Novadaq Technologies Inc. (NASDAQ:NVDQ) has earned a consensus rating of “Buy” from the nine research firms that are presently covering the company. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $13.00.

A number of brokerages have issued reports on NVDQ. Feltl & Co. raised Novadaq Technologies from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 28th. Noble Financial cut Novadaq Technologies from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 3rd. Zacks Investment Research cut Novadaq Technologies from a “buy” rating to a “sell” rating in a report on Tuesday, August 2nd. Canaccord Genuity reaffirmed a “buy” rating and issued a $15.00 target price on shares of Novadaq Technologies in a report on Monday, August 29th. Finally, Wedbush reaffirmed a “positive” rating and issued a $17.00 target price on shares of Novadaq Technologies in a report on Tuesday, September 20th.

Several large investors have recently modified their holdings of NVDQ. US Bancorp DE boosted 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 valued at $203,000 after buying an additional 1,161 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in Novadaq Technologies by 813.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 24,854 shares of the company’s stock valued at $245,000 after buying an additional 22,132 shares in the last quarter. Wrapmanager Inc. boosted its stake in Novadaq Technologies by 24.0% in the second quarter. Wrapmanager Inc. now owns 20,496 shares of the company’s stock valued at $202,000 after buying an additional 3,968 shares in the last quarter. Brown Advisory Inc. boosted its stake in Novadaq Technologies by 1.9% in the second quarter. Brown Advisory Inc. now owns 621,322 shares of the company’s stock valued at $6,114,000 after buying an additional 11,480 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Novadaq Technologies by 4.8% in the second quarter. JPMorgan Chase & Co. now owns 7,237,890 shares of the company’s stock valued at $71,220,000 after buying an additional 331,049 shares in the last quarter. 88.59% of the stock is owned by institutional investors.

Novadaq Technologies (NASDAQ:NVDQ) opened at 8.88 on Thursday. The company’s market cap is $510.07 million. Novadaq Technologies has a 12-month low of $8.26 and a 12-month high of $14.36. The stock’s 50 day moving average price is $10.65 and its 200 day moving average price is $10.50.

Novadaq Technologies (NASDAQ:NVDQ) last announced its quarterly earnings data on Wednesday, November 2nd. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.16) by $0.03. Novadaq Technologies had a negative return on equity of 31.34% and a negative net margin of 55.26%. The business had revenue of $22.16 million for the quarter, compared to the consensus estimate of $22.21 million. During the same quarter in the prior year, the company earned ($0.11) earnings per share. Novadaq Technologies’s quarterly revenue was up 30.0% compared to the same quarter last year. Equities research analysts anticipate that Novadaq Technologies will post ($0.77) EPS 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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