Novavax (NVAX) Downgraded by BidaskClub to "Hold"

Novavax (NASDAQ:NVAX) was upgraded by Zacks Investment Research from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Tuesday, April 3rd.

Novavax, Inc., a clinical-stage biotechnology company, focuses on the discovery, development, and commercialization of recombinant nanoparticle vaccines and adjuvants.The company has $602.20 million market cap. The stock rating was maintained by FBR Capital with "Buy" on Thursday, January 11.

(NASDAQ:NVAX). Fisher Asset Lc reported 0% in Novavax, Inc.

Additionally on 3/19/18 JP Morgan "Downgrades" Novavax Inc (NASDAQ:NVAX) to Underweight setting price target at $0 and on 2/21/18 Citigroup "Maintained" the stock to Neutral at $2.8. BidaskClub raised shares of Novavax from a "hold" rating to a "buy" rating in a report on Thursday, March 15th. Finally, Ladenburg Thalmann restated a "buy" rating and set a $3.50 price target on shares of Novavax in a report on Thursday, March 1st. Finally, S&P Equity Research cut their price objective on shares of Novavax from $1.81 to $1.35 in a research report on Wednesday, January 10th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of "Hold" and a consensus target price of $3.37.

Shares of Novavax (NASDAQ:NVAX) opened at 1.40 on Friday. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0. Novavax has a one year low of $0.73 and a one year high of $2.75.

NVAX traded down $0.04 during midday trading on Tuesday, reaching $1.58.

Novavax (NASDAQ:NVAX) last posted its quarterly earnings data on Wednesday, March 14th.

In case of Revenue Estimates, 7 analysts have provided their consensus Average Revenue Estimates for Novavax, Inc.as 10.43 Million. The Return on Equity (ROE) value stands at 278.4%. Novavax's revenue for the quarter was down 50.8% compared to the same quarter previous year. During the same quarter in the prior year, the company earned ($0.21) earnings per share.

While looking at the Stock's Performance, Novavax, Inc. now shows a Weekly Performance of -5.81%, where Monthly Performance is -19%, Quarterly performance is -23.94%, 6 Months performance is 57.28% and yearly performance percentage is 95.09%. 2,469,704 shares of the company's stock were exchanged, compared to its average volume of 7,229,951. The disclosure for this purchase can be found here. However the six-month change in the insider ownership was recorded 59.22%, as well as three-month change in the institutional ownership was recorded 1.32%.

A number of hedge funds have recently added to or reduced their stakes in NVAX. Aperio Group LLC lifted its holdings in Novavax by 121.1% during the 4th quarter. Virtu Financial LLC now owns 1,124,842 shares of the biopharmaceutical company's stock valued at $1,395,000 after purchasing an additional 1,114,764 shares during the period. Virtu Financial LLC raised its holdings in shares of Novavax by 11,061.4% in the 4th quarter. Geode Capital Management LLC now owns 2,945,721 shares of the biopharmaceutical company's stock valued at $3,652,000 after buying an additional 446,318 shares during the period. New York-based Edge Wealth Management Ltd Liability has invested 0.01% in Novavax, Inc. Rock Springs Capital Management LP now owns 2,000,000 shares of the biopharmaceutical company's stock worth $2,480,000 after buying an additional 1,180,000 shares in the last quarter. Schwab Charles Investment Management Inc. now owns 1,443,013 shares of the biopharmaceutical company's stock valued at $1,790,000 after buying an additional 217,995 shares during the last quarter. Rock Springs Capital Management LP now owns 2,000,000 shares of the biopharmaceutical company's stock worth $2,480,000 after purchasing an additional 1,180,000 shares during the period.

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