Novavax, Inc. (NVAX) Sees Large Volume Increase Following Insider Buying Activity

(NASDAQ:NVAX) saw strong trading volume on Monday after an insider bought additional shares in the company. BlackRock Group LTD now owns 161,349 shares of the biopharmaceutical company's stock valued at $335,000 after buying an additional 1,043 shares during the last quarter.

In other Novavax news, Director James F. Young sold 175,000 shares of the company's stock in a transaction that occurred on Thursday, August 31st. In a transaction dated August 31, 2017, the shares were put up for sale at an average price of $1.06, raking in a sum of $185,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

The company's stock is now moving with a +ve distance from the 200 day SMA of approximately 7.87%, and has a solid year to date (YTD) performance of -3.17% which means that the stock is constantly adding to its value from the previous fiscal year end price. California State Teachers Retirement System now owns 454,699 shares with a value of $518,000. The disclosure for this purchase can be found here. Corporate insiders own 4.00% of the company's stock.

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Several research analysts have recently commented on the stock.

On November 8 Cantor Fitzgerald kept the company rating at "Hold" targeting a price of $2.00. Zacks Investment Research downgraded Novavax from a "buy" rating to a "hold" rating in a report on Thursday, January 12th. Ladenburg Thalmann Financial Services upgraded shares of Novavax from a "neutral" rating to a "buy" rating and set a $1.60 price target on the stock in a research report on Wednesday, August 9th. Novavax presently has a consensus rating of "Hold" and a consensus price target of $3.12. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company's stock. Piper Jaffray Companies restated a "hold" rating and issued a $1.50 target price on shares of Novavax in a report on Wednesday, July 26th. The company has a current ratio of 3.31, a quick ratio of 3.31 and a debt-to-equity ratio of -4.28.

Novavax (NASDAQ:NVAX) last announced its quarterly earnings data on Tuesday, November 7th. The company beat the analyst EPS Estimate with the difference of $0.02. The firm earned $3.20 million during the quarter, compared to the consensus estimate of $4.02 million. Novavax had a negative return on equity of 189.14% and a negative net margin of 1,908.41%. Novavax's quarterly revenue was up 158.5% compared to the same quarter last year. analysts expect that Novavax, Inc. will post -0.61 EPS for the current fiscal year.

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Novavax, Inc. (NASDAQ:NVAX)'s stock had its "outperform" rating reaffirmed by research analysts at FBR & Co in a report issued on Wednesday.

Hedge funds have recently modified their holdings of the company.

Alliancebernstein L.P. raised its holdings in shares of Novavax, Inc. During the same period a year ago, the company earned ($0.24) earnings per share. JPMorgan Chase & Co. increased its position in Novavax by 40.1% during the second quarter. Stifel Financial Corp now owns 21,990 shares of the biopharmaceutical company's stock valued at $160,000 after buying an additional 400 shares during the last quarter. Rhumbline Advisers now owns 346,968 shares of the biopharmaceutical company's stock valued at $399,000 after buying an additional 23,410 shares in the last quarter. Voya Investment Management LLC lifted its stake in Novavax by 18.6% in the second quarter. Geode Capital Management LLC now owns 2,400,960 shares of the biopharmaceutical company's stock valued at $3,073,000 after buying an additional 371,295 shares during the period. Finally, GSA Capital Partners LLP increased its position in Novavax by 38.7% during the second quarter. Brown Advisory Inc. now owns 162,700 shares of the biopharmaceutical company's stock worth $185,000 after acquiring an additional 69,600 shares during the period.

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Institutional investors now hold around $141 million or 40.6% in NVAX stock.

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