Novadaq Technologies Inc (NASDAQ:NVDQ) (TSE:NDQ) – Investment analysts at Wedbush decreased their Q4 2016 earnings per share estimates for Novadaq Technologies in a report issued on Wednesday. Wedbush analyst Levy. T now forecasts that the firm will earn ($0.19) per share for the quarter, down from their previous estimate of ($0.16). Wedbush currently has a “Outperform” rating and a $11.00 target price on the stock. Wedbush also issued estimates for Novadaq Technologies’ FY2017 earnings at ($0.64) EPS, FY2018 earnings at ($0.44) EPS and FY2019 earnings at ($0.15) EPS.

Novadaq Technologies (NASDAQ:NVDQ) last announced its quarterly earnings results on Wednesday, November 2nd. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.16) by $0.03. The company earned $22.16 million during the quarter, compared to analysts’ expectations of $22.21 million. Novadaq Technologies had a negative return on equity of 31.34% and a negative net margin of 55.26%. The firm’s revenue for the quarter was up 30.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.11) EPS.

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NVDQ has been the subject of several other research reports. Noble Financial cut shares of Novadaq Technologies from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 3rd. William Blair cut shares of Novadaq Technologies from an “outperform” rating to a “market perform” rating in a report on Wednesday. Canaccord Genuity reissued a “buy” rating and set a $10.00 target price (down previously from $15.00) on shares of Novadaq Technologies in a report on Thursday. RBC Capital Markets set a $13.00 target price on shares of Novadaq Technologies and gave the stock an “outperform” rating in a report on Wednesday. Finally, BTIG Research reissued a “hold” rating on shares of Novadaq Technologies in a report on Wednesday, November 16th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight 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 $11.50.

Shares of Novadaq Technologies (NASDAQ:NVDQ) opened at 6.53 on Friday. Novadaq Technologies has a 52 week low of $6.00 and a 52 week high of $14.24. The stock’s market cap is $375.08 million. The firm has a 50-day moving average of $7.60 and a 200 day moving average of $9.88.

TRADEMARK VIOLATION NOTICE: “Wedbush Comments on Novadaq Technologies Inc’s Q4 2016 Earnings (NVDQ)” was published by Watch List News and is the propert of of Watch List News. If you are reading this piece of content on another website, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The original version of this piece of content can be accessed at http://www.watchlistnews.com/wedbush-comments-on-novadaq-technologies-incs-q4-2016-earnings-nvdq/1061288.html.

A number of hedge funds have recently added to or reduced their stakes in the stock. D.A. Davidson & CO. raised its stake in Novadaq Technologies by 17.6% in the third quarter. D.A. Davidson & CO. now owns 10,019 shares of the company’s stock valued at $114,000 after buying an additional 1,500 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in Novadaq Technologies by 46.4% in the third quarter. PNC Financial Services Group Inc. now owns 14,338 shares of the company’s stock valued at $165,000 after buying an additional 4,544 shares in the last quarter. Trellus Management Company LLC purchased a new stake in Novadaq Technologies during the third quarter valued at approximately $191,000. US Bancorp DE raised 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. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in Novadaq Technologies during the third quarter valued at approximately $240,000. Institutional investors own 89.62% of the company’s stock.

Novadaq Technologies Company Profile

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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