Mazor Robotics Ltd. (MZOR) PT Raised to $28.00 at Barclays PLC
Mazor Robotics Ltd. (NASDAQ:MZOR) had its price target hoisted by equities research analysts at Barclays PLC from $24.00 to $28.00 in a note issued to investors on Tuesday. The firm presently has an “overweight” rating on the stock. Barclays PLC’s target price would indicate a potential upside of 13.91% from the company’s current price.
A number of other research firms have also recently weighed in on MZOR. B. Riley assumed coverage on shares of Mazor Robotics in a research note on Thursday, October 6th. They set a “neutral” rating and a $25.00 target price on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of Mazor Robotics in a research note on Wednesday, July 13th. Standpoint Research assumed coverage on shares of Mazor Robotics in a research note on Friday, July 8th. They set a “buy” rating and a $30.00 target price on the stock. Finally, Zacks Investment Research raised shares of Mazor Robotics from a “sell” rating to a “hold” rating and set a $22.00 target price on the stock in a research note on Tuesday, July 19th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $26.25.
Shares of Mazor Robotics (NASDAQ:MZOR) opened at 24.58 on Tuesday. Mazor Robotics has a 52 week low of $8.31 and a 52 week high of $26.55. The firm’s market cap is $532.72 million. The company’s 50-day moving average price is $23.36 and its 200 day moving average price is $18.23.
Mazor Robotics (NASDAQ:MZOR) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.02. The business had revenue of $8.30 million for the quarter, compared to analysts’ expectations of $8.51 million. Mazor Robotics had a negative net margin of 60.75% and a negative return on equity of 42.30%. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period last year, the firm posted ($0.05) earnings per share. On average, equities analysts anticipate that Mazor Robotics will post ($0.71) earnings per share for the current year.
Several hedge funds have recently modified their holdings of MZOR. Cookson Peirce & Co. Inc. acquired a new stake in shares of Mazor Robotics during the second quarter valued at $192,000. Trellus Management Company LLC raised its position in Mazor Robotics by 11.6% in the second quarter. Trellus Management Company LLC now owns 23,982 shares of the company’s stock valued at $431,000 after buying an additional 2,500 shares during the last quarter. Menta Capital LLC raised its position in Mazor Robotics by 81.9% in the first quarter. Menta Capital LLC now owns 37,482 shares of the company’s stock valued at $466,000 after buying an additional 16,879 shares during the last quarter. Candriam Luxembourg S.C.A. purchased a new position in Mazor Robotics during the second quarter valued at about $1,079,000. Finally, Iguana Healthcare Management LLC raised its position in Mazor Robotics by 384.6% in the first quarter. Iguana Healthcare Management LLC now owns 121,151 shares of the company’s stock valued at $1,507,000 after buying an additional 96,151 shares during the last quarter. 18.71% of the stock is currently owned by institutional investors.
About Mazor Robotics
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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