Novadaq Technologies Inc. (NVDQ) Receives Consensus Recommendation of “Hold” from Analysts
Novadaq Technologies Inc. (NASDAQ:NVDQ) (TSE:NDQ) has been assigned an average rating of “Hold” from the sixteen brokerages that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, thirteen have given a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $12.00.
NVDQ has been the topic of a number of research analyst reports. First Analysis cut shares of Novadaq Technologies from an “overweight” rating to an “equal weight” rating in a report on Tuesday, June 20th. Royal Bank Of Canada cut shares of Novadaq Technologies from an “outperform” rating to a “sector perform” rating and cut their price objective for the stock from $12.00 to $11.75 in a report on Thursday, July 13th. Canaccord Genuity reissued a “buy” rating and set a $10.00 price objective on shares of Novadaq Technologies in a report on Monday, June 19th. JMP Securities reissued a “market perform” rating on shares of Novadaq Technologies in a report on Thursday, July 13th. Finally, Wedbush cut shares of Novadaq Technologies from an “outperform” rating to a “neutral” rating in a report on Monday, June 19th.
Novadaq Technologies (NASDAQ NVDQ) opened at 11.75 on Wednesday. The firm’s market cap is $679.41 million. Novadaq Technologies has a 52 week low of $5.84 and a 52 week high of $12.74. The firm’s 50-day moving average is $11.68 and its 200-day moving average is $9.03.
Several institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings in shares of Novadaq Technologies by 4.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,308,769 shares of the medical research company’s stock valued at $62,219,000 after acquiring an additional 243,261 shares during the period. FMR LLC grew its position in Novadaq Technologies by 30.5% in the 1st quarter. FMR LLC now owns 3,107,271 shares of the medical research company’s stock valued at $24,206,000 after buying an additional 726,288 shares during the last quarter. Janus Henderson Group PLC purchased a new position in Novadaq Technologies in the 2nd quarter valued at $32,663,000. Clearbridge Investments LLC grew its position in Novadaq Technologies by 0.4% in the 1st quarter. Clearbridge Investments LLC now owns 2,554,843 shares of the medical research company’s stock valued at $19,902,000 after buying an additional 9,371 shares during the last quarter. Finally, Sand Grove Capital Management LLP purchased a new position in Novadaq Technologies in the 2nd quarter valued at $27,072,000. 75.38% of the stock is currently owned by institutional investors and hedge funds.
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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