The Brokerages Set Novadaq Technologies Inc. (NASDAQ:NVDQ) Target Price at $13.50

The Brokerages Set Novadaq Technologies Inc. (NASDAQ:NVDQ) Target Price at $13.50

Novadaq Technologies Inc. (NASDAQ:NVDQ) has earned a consensus recommendation of “Buy” from the nine ratings firms that are currently covering the stock. Two research 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 12-month target price among analysts that have issued ratings on the stock in the last year is $13.50.

Several equities analysts have commented on NVDQ shares. Canaccord Genuity reiterated a “buy” rating and issued a $15.00 price objective on shares of Novadaq Technologies in a report on Thursday, July 28th. Zacks Investment Research upgraded shares of Novadaq Technologies from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a report on Wednesday, June 29th. Wedbush reiterated a “positive” rating and issued a $17.00 price objective on shares of Novadaq Technologies in a report on Tuesday, September 20th. Feltl & Co. upgraded shares of Novadaq Technologies from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 28th. Finally, Northland Securities reiterated an “underperform” rating and issued a $7.00 price objective on shares of Novadaq Technologies in a report on Thursday, July 7th.

A number of large investors have recently bought and sold shares of NVDQ. Geduld E E boosted its stake in 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. 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. US Bancorp DE boosted its stake in 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. 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. Finally, Geode Capital Management LLC boosted its stake in Novadaq Technologies by 8.0% in the first quarter. Geode Capital Management LLC now owns 22,372 shares of the company’s stock valued at $248,000 after buying an additional 1,665 shares in the last quarter. 88.64% of the stock is owned by institutional investors and hedge funds.

Novadaq Technologies (NASDAQ:NVDQ) opened at 11.01 on Thursday. The company’s 50-day moving average is $11.80 and its 200 day moving average is $10.78. Novadaq Technologies has a one year low of $8.26 and a one year high of $14.36. The company’s market capitalization is $632.36 million.

Novadaq Technologies (NASDAQ:NVDQ) last released its quarterly earnings data on Wednesday, July 27th. The company reported ($0.29) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.14) by $0.15. Novadaq Technologies had a negative net margin of 49.45% and a negative return on equity of 25.28%. The company earned $20.12 million during the quarter, compared to analyst estimates of $19.97 million. During the same quarter in the prior year, the firm earned ($0.22) earnings per share. Novadaq Technologies’s revenue for the quarter was up 33.5% on a year-over-year basis. Analysts predict that Novadaq Technologies will post ($0.73) EPS for the current year.

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