Shares of Restoration Robotics Inc (NASDAQ:HAIR) have earned a consensus recommendation of “Buy” from the six analysts that are presently covering the firm, Marketbeat Ratings reports. Six research analysts have rated the stock with a buy rating. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $7.44.
A number of equities analysts have commented on the stock. ValuEngine raised shares of Restoration Robotics from a “hold” rating to a “buy” rating in a research note on Wednesday, July 4th. Zacks Investment Research raised shares of Restoration Robotics from a “sell” rating to a “hold” rating in a research note on Saturday, June 30th. Maxim Group assumed coverage on shares of Restoration Robotics in a research note on Thursday, May 31st. They issued a “buy” rating and a $8.00 price objective for the company. Finally, William Blair assumed coverage on shares of Restoration Robotics in a research note on Wednesday. They issued an “outperform” rating for the company.
HAIR traded down $0.10 during trading on Wednesday, hitting $2.42. 99,400 shares of the company traded hands, compared to its average volume of 189,248. The stock has a market capitalization of $74.09 million and a price-to-earnings ratio of -0.97. Restoration Robotics has a 1 year low of $1.45 and a 1 year high of $11.95. The company has a debt-to-equity ratio of 32.03, a quick ratio of 2.84 and a current ratio of 3.19.
Restoration Robotics (NASDAQ:HAIR) last posted its earnings results on Monday, July 30th. The company reported ($0.21) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.21). The company had revenue of $5.48 million for the quarter, compared to analysts’ expectations of $4.91 million. equities research analysts forecast that Restoration Robotics will post -0.71 earnings per share for the current year.
In other Restoration Robotics news, major shareholder Interwest Partners Ix, Lp acquired 2,000,000 shares of the company’s stock in a transaction on Thursday, August 9th. The stock was acquired at an average cost of $1.50 per share, with a total value of $3,000,000.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Frederic H. Moll acquired 333,333 shares of the company’s stock in a transaction on Thursday, August 9th. The stock was acquired at an average cost of $1.50 per share, with a total value of $499,999.50. The disclosure for this purchase can be found here. Insiders acquired a total of 2,399,999 shares of company stock valued at $3,599,999 over the last three months. Corporate insiders own 37.80% of the company’s stock.
Large investors have recently modified their holdings of the business. Northern Trust Corp purchased a new position in shares of Restoration Robotics in the 1st quarter worth $273,000. SeaCrest Wealth Management LLC lifted its holdings in shares of Restoration Robotics by 72.9% in the 2nd quarter. SeaCrest Wealth Management LLC now owns 51,565 shares of the company’s stock worth $179,000 after acquiring an additional 21,750 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Restoration Robotics by 10,700.4% in the 1st quarter. Wells Fargo & Company MN now owns 57,566 shares of the company’s stock worth $359,000 after acquiring an additional 57,033 shares during the last quarter. Bainco International Investors bought a new stake in shares of Restoration Robotics in the 2nd quarter worth about $224,000. Finally, BlackRock Inc. lifted its holdings in shares of Restoration Robotics by 97.1% in the 1st quarter. BlackRock Inc. now owns 113,599 shares of the company’s stock worth $708,000 after acquiring an additional 55,954 shares during the last quarter. 29.70% of the stock is owned by institutional investors and hedge funds.
About Restoration Robotics
Restoration Robotics, Inc, a medical device company, develops and commercializes image-guided robotic systems in the United States and internationally. The company offers ARTAS System, a physician-assisted robotic system that identifies and dissects hair follicular units directly from the scalp and creates recipient implant sites.
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