 28 by Cowen & Co. The rating was maintained by Canaccord Genuity on Wednesday, August 16 with “Buy”. RBC Capital Markets maintained NuVasive, Inc. (NASDAQ:NUVA) rating on Monday, October 9. RBC Capital Markets has “Buy” rating and $75.0 target. Canaccord Genuity maintained NuVasive, Inc. (NASDAQ:NUVA) rating on Thursday, January 4. Canaccord Genuity has “Buy” rating and $81.0 target. The stock of NuVasive, Inc. (NASDAQ:NUVA) earned “Buy” rating by Jefferies on Friday, July 28.

Since August 17, 2017, it had 0 insider purchases, and 1 sale for $256,621 activity. The insider HOWE LESLEY H sold 3,970 shares worth $256,621.

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