Mazor Robotics Ltd – (NASDAQ:MZOR)’s share price rose 2.3% on Tuesday . The company traded as high as $20.50 and last traded at $20.06, with a volume of 80,553 shares changing hands. The stock had previously closed at $19.60.

MZOR has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Mazor Robotics Ltd – from a “sell” rating to a “hold” rating in a research report on Thursday, May 19th. Needham & Company LLC reiterated a “hold” rating on shares of Mazor Robotics Ltd – in a research report on Tuesday, May 10th. Standpoint Research initiated coverage on shares of Mazor Robotics Ltd – in a research report on Friday, July 8th. They issued a “buy” rating and a $30.00 price objective on the stock. Barclays PLC lifted their price objective on shares of Mazor Robotics Ltd – from $16.00 to $23.00 and gave the company an “overweight” rating in a research report on Thursday, July 14th. Finally, Sterne Agee CRT lowered shares of Mazor Robotics Ltd – from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 31st. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $21.00.

The company’s market cap is $420.15 million. The company has a 50 day moving average of $17.74 and a 200 day moving average of $12.80.

Mazor Robotics Ltd – (NASDAQ:MZOR) last announced its earnings results on Tuesday, May 10th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.18) by $0.06. The business earned $6.40 million during the quarter, compared to analyst estimates of $6.63 million. During the same period in the previous year, the company earned ($0.11) earnings per share. The business’s revenue for the quarter was up 42.2% on a year-over-year basis. Equities research analysts predict that Mazor Robotics Ltd – will post ($0.41) earnings per share for the current fiscal year.

An institutional investor recently raised its position in Mazor Robotics Ltd – stock. Oracle Investment Management Inc. raised its position in shares of Mazor Robotics Ltd – (NASDAQ:MZOR) by 13.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 holdings, 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 filing with the SEC.

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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