Novadaq Technologies Inc. (NASDAQ:NVDQ) has been assigned a consensus rating of “Buy” from the nine brokerages that are currently covering the firm. Two investment 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. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $13.50.

Several brokerages have recently commented on NVDQ. Canaccord Genuity restated a “buy” rating and set a $15.00 price target on shares of Novadaq Technologies in a research note on Monday, August 29th. Zacks Investment Research upgraded shares of Novadaq Technologies from a “hold” rating to a “strong-buy” rating and set a $10.00 price target on the stock in a research note on Wednesday, July 20th. Feltl & Co. upgraded shares of Novadaq Technologies from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 28th. Northland Securities restated an “underperform” rating and set a $7.00 price target on shares of Novadaq Technologies in a research note on Thursday, July 7th. Finally, Wedbush restated a “positive” rating and set a $17.00 price target on shares of Novadaq Technologies in a research note on Tuesday, September 20th.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. State Street Corp increased its stake in shares of Novadaq Technologies by 3.8% in the second quarter. State Street Corp now owns 26,664 shares of the company’s stock worth $262,000 after buying an additional 987 shares during the period. US Bancorp DE increased its stake in shares of Novadaq Technologies by 5.9% in the second quarter. US Bancorp DE now owns 20,725 shares of the company’s stock worth $203,000 after buying an additional 1,161 shares during the period. Geode Capital Management LLC increased its stake in shares of 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. UBS Group AG increased its stake in shares of Novadaq Technologies by 2.5% in the first quarter. UBS Group AG now owns 97,800 shares of the company’s stock worth $1,085,000 after buying an additional 2,425 shares during the period. Finally, Geduld E E increased its stake in shares of Novadaq Technologies by 20.0% in the second quarter. Geduld E E now owns 15,000 shares of the company’s stock worth $148,000 after buying an additional 2,500 shares during the period. Institutional investors and hedge funds own 88.64% of the company’s stock.

Shares of Novadaq Technologies (NASDAQ:NVDQ) opened at 11.01 on Thursday. Novadaq Technologies has a 52 week low of $8.26 and a 52 week high of $14.36. The firm’s market cap is $632.36 million. The stock has a 50 day moving average of $11.80 and a 200-day moving average of $10.78.

Novadaq Technologies (NASDAQ:NVDQ) last released its quarterly earnings data on Wednesday, July 27th. The company reported ($0.29) earnings per share 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 firm’s quarterly revenue was up 33.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.22) EPS. Equities research analysts expect that Novadaq Technologies will post ($0.73) earnings per share for the current year.

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.

5 Day Chart for NASDAQ:NVDQ

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