Viewray Inc (NASDAQ:VRAY) has received an average recommendation of “Buy” from the six research firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $10.00.
VRAY has been the topic of a number of research analyst reports. Mizuho started coverage on shares of Viewray in a research report on Wednesday, September 6th. They issued a “buy” rating and a $12.00 target price for the company. Aegis reissued a “buy” rating and issued a $11.00 target price on shares of Viewray in a research report on Saturday, July 22nd. Cantor Fitzgerald began coverage on shares of Viewray in a research report on Thursday, June 29th. They issued an “overweight” rating and a $10.00 target price for the company. Finally, ValuEngine upgraded shares of Viewray from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd.
Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Viewray by 67.0% in the 2nd quarter. Vanguard Group Inc. now owns 1,026,880 shares of the company’s stock valued at $6,644,000 after buying an additional 411,866 shares in the last quarter. FIL Ltd acquired a new position in shares of Viewray in the 1st quarter valued at $6,348,000. State Street Corp raised its stake in shares of Viewray by 631.7% in the 2nd quarter. State Street Corp now owns 395,418 shares of the company’s stock valued at $2,555,000 after buying an additional 341,376 shares in the last quarter. Next Century Growth Investors LLC acquired a new position in shares of Viewray in the 1st quarter valued at $2,987,000. Finally, TIAA CREF Investment Management LLC raised its stake in shares of Viewray by 2,447.3% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 286,365 shares of the company’s stock valued at $1,853,000 after buying an additional 275,123 shares in the last quarter. Institutional investors own 53.67% of the company’s stock.
Shares of Viewray (VRAY) traded down 2.14% during mid-day trading on Wednesday, reaching $5.94. 597,705 shares of the company were exchanged. Viewray has a 12 month low of $2.64 and a 12 month high of $6.44. The company’s 50 day moving average price is $6.08 and its 200 day moving average price is $5.80. The firm’s market capitalization is $350.50 million.
Viewray (NASDAQ:VRAY) last released its earnings results on Monday, August 7th. The company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($0.02). The firm had revenue of $0.70 million for the quarter, compared to analyst estimates of $0.68 million. Viewray’s quarterly revenue was up 133.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.32) earnings per share. Equities analysts anticipate that Viewray will post ($0.82) earnings per share for the current year.
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ViewRay, Inc designs, manufactures and markets MRIdian, the magnetic resonance imaging (MRI)-guided radiation therapy system to image and treat cancer patients simultaneously. The Company offers radiation therapy technology combined with magnetic resonance imaging. MRIdian integrates MRI technology, radiation delivery and the Company’s software to locate, target and track the position and shape of soft-tissue tumors while radiation is delivered.
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