Published: Sun, January 14, 2018
Business | By Tara Barton

B.Riley FBR Sticks to Its Buy Rating for Novavax


Therefore 33% are positive.

In the transaction dated Jul. 31, 2017, the great number of shares acquired came courtesy the SVP, CFO; Phillips Barclay A added a total of 2,057 shares at an average price of $0.89, amounting to approximately $1,831.

NVAX is now undervalued by -16.88% relative to the average 1-year price target of $1.60 taken from a group of Wall Street Analysts. Novavax had 24 analyst reports since August 11, 2015 according to SRatingsIntel. According to today's trading volume Novavax, Inc.is ABOVE its 20-Day Avg. volume with the stock showing ABOVE Abnormal volume in the past 150 days. (NASDAQ:NVAX) has "Buy" rating given on Tuesday, October 31 by Citigroup. (NVAX) opened at $1.98 on Friday. (NASDAQ:NVAX) on Monday, September 19 with "Neutral" rating. Finally, Seaport Global Securities reaffirmed a neutral rating on shares of Novavax in a research note on Friday, October 6th. The rating was maintained by Cantor Fitzgerald with "Hold" on Friday, July 21. The firm has "Neutral" rating given on Friday, September 16 by JP Morgan. On Wednesday, November 8 the stock rating was maintained by Cantor Fitzgerald with "Hold". As per Tuesday, September 20, the company rating was maintained by Chardan Capital Markets. The company operates in the Healthcare sector with a market capitalization of 635440. It is also developing NBI-640756 that is in Phase I clinical trials used for the treatment of essential tremor; and NBI-74788, which is in Phase I clinical trials used for the treatment of classic congenital adrenal hyperplasia. This appears to be bolstered by insiders' net buying activities signalling their confidence.

NOVAVAX INC is a specialty biopharmaceutical company engaged in the research, development and commercialization of proprietary products focused on women's health and infectious diseases. It has a market cap of $680.37 Million.

Investors sentiment increased to 1.26 in 2017 Q3. Its down 0.31, from 1.31 in 2017Q2. Brown Advisory Inc. increased its holdings in Novavax by 74.8% during the 3rd quarter. These shares are worth $113,000 and were traded at $1.13 each. Barry Investment Advsrs Limited Liability Corp holds 12,000 shares or 0.01% of its portfolio.

Novavax Inc (NASDAQ:NVAX) shares traded on 59.4% above secure line and closed at $2.12.

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Short interest, or the number of a stock's tradable shares now being shorted, is another metric investors use to get a pulse on sentiment. (NASDAQ:NVAX). Ameritas Investment Prns Inc holds 20,685 shares or 0% of its portfolio. The New York-based Steadfast Capital Management Lp has invested 5.37% in the stock. Pub Employees Retirement Association Of Colorado has invested 0% in Novavax, Inc. (NASDAQ:NVAX). Tradewinds Cap Mgmt Ltd Liability Corp reported 0.01% stake.

The recent development in Novavax, Inc. (NASDAQ:NVAX) for 99,197 shares. Shares of Novavax, Inc. (NASDAQ:NVAX) was sold by YOUNG JAMES F. (NASDAQ:NVAX). State Board Of Administration Of Florida Retirement invested in 141,673 shares.

Hawk Ridge Management Llc decreased Forward Air Corp (NASDAQ:FWRD) stake by 45,273 shares to 239,313 valued at $13.70M in 2017Q3.

Analysts await FleetCor Technologies, Inc. Previously Novavax Inc (NASDAQ:NVAX) reported $-0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $-0.16 by $0.01 with surprise factor of 6.3%. The biopharmaceutical company reported ($0.15) EPS for the quarter, topping the Thomson Reuters' consensus estimate of ($0.16) by $0.01. Stock's twelve month price oscillated between $1.78 and $0.73. Novavax, Inc. (NASDAQ:NVAX) has declined 79.61% since January 12, 2017 and is downtrending. It has underperformed by 96.31% the S&P500.The move comes after 6 months positive chart setup for the $685.25M company.

Since January 1, 0001, it had 0 insider purchases, and 11 sales for $10.34 million activity. NVAX has diverse figures for different time frames; starting from week's performance moved down 2.31% in last five regular trading sessions. Loews Corporation (NYSE:L) has risen 15.12% since January 12, 2017 and is uptrending. It has underperformed by 4.19% the S&P500.

At the end of 09/30/2017 reporting period, 50 institutional holders increased their position in Novavax, Inc. Where the relative strength index (RSI) is a technical momentum indicator that compares the magnitude of recent gains to recent losses in an attempt to determine excess buying & selling conditions of an asset, it is one of the most popular technical indicators, computed on the basis of the speed and direction of a stock's price movement. The rating was initiated by Oppenheimer on Tuesday, November 22 with "Perform".

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