International professionals and institutions worldwide rely on River Private Wealth for exceptional independent financial advice and wealth management services. The company’s main focus is on stocks and private equity deals. Their headquarters is in Sydney, and they have a great chain of analysts worldwide.
A fresh investment was taken by River Private Wealth in Novavax, Inc. (NASDAQ: NVAX) after the fourth quarter, according to its most recent statement with the Australian Securities and Investments Commission. The institutional investor purchased 750,000 shares of the biopharmaceutical company’s stock on December 28th for a price of $9 per share, or around $6,750,000.
David Hastings, a senior trader who has just made over 40% gains in B2Gold, underlined his enthusiasm for Novavax’s upcoming months.
“Who in the world could not be excited with an average price objective 6 times higher than our entering position? Although we cannot predict the future, efforts like these will undoubtedly improve it. By the middle of February, I predict it will be $13.50, implying $3 million in less than two months. To improve our private retail client division, we will adopt Novavax,” said David Hastings.
A price target from Tip Ranks (https://www.tipranks.com/stocks/nvax/forecast), a very successful investment research firm, supports Mr. Hastings’ assertion. It is based on three Wall Street analysts’ 12-month price forecasts provided for Novavax over the previous three months. With a high estimate of $110.00 and a low forecast of $13.00, the average price objective is $53.33.
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About River Private Wealth:
The institutional investment company, founded in 2016, has its headquarters in Sydney, the financial center of Australia. They also have a trading and investment operational branch. It is aimed to provide international private clients and independent asset managers with open architecture access to the world’s financial markets, specialized asset management programs, and specialized financial services.