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S&P 500   3,699.12 (+0.88%)
DOW   30,218.26 (+0.83%)
QQQ   305.52 (+0.41%)
AAPL   122.25 (-0.56%)
MSFT   214.36 (+0.06%)
FB   279.70 (-0.76%)
GOOGL   1,823.76 (+0.11%)
AMZN   3,162.58 (-0.76%)
TSLA   599.04 (+0.95%)
NVDA   542.33 (+1.21%)
BABA   267.25 (+0.13%)
CGC   28.59 (-0.14%)
GE   10.88 (+2.64%)
MU   73.34 (+4.92%)
AMD   94.04 (+1.87%)
T   29.54 (+1.06%)
NIO   43.04 (-5.09%)
F   9.34 (+1.41%)
ACB   10.89 (-3.11%)
BA   232.71 (-1.89%)
NFLX   498.31 (+0.16%)
GILD   61.56 (+1.15%)
DIS   154.14 (+0.59%)
S&P 500   3,699.12 (+0.88%)
DOW   30,218.26 (+0.83%)
QQQ   305.52 (+0.41%)
AAPL   122.25 (-0.56%)
MSFT   214.36 (+0.06%)
FB   279.70 (-0.76%)
GOOGL   1,823.76 (+0.11%)
AMZN   3,162.58 (-0.76%)
TSLA   599.04 (+0.95%)
NVDA   542.33 (+1.21%)
BABA   267.25 (+0.13%)
CGC   28.59 (-0.14%)
GE   10.88 (+2.64%)
MU   73.34 (+4.92%)
AMD   94.04 (+1.87%)
T   29.54 (+1.06%)
NIO   43.04 (-5.09%)
F   9.34 (+1.41%)
ACB   10.89 (-3.11%)
BA   232.71 (-1.89%)
NFLX   498.31 (+0.16%)
GILD   61.56 (+1.15%)
DIS   154.14 (+0.59%)
S&P 500   3,699.12 (+0.88%)
DOW   30,218.26 (+0.83%)
QQQ   305.52 (+0.41%)
AAPL   122.25 (-0.56%)
MSFT   214.36 (+0.06%)
FB   279.70 (-0.76%)
GOOGL   1,823.76 (+0.11%)
AMZN   3,162.58 (-0.76%)
TSLA   599.04 (+0.95%)
NVDA   542.33 (+1.21%)
BABA   267.25 (+0.13%)
CGC   28.59 (-0.14%)
GE   10.88 (+2.64%)
MU   73.34 (+4.92%)
AMD   94.04 (+1.87%)
T   29.54 (+1.06%)
NIO   43.04 (-5.09%)
F   9.34 (+1.41%)
ACB   10.89 (-3.11%)
BA   232.71 (-1.89%)
NFLX   498.31 (+0.16%)
GILD   61.56 (+1.15%)
DIS   154.14 (+0.59%)
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Novavax (NASDAQ:NVAX) Lowered to "Sell" at BidaskClub

Last updated on Wednesday, October 28, 2020 | 2020 MarketBeat

Novavax (NASDAQ:NVAX) was downgraded by research analysts at BidaskClub from a "hold" rating to a "sell" rating in a note issued to investors on Wednesday, BidAskClub reports.

Several other research analysts have also issued reports on NVAX. B. Riley cut their price target on Novavax from $223.00 to $257.00 in a report on Thursday, October 22nd. Zacks Investment Research lowered Novavax from a "buy" rating to a "hold" rating and set a $145.00 price target on the stock. in a report on Tuesday, August 25th. HC Wainwright increased their price target on Novavax from $101.00 to $132.00 and gave the stock a "buy" rating in a report on Thursday, July 16th. LADENBURG THALM/SH SH lowered Novavax from a "neutral" rating to a "sell" rating and set a $105.00 target price on the stock. in a report on Wednesday, August 5th. Finally, Cantor Fitzgerald raised their target price on Novavax from $88.00 to $148.00 in a report on Tuesday, July 7th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company's stock. The company presently has a consensus rating of "Hold" and a consensus price target of $157.21.

NASDAQ NVAX opened at $89.59 on Wednesday. The business has a 50 day simple moving average of $104.62 and a 200 day simple moving average of $85.54. Novavax has a one year low of $3.54 and a one year high of $189.40. The stock has a market capitalization of $5.49 billion, a P/E ratio of -32.58 and a beta of 1.40. The company has a debt-to-equity ratio of 1.74, a current ratio of 2.98 and a quick ratio of 2.98.

Novavax (NASDAQ:NVAX) last announced its quarterly earnings results on Monday, August 10th. The biopharmaceutical company reported ($0.30) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.60) by $0.30. The firm had revenue of $35.50 million during the quarter, compared to the consensus estimate of $5.67 million. The firm's revenue was up 944.1% on a year-over-year basis. During the same quarter in the previous year, the company posted ($1.69) EPS. Equities analysts expect that Novavax will post 9.85 earnings per share for the current year.

In related news, insider Gregory M. Glenn sold 55,921 shares of Novavax stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $145.20, for a total transaction of $8,119,729.20. Following the sale, the insider now directly owns 5,039 shares in the company, valued at $731,662.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO John Trizzino sold 42,788 shares of Novavax stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $148.78, for a total value of $6,365,998.64. Following the sale, the chief financial officer now owns 16,336 shares in the company, valued at $2,430,470.08. The disclosure for this sale can be found here. Insiders have sold 225,136 shares of company stock worth $30,224,412 over the last quarter. 3.30% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently modified their holdings of the stock. Bedel Financial Consulting Inc. purchased a new stake in Novavax in the third quarter worth $27,000. Global Retirement Partners LLC purchased a new stake in Novavax in the second quarter worth $25,000. Flagship Harbor Advisors LLC increased its position in Novavax by 36.8% in the second quarter. Flagship Harbor Advisors LLC now owns 390 shares of the biopharmaceutical company's stock worth $32,000 after buying an additional 105 shares during the last quarter. Steward Partners Investment Advisory LLC increased its position in Novavax by 315.8% in the second quarter. Steward Partners Investment Advisory LLC now owns 395 shares of the biopharmaceutical company's stock worth $33,000 after buying an additional 300 shares during the last quarter. Finally, Harbor Investment Advisory LLC increased its position in Novavax by 163.3% in the third quarter. Harbor Investment Advisory LLC now owns 395 shares of the biopharmaceutical company's stock worth $43,000 after buying an additional 245 shares during the last quarter. Institutional investors and hedge funds own 51.86% of the company's stock.

Novavax Company Profile

Novavax, Inc, together with its subsidiary, Novavax AB, a late-stage biotechnology company, focuses on the discovery, development, and commercialization of vaccines to prevent serious infectious diseases. The company's lead vaccine candidates include ResVax, a respiratory syncytial virus (RSV) fusion (F) protein nanoparticle vaccine candidate that in Phase III clinical trial to protect infants from RSV disease through maternal immunization; and NanoFlu, which is in Phase III clinical trial for treating seasonal influenza in older adults.

Read More: Example of operating income, EBIT and EBITDA

Analyst Recommendations for Novavax (NASDAQ:NVAX)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]


7 Cloud Computing Stocks to Lift Your Portfolio to New Heights

Cloud computing sounds complicated, and it has become more sophisticated as it evolves. However, the basic idea behind the cloud is the same. The “cloud” is a euphemistic term for the delivery of different services via the internet. In its early days, the cloud was used exclusively for data storage. Here’s an easy example of why this was important.

Back when the internet was cutting its teeth, I worked in marketing communications. The need to comply with Total Quality Control Systems (TQCS) for our largest clients meant we had to save every version of our files. Every. Single. One. Now imagine that you’re producing a 120-page product catalog complete with photos and charts. Your hard drive is burning up just thinking about it. Yet that “data” had to be stored somewhere. And so we had a virtual server farm to try to warehouse all these graphic intensive (and memory sucking) files until we could archive them.

Other than the storage nightmare, consider that it was a pain to work remotely. You could copy a file from the server, but then were you working on the right file? I’m sure at least one person is reading this who remembers this pain.

The cloud takes that away. Cloud computing allows you to store files on a secure, remote server that everyone can access anywhere they have an internet connection. But it’s become so much more than that. Cloud computing now gives businesses a platform from which they can create applications and software. If that sounds confusing, I hope to simplify it in this presentation. To help you understand which cloud computing stocks, you may want to add to your portfolio, and we’ve created this special presentation. These are seven of the cloud computing stocks that will continue to grow with the sector.

View the "7 Cloud Computing Stocks to Lift Your Portfolio to New Heights".

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