Trade Report: Today, Novan Inc (NOVN) Receives New Coverage from Analysts at Credit Suisse Group AG

Today, Novan Inc (NOVN) Receives New Coverage from Analysts at Credit Suisse Group AG

Credit Suisse Group AG started coverage on shares of Novan Inc (NASDAQ:NOVN) in a research note released on Monday morning. The firm issued an outperform rating and a $18.97 price target on the stock.

NOVN has been the subject of several other research reports. Piper Jaffray Cos. initiated coverage on shares of Novan in a report on Monday. They set an overweight rating and a $25.00 target price for the company. Wedbush initiated coverage on shares of Novan in a report on Monday. They set an outperform rating and a $27.00 target price for the company. Finally, JMP Securities initiated coverage on shares of Novan in a report on Monday. They set an outperform rating and a $31.00 target price for the company.

Shares of Novan (NASDAQ:NOVN) traded up 3.17% during mid-day trading on Monday, hitting $21.18. 18,530 shares of the stock traded hands. The firm’s market capitalization is $51.83 million. Novan has a one year low of $13.77 and a one year high of $23.79. The company’s 50 day moving average is $19.83 and its 200 day moving average is $19.83.

In other news, major shareholder Life Sciences Holdings L. Malin purchased 800,000 shares of the company’s stock in a transaction on Monday, September 26th. The shares were purchased at an average cost of $11.00 per share, with a total value of $8,800,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

About Novan

Related posts

Leave a Comment