Novadaq Technologies Inc. (NVDQ) Earns Outperform Rating from Wedbush
Wedbush reaffirmed their outperform rating on shares of Novadaq Technologies Inc. (NASDAQ:NVDQ) (TSE:NDQ) in a report published on Tuesday morning. They currently have a $17.00 price objective on the stock.
Other analysts have also issued reports about the company. Canaccord Genuity reiterated a buy rating and set a $15.00 price objective on shares of Novadaq Technologies in a report on Monday, August 29th. Noble Financial lowered Novadaq Technologies from a strong-buy rating to a buy rating in a report on Thursday, November 3rd. Zacks Investment Research lowered Novadaq Technologies from a buy rating to a sell rating in a report on Tuesday, August 2nd. JMP Securities reiterated a buy rating on shares of Novadaq Technologies in a report on Sunday, November 6th. Finally, Feltl & Co. lowered Novadaq Technologies from a strong-buy rating to a buy rating in a report on Thursday, November 3rd. One investment 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. The company presently has an average rating of Buy and a consensus target price of $13.10.
Novadaq Technologies (NASDAQ:NVDQ) opened at 8.35 on Tuesday. Novadaq Technologies has a 1-year low of $8.00 and a 1-year high of $14.36. The firm’s market cap is $479.62 million. The company has a 50 day moving average price of $10.37 and a 200 day moving average price of $10.45.
Novadaq Technologies (NASDAQ:NVDQ) last released its earnings results on Wednesday, November 2nd. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.16) by $0.03. The business earned $22.16 million during the quarter, compared to analysts’ expectations of $22.21 million. Novadaq Technologies had a negative net margin of 55.26% and a negative return on equity of 31.34%. Novadaq Technologies’s revenue for the quarter was up 30.0% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.11) EPS. On average, equities research analysts forecast that Novadaq Technologies will post ($0.77) earnings per share for the current year.
A number of large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in Novadaq Technologies by 0.7% in the third quarter. JPMorgan Chase & Co. now owns 7,286,103 shares of the company’s stock worth $84,301,000 after buying an additional 48,213 shares during the period. Primecap Management Co. CA increased its stake in Novadaq Technologies by 3.0% in the second quarter. Primecap Management Co. CA now owns 5,420,582 shares of the company’s stock worth $53,339,000 after buying an additional 160,000 shares during the period. Riverbridge Partners LLC increased its stake in Novadaq Technologies by 60.2% in the third quarter. Riverbridge Partners LLC now owns 2,359,147 shares of the company’s stock worth $27,295,000 after buying an additional 886,175 shares during the period. Elk Creek Partners LLC increased its stake in Novadaq Technologies by 11.1% in the second quarter. Elk Creek Partners LLC now owns 1,739,869 shares of the company’s stock worth $10,016,000 after buying an additional 173,360 shares during the period. Finally, AXA increased its stake in Novadaq Technologies by 1.9% in the second quarter. AXA now owns 1,110,000 shares of the company’s stock worth $10,922,000 after buying an additional 20,509 shares during the period. 88.59% 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.
Receive News & Stock Ratings for Novadaq Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Novadaq Technologies Inc. and related stocks with our FREE daily email newsletter.