Shares of Mazor Robotics Ltd – (NASDAQ:MZOR) hit a new 52-week high during trading on Tuesday . The stock traded as high as $21.47 and last traded at $20.66, with a volume of 214,588 shares trading hands. The stock had previously closed at $20.27.

MZOR has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of Mazor Robotics Ltd – from a “sell” rating to a “hold” rating in a research note on Thursday, May 19th. Needham & Company LLC reiterated a “hold” rating on shares of Mazor Robotics Ltd – in a research note on Tuesday, May 10th. Standpoint Research initiated coverage on shares of Mazor Robotics Ltd – in a research note on Friday, July 8th. They issued a “buy” rating and a $30.00 price objective for the company. Sterne Agee CRT cut shares of Mazor Robotics Ltd – from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 31st. Finally, Wells Fargo & Co. upgraded shares of Mazor Robotics Ltd – from a “market perform” rating to an “outperform” rating in a research note on Thursday, May 19th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $20.00.

The firm’s market capitalization is $430.71 million. The firm’s 50-day moving average is $17.47 and its 200-day moving average is $12.56.

Mazor Robotics Ltd – (NASDAQ:MZOR) last issued its earnings results on Tuesday, May 10th. The company reported ($0.12) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.06. The business earned $6.40 million during the quarter, compared to analyst estimates of $6.63 million. Mazor Robotics Ltd -‘s revenue for the quarter was up 42.2% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.11) EPS. Analysts anticipate that Mazor Robotics Ltd – will post ($0.42) earnings per share for the current fiscal year.

An institutional investor recently raised its position in Mazor Robotics Ltd – stock. Oracle Investment Management Inc. increased its position in Mazor Robotics Ltd – (NASDAQ:MZOR) by 13.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,816,635 shares of the company’s stock after buying an additional 323,724 shares during the period. Mazor Robotics Ltd – makes up about 5.0% of Oracle Investment Management Inc.’s investment portfolio, making the stock its 7th largest position. Oracle Investment Management Inc. owned 13.31% of Mazor Robotics Ltd – worth $28,617,000 as of its most recent SEC filing.

Mazor Robotics Ltd is an Israel-based medical device company that develops and markets surgical guidance systems and complementary products. It develops computerized and imaging-based systems in the field of spine surgery. Its products include: Renaissance Surgical Guidance System, which enables surgeons to advance from freehand surgical procedures to guided procedures, as well as Food and Drug Administration (FDA)-cleared and European Conformity (CE)-marked Renaissance System, used in spine surgeries, whether open or minimally invasive, for a number of clinical indications.

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