Novavax (NASDAQ:NVAX) Rating Lowered to Neutral at Citigroup

In the past 52-week period, shares of Novavax, Inc.

The company's Average Revenue Estimate for the current quarter is $7.87 Million, while Low and High Revenue Estimates are $6 Million and $10.3 Million respectively. The stock now has a consensus rating of "Hold" and a consensus price target of $2.98.

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.

A number of other institutional investors also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. now owns 5,196,508 shares of the biopharmaceutical company's stock valued at $5,976,000 after purchasing an additional 1,488,403 shares during the period. Brown Advisory Inc. lifted its position in shares of Novavax by 74.8% during the third quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Novavax by 14.5% in the second quarter. Brown Advisory Inc. now owns 162,700 shares of the biopharmaceutical company's stock valued at $185,000 after acquiring an additional 69,600 shares during the last quarter. Voya Investment Management LLC grew its position in Novavax by 18.6% in the second quarter.

A number of research firms have issued reports on NVAX.

NVAX is now undervalued by -21.25% relative to the average 1-year price target of $1.60 taken from a group of Wall Street Analysts. Cantor Fitzgerald reiterated a "hold" rating and set a $2.00 price objective on shares of Novavax in a report on Monday, December 18th. "Ultimately, through all this investigation into the company's performance the analyst decides if their stock is a "buy", sell" or hold". Finally, Zacks Investment Research cut Novavax from a "hold" rating to a "sell" rating in a research note on Thursday, November 16th.

Wealthcare Advisory Partners LLC Acquires Shares of 3433 AFLAC Incorporated (NYSE:AFL)
Bank of America lowered shares of AFLAC from a "neutral" rating to an "underperform" rating in a report on Friday, September 8th. Also, VP James Todd Daniels sold 1,430 shares of the business's stock in a transaction dated Thursday, December 21st.

Novavax, Inc. (NASDAQ:NVAX) received a Buy rating from 0 analysts. This short time frame picture represents a downward movement of current price over average price of last 20 days. According to their observations and findings, the stock could provide a high EPS of $-0.14/share and a low EPS of $-0.18/share. (NASDAQ:NVAX) opened at $1.24 on Friday. The company has a quick ratio of 3.31, a current ratio of 3.31 and a debt-to-equity ratio of -4.28.

A stock rating usually tells investors how well a stock's market value relates to what analysts think is a fair value for the stock, based on an independent evaluation of the company.

Novavax (NASDAQ:NVAX) last issued its earnings results on Tuesday, November 7th.

The company's stock is now moving with a +ve distance from the 200 day SMA of approximately 12.71%, and has a solid year to date (YTD) performance of 0% which means that the stock is constantly adding to its value from the previous fiscal year end price. The Return on Equity ratio of Novavax, Inc. The business's revenue was up 158.5% compared to the same quarter past year.

Wall Street analysts are predicting that Novavax Inc (NASDAQ:NVAX) will report earnings per share of $-0.16 in their quarterly report.

In related news, insider Stanley C. Erck purchased 100,000 shares of the firm's stock in a transaction that occurred on Thursday, November 9th. The shares were bought at an average cost of $1.13 per share, for a total transaction of $113,000.00. Following the completion of the purchase, the insider now directly owns 228,279 shares in the company, valued at $257,955.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Monthly Performance history gives insight to investors into the health of companies in which they invested.

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