Today, JMP Securities Reiterates Buy Rating for Novadaq Technologies Inc. (NVDQ)

Today, JMP Securities Reiterates Buy Rating for Novadaq Technologies Inc. (NVDQ)

Novadaq Technologies Inc. (NASDAQ:NVDQ) (TSE:NDQ)‘s stock had its “buy” rating reiterated by analysts at JMP Securities in a research report issued to clients and investors on Sunday.

Several other analysts also recently issued reports on the stock. Feltl & Co. downgraded shares of Novadaq Technologies from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 3rd. Noble Financial downgraded shares of Novadaq Technologies from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 3rd. Zacks Investment Research raised shares of Novadaq Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, October 12th. Wedbush reissued a “positive” rating and issued a $17.00 price target on shares of Novadaq Technologies in a report on Tuesday, September 20th. Finally, Canaccord Genuity reissued a “buy” rating and issued a $15.00 price target on shares of Novadaq Technologies in a report on Monday, August 29th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. Novadaq Technologies presently has an average rating of “Buy” and an average price target of $13.10.

Shares of Novadaq Technologies (NASDAQ:NVDQ) traded up 0.56% during midday trading on Friday, hitting $8.15. 83,355 shares of the company were exchanged. The stock’s 50-day moving average is $9.89 and its 200-day moving average is $10.38. The stock’s market cap is $468.14 billion. Novadaq Technologies has a one year low of $7.87 and a one year high of $14.36.

Novadaq Technologies (NASDAQ:NVDQ) last posted its quarterly earnings data on Wednesday, November 2nd. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.16) by $0.03. The firm 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%. Novadaq Technologies’s quarterly revenue was up 30.0% on a year-over-year basis. During the same period in the prior year, the company posted ($0.11) earnings per share. Equities research analysts anticipate that Novadaq Technologies will post ($0.77) EPS for the current year.

Institutional investors have recently made changes to their positions in the stock. AXA boosted its position in shares of Novadaq Technologies by 36.3% in the first quarter. AXA now owns 1,089,491 shares of the company’s stock worth $12,082,000 after buying an additional 290,276 shares in the last quarter. Primecap Management Co. CA boosted its stake in shares of Novadaq Technologies by 5.6% in the first quarter. Primecap Management Co. CA now owns 5,260,582 shares of the company’s stock worth $58,340,000 after buying an additional 279,502 shares during the period. UBS Group AG boosted its stake 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 worth $1,085,000 after buying an additional 2,425 shares during the period. Royce & Associates LP boosted its stake in shares of Novadaq Technologies by 20.5% in the first quarter. Royce & Associates LP now owns 193,900 shares of the company’s stock worth $2,150,000 after buying an additional 33,000 shares during the period. Finally, Wrapmanager Inc. purchased a new stake in shares of Novadaq Technologies during the first quarter worth about $183,000. Institutional investors own 89.22% of the company’s stock.

Novadaq Technologies Company Profile

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