NASDAQ:NOVT Novanta (NOVT) Stock Forecast, Price & News $166.29 +4.32 (+2.67%) (As of 05/26/2023 ET) Add Compare Share Share Today's Range$161.97▼$167.4050-Day Range$147.65▼$167.8852-Week Range$110.84▼$173.10Volume99,528 shsAverage Volume129,368 shsMarket Capitalization$5.95 billionP/E Ratio81.12Dividend YieldN/APrice Target$161.00 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Novanta MarketRank™ ForecastAnalyst RatingN/A0.00 Rating ScoreUpside/Downside3.2% Downside$161.00 Price TargetShort InterestBearish4.22% of Shares Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment1.12Based on 10 Articles This WeekInsider TradingN/AProj. Earnings Growth15.81%From $3.10 to $3.59 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.37 out of 5 starsComputer And Technology Sector581st out of 623 stocksMiscellaneous Electrical Machinery, Equipment, & Supplies Industry26th out of 27 stocks 0.0 Analyst's Opinion Price Target Upside/DownsideAccording to analysts' consensus price target of $161.00, Novanta has a forecasted downside of 3.2% from its current price of $166.29.Amount of Analyst CoverageNovanta has received no research coverage in the past 90 days. Previous Next 1.0 Short Interest Percentage of Shares Shorted4.22% of the outstanding shares of Novanta have been sold short.Short Interest Ratio / Days to CoverNovanta has a short interest ratio ("days to cover") of 12.3, which indicates bearish sentiment.Change versus previous month Previous Next 0.0 Dividend Strength Dividend YieldNovanta does not currently pay a dividend.Dividend GrowthNovanta does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for NOVT. Previous Next 3.4 News and Social Media Coverage News SentimentNovanta has a news sentiment score of 1.12. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.55 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 10 news articles for Novanta this week, compared to 3 articles on an average week.Search InterestOnly 12 people have searched for NOVT on MarketBeat in the last 30 days. This is a decrease of -20% compared to the previous 30 days.MarketBeat Follows2 people have added Novanta to their MarketBeat watchlist in the last 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Novanta insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 1.20% of the stock of Novanta is held by insiders.Percentage Held by Institutions97.55% of the stock of Novanta is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Novanta are expected to grow by 15.81% in the coming year, from $3.10 to $3.59 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Novanta is 81.12, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 130.49.Price to Earnings Ratio vs. SectorThe P/E ratio of Novanta is 81.12, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 306.89.Price to Book Value per Share RatioNovanta has a P/B Ratio of 9.96. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Novanta (NASDAQ:NOVT) StockNovanta, Inc. engages in the provision of core technology solutions to healthcare and advanced industrial original equipment manufacturers. It operates through the following segments: Photonics, Vision, and Precision Motion. The Photonics segment designs, manufactures, and markets photonics-based solutions, including laser scanning and laser beam delivery, CO2 laser, continuous wave and ultrafast laser, and optical light engine products. The Vision segment offers a range of medical grade technologies, including medical insufflators, pumps and related disposables, surgical displays and operating room integration technologies, optical data collection and machine vision technologies, radio frequency identification technologies, thermal printers, spectrometry technologies, and embedded touch screen solutions. The Precision Motion segment includes optical encoders, precision motor and motion control technology, air bearing spindles, and precision machined components to customers. The company was founded in 1968 and is headquartered in Bedford, MA.Read More Receive NOVT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Novanta and its competitors with MarketBeat's FREE daily newsletter. Email Address NOVT Stock News HeadlinesMay 26, 2023 | finance.yahoo.comWhat Makes Novanta (NOVT) a Strong Momentum Stock: Buy Now?May 24, 2023 | msn.comNovanta's Return On Capital Employed OverviewMay 27, 2023 | UNKNOWN (Ad)The Stock That's Brining Lithium Back To America!The American Energy Crisis Is Very Real And This Stock Is Solving That Problem On U.S SoilMay 22, 2023 | finance.yahoo.comNovanta to Present at Baird's 2023 Global Consumer, Technology & Services Conference on Wednesday, June 7, 2023May 22, 2023 | americanbankingnews.comStockNews.com Downgrades Novanta (NASDAQ:NOVT) to HoldMay 17, 2023 | finance.yahoo.comNovanta to Present at the William Blair 43rd Annual Growth Stock Conference on Tuesday, June 6, 2023May 16, 2023 | americanbankingnews.comNovanta (NASDAQ:NOVT) Upgraded at StockNews.comMay 15, 2023 | americanbankingnews.comNovanta (NASDAQ:NOVT) Upgraded by StockNews.com to BuyMay 27, 2023 | Stocks To Trade (Ad)3 Free Stock Picks per DayUsing our algorithm, we sift through 15,000 stocks every second. We generate 15 trading opportunities a day.May 14, 2023 | americanbankingnews.comFY2023 Earnings Forecast for Novanta Inc. Issued By William Blair (NASDAQ:NOVT)May 12, 2023 | msn.comBaird Maintains Novanta (NOVT) Neutral RecommendationMay 12, 2023 | finance.yahoo.comNovanta (NOVT) is on the Move, Here's Why the Trend Could be SustainableMay 12, 2023 | americanbankingnews.comNovanta (NASDAQ:NOVT) Announces Earnings ResultsMay 12, 2023 | americanbankingnews.comNovanta (NASDAQ:NOVT) Price Target Raised to $161.00 at Robert W. BairdMay 11, 2023 | americanbankingnews.comResearch Analysts Offer Predictions for Novanta Inc.'s Q2 2023 Earnings (NASDAQ:NOVT)May 10, 2023 | washingtonpost.comNovanta: Q1 Earnings SnapshotMay 9, 2023 | finance.yahoo.comNovanta (NOVT) Tops Q1 Earnings and Revenue EstimatesMay 9, 2023 | finance.yahoo.comNovanta Announces Financial Results for the First Quarter 2023May 8, 2023 | americanbankingnews.comNovanta (NOVT) to Release Quarterly Earnings on TuesdayMay 3, 2023 | finance.yahoo.comInvestors in Novanta (NASDAQ:NOVT) have seen strong returns of 156% over the past five yearsApril 16, 2023 | americanbankingnews.comHead to Head Analysis: NeoVolta (NASDAQ:NEOV) and Novanta (NASDAQ:NOVT)April 11, 2023 | finance.yahoo.comNovanta Inc. Schedules Earnings Release and Conference Call for Tuesday, May 9, 2023March 20, 2023 | seekingalpha.comNovanta: The Valuation Seems Way Too HighMarch 20, 2023 | finance.yahoo.comNovanta Inc.'s (NASDAQ:NOVT) Stock Has Been Sliding But Fundamentals Look Strong: Is The Market Wrong?March 1, 2023 | finance.yahoo.comNovanta Announces Financial Results for the Fourth Quarter and Full Year 2022February 15, 2023 | finance.yahoo.comReturns On Capital At Novanta (NASDAQ:NOVT) Have StalledFebruary 1, 2023 | finance.yahoo.comNovanta Inc. Schedules Earnings Release and Conference Call for Wednesday, March 1, 2023See More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive NOVT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Novanta and its competitors with MarketBeat's FREE daily newsletter. Email Address NOVT Company Calendar Last Earnings5/09/2023Today5/27/2023Next Earnings (Estimated)8/08/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Miscellaneous electrical machinery, equipment, & supplies Sub-IndustryN/A SectorComputer and Technology Current SymbolNASDAQ:NOVT Previous SymbolNASDAQ:GSIG CUSIPN/A CIK1076930 Webwww.novanta.com Phone(781) 266-5700Fax781-266-5114Employees3,000Year FoundedN/APrice Target and Rating Average Stock Price Forecast$161.00 High Stock Price Forecast$161.00 Low Stock Price Forecast$161.00 Forecasted Upside/Downside-3.2%Consensus RatingN/A Rating Score (0-4)0.00 Research Coverage0 Analysts Profitability EPS (Most Recent Fiscal Year)$2.05 Trailing P/E Ratio81.12 Forward P/E Ratio53.64 P/E GrowthN/ANet Income$74.05 million Net Margins8.39% Pretax Margin9.84% Return on Equity19.70% Return on Assets9.08% Debt Debt-to-Equity Ratio0.70 Current Ratio2.84 Quick Ratio1.67 Sales & Book Value Annual Sales$860.90 million Price / Sales6.92 Cash Flow$4.70 per share Price / Cash Flow35.36 Book Value$16.70 per share Price / Book9.96Miscellaneous Outstanding Shares35,810,000Free Float35,376,000Market Cap$5.95 billion OptionableOptionable Beta1.30 Key ExecutivesMatthijs GlastraChairman & Chief Executive OfficerRobert John BuckleyChief Financial OfficerSarah BetadamChief Information OfficerCharlie WebsterEVP-Novanta Growth System & Global Supply ChainAnna FainVice President-Leadership Development & DiversityKey CompetitorsNutanixNASDAQ:NTNXMKS InstrumentsNASDAQ:MKSINew RelicNYSE:NEWRAmkor TechnologyNASDAQ:AMKRBWX TechnologiesNYSE:BWXTView All CompetitorsInsiders & InstitutionsProShare Advisors LLCSold 464 shares on 5/26/2023Ownership: 0.018%Legato Capital Management LLCSold 1,402 shares on 5/25/2023Ownership: 0.017%Ameriprise Financial Inc.Bought 731 shares on 5/22/2023Ownership: 1.123%Putnam Investments LLCSold 3,899 shares on 5/22/2023Ownership: 0.247%JPMorgan Chase & Co.Sold 26,413 shares on 5/18/2023Ownership: 2.089%View All Insider TransactionsView All Institutional Transactions NOVT Stock - Frequently Asked Questions What is Novanta's stock price forecast for 2023? 0 brokers have issued twelve-month target prices for Novanta's shares. Their NOVT share price forecasts range from $161.00 to $161.00. On average, they expect the company's share price to reach $161.00 in the next twelve months. This suggests that the stock has a possible downside of 3.2%. View analysts price targets for NOVT or view top-rated stocks among Wall Street analysts. How have NOVT shares performed in 2023? Novanta's stock was trading at $135.87 on January 1st, 2023. Since then, NOVT shares have increased by 22.4% and is now trading at $166.29. View the best growth stocks for 2023 here. When is Novanta's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 8th 2023. View our NOVT earnings forecast. How were Novanta's earnings last quarter? Novanta Inc. (NASDAQ:NOVT) posted its earnings results on Tuesday, May, 9th. The technology company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.10. The technology company earned $219.10 million during the quarter, compared to analysts' expectations of $211.22 million. Novanta had a trailing twelve-month return on equity of 19.70% and a net margin of 8.39%. The company's quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.73 EPS. What ETFs hold Novanta's stock? ETFs with the largest weight of Novanta (NASDAQ:NOVT) stock in their portfolio include Innovator Deepwater Frontier Tech ETF (LOUP), Goldman Sachs Future Health Care Equity ETF (GDOC), ROBO Global Robotics & Automation ETF (ROBO), ROBO Global Healthcare Technology and Innovation ETF (HTEC), Franklin U.S. Small Cap Multifactor Index ETF (FLQS), Nuveen ESG Small-Cap ETF (NUSC), Pacer Lunt MidCap Multi-Factor Alternator ETF (PAMC) and Vanguard S&P Mid-Cap 400 Growth ETF (IVOG). What guidance has Novanta issued on next quarter's earnings? Novanta updated its second quarter 2023 earnings guidance on Tuesday, May, 9th. The company provided earnings per share guidance of $0.70-$0.74 for the period, compared to the consensus EPS estimate of $0.76. The company issued revenue guidance of $222.00 million-$225.00 million, compared to the consensus revenue estimate of $223.01 million. What is Matthijs Glastra's approval rating as Novanta's CEO? 44 employees have rated Novanta Chief Executive Officer Matthijs Glastra on Glassdoor.com. Matthijs Glastra has an approval rating of 87% among the company's employees. What other stocks do shareholders of Novanta own? Based on aggregate information from My MarketBeat watchlists, some companies that other Novanta investors own include NVIDIA (NVDA), Alibaba Group (BABA), Gilead Sciences (GILD), Intuitive Surgical (ISRG), Lam Research (LRCX), Altria Group (MO), AT&T (T), Abiomed (ABMD), Advanced Micro Devices (AMD) and Broadcom (AVGO). What is Novanta's stock symbol? Novanta trades on the NASDAQ under the ticker symbol "NOVT." Who are Novanta's major shareholders? Novanta's stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (11.81%), Conestoga Capital Advisors LLC (3.96%), State Street Corp (3.29%), Price T Rowe Associates Inc. MD (2.98%), William Blair Investment Management LLC (2.96%) and Wasatch Advisors LP (2.90%). Insiders that own company stock include Brian S Young, Matthijs Glastra, Peter L Chang, Robert Buckley and Thomas N Secor. View institutional ownership trends. How do I buy shares of Novanta? Shares of NOVT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Novanta's stock price today? One share of NOVT stock can currently be purchased for approximately $166.29. How much money does Novanta make? Novanta (NASDAQ:NOVT) has a market capitalization of $5.95 billion and generates $860.90 million in revenue each year. The technology company earns $74.05 million in net income (profit) each year or $2.05 on an earnings per share basis. How many employees does Novanta have? The company employs 3,000 workers across the globe. How can I contact Novanta? Novanta's mailing address is 125 Middlesex Turnpike, Bedford MA, 01730. The official website for the company is www.novanta.com. The technology company can be reached via phone at (781) 266-5700, via email at investorrelations@novanta.com, or via fax at 781-266-5114. This page (NASDAQ:NOVT) was last updated on 5/27/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. 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