Novadaq Technologies Inc (NVDQ) Stock Rating Reaffirmed by Northland Securities
Novadaq Technologies Inc (NASDAQ:NVDQ) (TSE:NDQ)‘s stock had its “hold” rating reaffirmed by stock analysts at Northland Securities in a research note issued on Monday. They presently have a $11.75 target price on the medical research company’s stock. Northland Securities’ target price indicates a potential upside of 95.83% from the stock’s current price.
A number of other research firms also recently commented on NVDQ. Zacks Investment Research downgraded Novadaq Technologies from a “hold” rating to a “strong sell” rating in a report on Saturday, March 4th. Scotiabank reaffirmed an “outperform” rating and set a $18.00 target price on shares of Novadaq Technologies in a report on Wednesday, April 26th. Feltl & Co. downgraded Novadaq Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, March 1st. Royal Bank Of Canada set a $12.00 target price on Novadaq Technologies and gave the stock a “buy” rating in a report on Wednesday, March 1st. Finally, Stifel Nicolaus reduced their target price on Novadaq Technologies from $16.00 to $10.00 and set a “buy” rating on the stock in a report on Wednesday, March 1st. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Novadaq Technologies currently has a consensus rating of “Hold” and an average target price of $11.85.
Novadaq Technologies (NASDAQ:NVDQ) traded up 95.00% during midday trading on Monday, reaching $11.70. The company had a trading volume of 23,787,867 shares. Novadaq Technologies has a 12 month low of $5.84 and a 12 month high of $12.74. The firm’s market capitalization is $676.28 million. The firm’s 50-day moving average price is $7.04 and its 200 day moving average price is $7.19.
Novadaq Technologies (NASDAQ:NVDQ) (TSE:NDQ) last issued its quarterly earnings data on Wednesday, May 3rd. The medical research company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.21) by $0.03. Novadaq Technologies had a negative net margin of 71.97% and a negative return on equity of 49.93%. The business had revenue of $21.08 million for the quarter, compared to analyst estimates of $20.12 million. Equities analysts anticipate that Novadaq Technologies will post ($0.80) earnings per share for the current fiscal year.
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Several hedge funds have recently made changes to their positions in NVDQ. Quantitative Systematic Strategies LLC bought a new stake in shares of Novadaq Technologies during the first quarter valued at about $169,000. Granite Investment Partners LLC increased its stake in shares of Novadaq Technologies by 164.0% in the first quarter. Granite Investment Partners LLC now owns 462,676 shares of the medical research company’s stock valued at $3,605,000 after buying an additional 287,392 shares during the period. Two Sigma Investments LP increased its stake in shares of Novadaq Technologies by 46.0% in the fourth quarter. Two Sigma Investments LP now owns 78,244 shares of the medical research company’s stock valued at $555,000 after buying an additional 24,652 shares during the period. OLD National Bancorp IN increased its stake in shares of Novadaq Technologies by 22.3% in the first quarter. OLD National Bancorp IN now owns 62,266 shares of the medical research company’s stock valued at $485,000 after buying an additional 11,360 shares during the period. Finally, US Bancorp DE increased its stake in shares of Novadaq Technologies by 0.8% in the first quarter. US Bancorp DE now owns 46,899 shares of the medical research company’s stock valued at $365,000 after buying an additional 362 shares during the period. 88.25% of the stock is currently owned by institutional investors and hedge funds.
About Novadaq Technologies
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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