BTIG Research Reaffirms “Hold” Rating for Novadaq Technologies Inc. (NVDQ)
Novadaq Technologies Inc. (NASDAQ:NVDQ) (TSE:NDQ)‘s stock had its “hold” rating restated by BTIG Research in a research note issued on Wednesday.
A number of other brokerages have also commented on NVDQ. Zacks Investment Research upgraded shares of Novadaq Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, October 12th. JMP Securities reiterated a “buy” rating on shares of Novadaq Technologies in a report on Sunday, November 6th. Feltl & Co. lowered shares of Novadaq Technologies from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 3rd. Wedbush reiterated an “outperform” rating and set a $17.00 price target on shares of Novadaq Technologies in a report on Tuesday. Finally, Canaccord Genuity reiterated a “buy” rating and set a $15.00 price target on shares of Novadaq Technologies in a report on Thursday, July 28th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company’s stock. Novadaq Technologies presently has a consensus rating of “Buy” and a consensus target price of $13.10.
Novadaq Technologies (NASDAQ:NVDQ) opened at 8.16 on Wednesday. The firm’s 50-day moving average price is $10.55 and its 200-day moving average price is $10.48. Novadaq Technologies has a 12-month low of $8.12 and a 12-month high of $14.36. The company’s market cap is $468.71 million.
Novadaq Technologies (NASDAQ:NVDQ) last posted its earnings results on Wednesday, November 2nd. The company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by $0.03. The company had revenue of $22.16 million for the quarter, compared to the consensus estimate of $22.21 million. Novadaq Technologies had a negative return on equity of 31.34% and a negative net margin of 55.26%. The business’s quarterly revenue was up 30.0% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.11) EPS. Equities research analysts forecast that Novadaq Technologies will post ($0.77) earnings per share for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in NVDQ. State Street Corp raised its position in Novadaq Technologies by 3.8% in the second quarter. State Street Corp now owns 26,664 shares of the company’s stock valued at $262,000 after buying an additional 987 shares during the last quarter. US Bancorp DE raised its position 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 in the last quarter. UBS Group AG raised its position 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 valued at $1,085,000 after buying an additional 2,425 shares in the last quarter. Geduld E E raised its position 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 valued at $148,000 after buying an additional 2,500 shares in the last quarter. Finally, Wrapmanager Inc. raised its position in shares of 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. Institutional investors and hedge funds own 88.59% of the company’s stock.
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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