Nano-X Imaging Ltd. (NASDAQ:NNOX) Shares Bought by ARK Investment Management LLC

ARK Investment Management LLC lifted its stake in shares of Nano-X Imaging Ltd. (NASDAQ:NNOX) by 19.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 300,757 shares of the company’s stock after purchasing an additional 48,124 shares during the quarter. ARK Investment Management LLC owned about 0.52% of Nano-X Imaging worth $2,165,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Bank of New York Mellon Corp increased its position in Nano-X Imaging by 4.6% in the fourth quarter. Bank of New York Mellon Corp now owns 146,551 shares of the company’s stock worth $1,055,000 after buying an additional 6,449 shares during the period. Quantum Private Wealth LLC bought a new position in shares of Nano-X Imaging during the fourth quarter worth about $72,000. Rhumbline Advisers increased its holdings in shares of Nano-X Imaging by 2.4% in the 4th quarter. Rhumbline Advisers now owns 71,972 shares of the company’s stock worth $518,000 after acquiring an additional 1,655 shares during the period. Kingsview Wealth Management LLC bought a new stake in Nano-X Imaging in the 4th quarter valued at about $94,000. Finally, Wesbanco Bank Inc. bought a new stake in Nano-X Imaging in the 4th quarter valued at about $178,000. Institutional investors own 21.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Cantor Fitzgerald raised their price target on shares of Nano-X Imaging from $11.00 to $12.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. D. Boral Capital restated a “buy” rating and issued a $23.00 target price on shares of Nano-X Imaging in a research report on Tuesday.

Nano-X Imaging Stock Up 1.7 %

Shares of NASDAQ NNOX opened at $6.40 on Thursday. The stock has a market cap of $369.79 million, a P/E ratio of -7.53 and a beta of 1.96. The firm’s 50-day simple moving average is $7.56 and its 200 day simple moving average is $6.78. Nano-X Imaging Ltd. has a fifty-two week low of $5.27 and a fifty-two week high of $12.65.

Nano-X Imaging Profile

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.