Restoration Robotics Inc (NASDAQ:HAIR) shares rose 13.6% during mid-day trading on Thursday . The company traded as high as $2.96 and last traded at $2.75. Approximately 515,100 shares traded hands during trading, an increase of 170% from the average daily volume of 190,991 shares. The stock had previously closed at $2.42.
HAIR has been the subject of a number of research reports. Zacks Investment Research upgraded shares of Restoration Robotics from a “hold” rating to a “buy” rating and set a $2.75 target price for the company in a research report on Wednesday. Maxim Group decreased their price objective on shares of Restoration Robotics from $8.00 to $6.00 and set a “buy” rating for the company in a research report on Tuesday, August 14th. ValuEngine upgraded shares of Restoration Robotics from a “hold” rating to a “buy” rating in a research report on Wednesday, July 4th. Finally, William Blair initiated coverage on shares of Restoration Robotics in a research report on Wednesday. They issued an “outperform” rating for the company. Six equities research analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and an average target price of $7.44.
The company has a current ratio of 3.19, a quick ratio of 2.84 and a debt-to-equity ratio of 32.03. The stock has a market capitalization of $73.50 million and a price-to-earnings ratio of -1.06.
Restoration Robotics (NASDAQ:HAIR) last released its quarterly earnings results on Monday, July 30th. The company reported ($0.21) earnings per share for the quarter, hitting the consensus estimate of ($0.21). The company had revenue of $5.48 million for the quarter, compared to analyst estimates of $4.91 million. research analysts forecast that Restoration Robotics Inc will post -0.71 earnings per share for the current year.
In related news, insider Ryan Rhodes purchased 66,666 shares of Restoration Robotics stock in a transaction that occurred on Thursday, August 9th. The stock was purchased at an average price of $1.50 per share, for a total transaction of $99,999.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Frederic H. Moll purchased 333,333 shares of Restoration Robotics stock in a transaction that occurred on Thursday, August 9th. The shares were bought at an average price of $1.50 per share, with a total value of $499,999.50. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 2,399,999 shares of company stock valued at $3,599,999. Insiders own 37.80% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN grew its stake in Restoration Robotics by 10,700.4% during the 1st quarter. Wells Fargo & Company MN now owns 57,566 shares of the company’s stock valued at $359,000 after acquiring an additional 57,033 shares in the last quarter. Cambridge Investment Research Advisors Inc. purchased a new stake in Restoration Robotics during the 2nd quarter valued at about $618,000. BlackRock Inc. grew its stake in Restoration Robotics by 97.1% during the 1st quarter. BlackRock Inc. now owns 113,599 shares of the company’s stock valued at $708,000 after acquiring an additional 55,954 shares in the last quarter. Royce & Associates LP grew its stake in Restoration Robotics by 40.0% during the 2nd quarter. Royce & Associates LP now owns 350,000 shares of the company’s stock valued at $1,215,000 after acquiring an additional 100,000 shares in the last quarter. Finally, Northern Trust Corp purchased a new stake in Restoration Robotics during the 1st quarter valued at about $273,000. Hedge funds and other institutional investors own 29.70% of the company’s stock.
About Restoration Robotics (NASDAQ:HAIR)
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.
Read More: Fundamental Analysis and Choosing Stocks
Receive News & Ratings for Restoration Robotics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Restoration Robotics and related companies with MarketBeat.com's FREE daily email newsletter.