Zacks Investment Research upgraded shares of Restoration Robotics (NASDAQ:HAIR) from a strong sell rating to a hold rating in a report released on Tuesday.
According to Zacks, “Restoration Robotics Inc. is a medical device company. It engaged in developing and commercializing the ARTAS(R) Robotic Hair Restoration System. The company serves physicians and patients primarily in the United States. Restoration Robotics Inc. is based in San Jose, California. “
Several other equities analysts have also issued reports on the company. William Blair initiated coverage on Restoration Robotics in a research note on Wednesday, September 26th. They set an outperform rating on the stock. Maxim Group restated a buy rating and set a $6.00 price target on shares of Restoration Robotics in a research note on Tuesday. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The stock has an average rating of Buy and an average target price of $7.44.
Shares of NASDAQ HAIR traded down $0.02 during trading hours on Tuesday, hitting $0.78. 2,655 shares of the company’s stock were exchanged, compared to its average volume of 394,795. Restoration Robotics has a 1-year low of $0.35 and a 1-year high of $8.20. The company has a debt-to-equity ratio of 2.08, a quick ratio of 3.72 and a current ratio of 4.24. The stock has a market capitalization of $36.61 million, a PE ratio of -0.31 and a beta of 2.15.
Restoration Robotics (NASDAQ:HAIR) last posted its quarterly earnings data on Monday, November 5th. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.04). Restoration Robotics had a negative return on equity of 324.32% and a negative net margin of 103.09%. The business had revenue of $4.82 million for the quarter, compared to analyst estimates of $5.43 million. As a group, equities research analysts forecast that Restoration Robotics will post -0.83 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently modified their holdings of HAIR. Interwest Venture Management Co. increased its stake in Restoration Robotics by 59.6% during the third quarter. Interwest Venture Management Co. now owns 5,355,786 shares of the company’s stock valued at $15,532,000 after acquiring an additional 2,000,000 shares during the period. Royce & Associates LP increased its stake in Restoration Robotics by 180.6% during the third quarter. Royce & Associates LP now owns 982,000 shares of the company’s stock valued at $2,848,000 after acquiring an additional 632,000 shares during the period. Perkins Capital Management Inc. bought a new position in Restoration Robotics during the third quarter valued at about $1,726,000. Vanguard Group Inc increased its stake in Restoration Robotics by 173.2% during the third quarter. Vanguard Group Inc now owns 864,368 shares of the company’s stock valued at $2,507,000 after acquiring an additional 547,968 shares during the period. Finally, Vanguard Group Inc. increased its stake in Restoration Robotics by 173.2% during the third quarter. Vanguard Group Inc. now owns 864,368 shares of the company’s stock valued at $2,507,000 after acquiring an additional 547,968 shares during the period. Hedge funds and other institutional investors own 31.84% of the company’s stock.
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.
Featured Story: What is the float in trading stocks?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.