Northland Securities Reaffirms Their Hold Rating on Nevro (NVRO)


In a report released today, Suraj Kalia from Northland Securities maintained a Hold rating on Nevro (NVRO), with a price target of $48. The company’s shares opened today at $38.39, close to its 52-week low of $35.41.

According to TipRanks.com, Kalia is a 5-star analyst with an average return of 12.1% and a 59.2% success rate. Kalia covers the Healthcare sector, focusing on stocks such as Tactile Systems Technology, Obalon Therapeutics Inc, and Apollo Endosurgery Inc.

Nevro has an analyst consensus of Hold, with a price target consensus of $54.13, which is a 41.0% upside from current levels. In a report released today, J.P. Morgan also downgraded the stock to Hold with a $45 price target.

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Based on Nevro’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $10.62 million. In comparison, last year the company had a GAAP net loss of $6.23 million.

Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of NVRO in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Nevro Corp. engages in the provision of medical devices. It develops and commercializes senza spinal cord stimulation system, an evidence-based neuromodulation platform for the treatment of chronic pain. The company was founded by Konstantinos Alataris in March 2006 and is headquartered in Redwood City, CA.

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