Analysts predict NOVT shares will perform strongly in 2023

Anna Perez

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Novanta Inc shares valued at $5,757,912 were purchased by Robert J. Buckley on Jan 21 ’26. At $131.10 per share, Robert J. Buckley acquired 43,920 shares.

Also, Matthijs Glastra purchased 7,500 shares, netting a total of over 1,050,000 in proceeds.

Before that, Glastra Matthijs had sold 6,177 shares from its account. In a trade valued at $803,010, the Chief Executive Officer traded Novanta Inc shares for $130.00 each. Upon closing the transaction, the insider’s holdings decreased to 6,177 shares, worth approximately $10.91 million.

As published in a research note from William Blair on May 11, 2022, Novanta Inc [NOVT] has been rated up from a Mkt perform to an Outperform. Analysts at Berenberg started covering the stock with ‘”a Buy”‘ outlook in a report released in mid November. As of April 02, 2020, William Blair has decreased its “an Outperform” rating to a “Mkt perform” for NOVT. Earlier on February 27, 2018, William Blair initiated its rating. Their recommendation was “an Outperform” for NOVT stock.

Analyzing NOVT Stock Performance

On last trading session, Novanta Inc [NASDAQ: NOVT] plunged -1.73% to $138.31. The stock’s lowest price that day was $137.91, but it reached a high of $143.475 in the same session. During the last five days, there has been a surge of approximately 5.31%. Over the course of the year, Novanta Inc shares have dropped approximately -8.53%.

Is Novanta Inc subject to short interest?

Stocks of Novanta Inc saw a sharp rise in short interest on 2025-12-31 jumping by 0.17 million shares to 2.82 million. Data from Yahoo Finance shows that the short interest on 2025-11-28 was 2.65 million shares. A jump of 6.16% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 6.39 of the overall float, the days-to-cover ratio (short ratio) jumped to 6.39.

Which companies own the most shares of Novanta Inc (NOVT)?

In terms of Novanta Inc share price expectations, FactSet research, analysts set an average price target of 160 in the next 12 months, up nearly 13.68% from the previous closing price of $140.75. Analysts anticipate Novanta Inc stock to reach 160 by 2026, with the lowest price target being 160. In spite of this, 1 analysts ranked Novanta Inc stock as Buy at the end of 2026. On December 08, 2017, Robert W. Baird assigned a price target of “an Outperform” to the stock and initiated coverage with a $54.

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