NASDAQ:NOVTNovanta Stock Price, Forecast & News

Novanta's stock was trading at $79.04 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, NOVT stock has increased by 28.1% and is now trading at $101.25. View which stocks have been most impacted by Coronavirus.

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Novanta in the last year. There are currently 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Novanta.

Novanta is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Novanta.

Novanta Inc (NASDAQ:NOVT) released its quarterly earnings results on Tuesday, May, 12th. The technology company reported $0.51 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.32 by $0.19. The technology company earned $155.50 million during the quarter, compared to analysts' expectations of $142.61 million. Novanta had a net margin of 6.48% and a return on equity of 18.71%. The company's quarterly revenue was down 1.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.53 earnings per share. View Novanta's earnings history.

Novanta issued an update on its second quarter 2020 Pre-Market earnings guidance on Tuesday, May, 12th. The company provided EPS guidance of for the period. The company issued revenue guidance of $130-142 million, compared to the consensus revenue estimate of $126.29 million.

2 brokers have issued 12 month price targets for Novanta's shares. Their forecasts range from $90.00 to $90.00. On average, they expect Novanta's stock price to reach $90.00 in the next twelve months. This suggests that the stock has a possible downside of 11.1%. View analysts' price targets for Novanta.

Media headlines about NOVT stock have trended somewhat positive recently, InfoTrie Sentiment Analysis reports. InfoTrie scores the sentiment of news coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Novanta earned a coverage optimism score of 1.4 on InfoTrie's scale. They also gave media stories about the technology company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the next few days. View the latest news aboutNovanta.

Novanta saw a decline in short interest during the month of May. As of May 15th, there was short interest totaling 689,400 shares, a decline of 13.4% from the April 30th total of 796,000 shares. Based on an average daily volume of 154,600 shares, the short-interest ratio is presently 4.5 days. Currently, 2.0% of the shares of the company are sold short. View Novanta's Current Options Chain.

Some companies that are related to Novanta include CAE (CAE), Energizer (ENR), Integer (ITGR), Spectrum Brands (SPB), Atkore International Group (ATKR), FuelCell Energy (FCEL), Ultralife (ULBI), Flux Power (FLUX), Security Devices International (SDEV), Sono-Tek (SOTK), CBAK Energy Technology (CBAT), Evans & Sutherland Computer (ESCC), Polar Power (POLA), Manhattan Scientifics (MHTX) and Environmental Tectonics (ETCC). View all competitors.

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), Broadcom (AVGO), Lam Research (LRCX), Altria Group (MO), Palo Alto Networks (PANW), Arista Networks (ANET) and Netflix (NFLX).

Novanta trades on the NASDAQ under the ticker symbol "NOVT."

Novanta's stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.68%), Alliancebernstein L.P. (4.77%), Wells Fargo & Company MN (4.09%), William Blair Investment Management LLC (2.89%), Conestoga Capital Advisors LLC (2.74%) and Wasatch Advisors Inc. (2.48%). Company insiders that own Novanta stock include Brian S Young, Matthijs Glastra, Peter L Chang, Robert Buckley and Stephen W Bershad. View institutional ownership trends for Novanta.

NOVT stock was sold by a variety of institutional investors in the last quarter, including Janus Henderson Group PLC, Wells Fargo & Company MN, Alliancebernstein L.P., Aristotle Capital Boston LLC, AXA, Morgan Stanley, Telemark Asset Management LLC, and BlackRock Inc.. Company insiders that have sold Novanta company stock in the last year include Brian S Young, Matthijs Glastra, Robert Buckley, and Stephen W Bershad. View insider buying and selling activity for Novanta.

NOVT stock was bought by a variety of institutional investors in the last quarter, including Deutsche Bank AG, Wasatch Advisors Inc., Ziegler Capital Management LLC, Wellington Management Group LLP, JPMorgan Chase & Co., Mesirow Financial Investment Management Equity Management, Silvercrest Asset Management Group LLC, and Geode Capital Management LLC. View insider buying and selling activity for Novanta.

Shares of NOVT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of NOVT stock can currently be purchased for approximately $101.25.

Novanta has a market capitalization of $3.56 billion and generates $626.10 million in revenue each year. The technology company earns $40.77 million in net income (profit) each year or $2.14 on an earnings per share basis. Novanta employs 2,290 workers across the globe.

The official website for Novanta is www.novanta.com.

Novanta's mailing address is 125 Middlesex Turnpike, Bedford MA, 01730. The technology company can be reached via phone at 781-266-5700 or via email at [email protected]