Novadaq Technologies Inc. (NVDQ) Given Positive Rating at Wedbush
Novadaq Technologies Inc. (NASDAQ:NVDQ)‘s stock had its “positive” rating restated by Wedbush in a note issued to investors on Tuesday.
A number of other equities analysts have also recently weighed in on NVDQ. JMP Securities assumed coverage on Novadaq Technologies in a report on Wednesday, June 1st. They issued a “mkt outperform” rating for the company. Zacks Investment Research cut Novadaq Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, July 13th. Canaccord Genuity reaffirmed a “buy” rating and issued a $15.00 price target on shares of Novadaq Technologies in a report on Thursday, July 28th. Northland Securities reaffirmed an “underperform” rating and issued a $7.00 price target on shares of Novadaq Technologies in a report on Thursday, July 7th. Finally, Feltl & Co. raised Novadaq Technologies from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 28th. Two equities research analysts have rated the stock with a sell rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $13.42.
Novadaq Technologies (NASDAQ:NVDQ) opened at 11.72 on Tuesday. Novadaq Technologies has a one year low of $8.26 and a one year high of $14.36. The company’s market capitalization is $673.14 million. The stock’s 50 day moving average price is $11.56 and its 200-day moving average price is $10.58.
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Novadaq Technologies (NASDAQ:NVDQ) last issued its quarterly earnings data on Wednesday, July 27th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.14) by $0.15. The company earned $20.12 million during the quarter, compared to analyst estimates of $19.97 million. Novadaq Technologies had a negative net margin of 49.45% and a negative return on equity of 25.28%. The business’s quarterly revenue was up 33.5% compared to the same quarter last year. During the same period last year, the firm earned ($0.22) EPS. Equities analysts forecast that Novadaq Technologies will post ($0.73) EPS for the current year.
Several large investors have recently bought and sold shares of NVDQ. Bank of New York Mellon Corp raised its stake in Novadaq Technologies by 14.3% in the second quarter. Bank of New York Mellon Corp now owns 41,529 shares of the company’s stock worth $407,000 after buying an additional 5,185 shares during the period. Bellevue Group AG bought a new stake in Novadaq Technologies during the first quarter worth about $2,994,000. Envestnet Asset Management Inc. raised its stake in Novadaq Technologies by 9.8% in the first quarter. Envestnet Asset Management Inc. now owns 19,154 shares of the company’s stock worth $212,000 after buying an additional 1,717 shares during the period. Geode Capital Management LLC raised its stake in Novadaq Technologies by 8.0% in the first quarter. Geode Capital Management LLC now owns 22,372 shares of the company’s stock worth $248,000 after buying an additional 1,665 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in Novadaq Technologies by 159.8% in the first quarter. Goldman Sachs Group Inc. now owns 343,073 shares of the company’s stock worth $3,805,000 after buying an additional 916,338 shares during the period. Institutional investors and hedge funds own 88.64% of the company’s stock.
Novadaq Technologies Company Profile
Novadaq Technologies Inc is a medical device company. The Company primarily develops, manufactures and markets real-time fluorescence imaging products that are designed for use by surgeons in the operating room and other clinical settings where open and minimally invasive surgery or interventional procedures are performed.
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