ARK Investment Management LLC Acquires 85,316 Shares of Nano-X Imaging Ltd. $NNOX

ARK Investment Management LLC increased its holdings in Nano-X Imaging Ltd. (NASDAQ:NNOX) by 37.1% during the 2nd quarter, Holdings Channel reports. The firm owned 315,093 shares of the company’s stock after buying an additional 85,316 shares during the period. ARK Investment Management LLC’s holdings in Nano-X Imaging were worth $1,629,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Gainplan LLC bought a new stake in Nano-X Imaging during the 2nd quarter valued at approximately $59,000. Rhumbline Advisers boosted its position in Nano-X Imaging by 6.6% during the 1st quarter. Rhumbline Advisers now owns 76,728 shares of the company’s stock valued at $383,000 after acquiring an additional 4,756 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Nano-X Imaging by 232.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,160,806 shares of the company’s stock valued at $10,793,000 after acquiring an additional 1,510,806 shares in the last quarter. AQR Capital Management LLC bought a new stake in Nano-X Imaging during the 1st quarter valued at approximately $178,000. Finally, Vident Advisory LLC bought a new stake in Nano-X Imaging during the 1st quarter valued at approximately $55,000. 21.49% of the stock is owned by institutional investors.

Analyst Ratings Changes

NNOX has been the subject of several recent research reports. D. Boral Capital reiterated a “buy” rating and set a $8.00 target price on shares of Nano-X Imaging in a report on Friday, September 19th. Weiss Ratings restated a “sell (d-)” rating on shares of Nano-X Imaging in a report on Wednesday, October 8th. LADENBURG THALM/SH SH raised shares of Nano-X Imaging to a “strong-buy” rating in a research report on Monday, July 14th. Finally, Alliance Global Partners raised shares of Nano-X Imaging to a “strong-buy” rating in a research report on Monday, August 11th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $8.50.

Nano-X Imaging Price Performance

Shares of NNOX stock opened at $4.01 on Thursday. Nano-X Imaging Ltd. has a 1 year low of $3.60 and a 1 year high of $11.00. The firm has a fifty day moving average price of $3.98 and a 200-day moving average price of $4.69. The company has a market cap of $231.70 million, a price-to-earnings ratio of -4.46 and a beta of 1.89.

Nano-X Imaging (NASDAQ:NNOX) last issued its earnings results on Tuesday, August 12th. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.08). The firm had revenue of $3.04 million during the quarter, compared to the consensus estimate of $3.20 million. Nano-X Imaging had a negative return on equity of 32.09% and a negative net margin of 468.29%. Equities research analysts expect that Nano-X Imaging Ltd. will post -0.92 EPS for the current year.

About Nano-X Imaging

Nano-X Imaging Ltd. develops a commercial-grade tomographic imaging device with a digital X-ray source. The company provides teleradiology services and develops artificial intelligence applications to be used in real-world medical imaging applications. Its X-ray source is based on a digital micro-electro-mechanical systems semiconductor cathode.