Mazor Robotics Ltd – (NASDAQ:MZOR) shares dropped 3.9% during mid-day trading on Wednesday . The company traded as low as $20.27 and last traded at $20.31, with a volume of 225,334 shares changing hands. The stock had previously closed at $21.13.

MZOR has been the subject of a number of research analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Mazor Robotics Ltd – in a report on Wednesday, April 6th. Wells Fargo & Co. raised Mazor Robotics Ltd – from a “market perform” rating to an “outperform” rating in a report on Thursday, May 19th. Zacks Investment Research raised Mazor Robotics Ltd – from a “sell” rating to a “hold” rating in a report on Tuesday, June 14th. Standpoint Research initiated coverage on Mazor Robotics Ltd – in a report on Friday, July 8th. They issued a “buy” rating and a $30.00 price target for the company. Finally, Sterne Agee CRT cut Mazor Robotics Ltd – from a “buy” rating to a “neutral” rating in a report on Tuesday, May 31st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $20.00.

The company has a 50 day moving average price of $17.47 and a 200 day moving average price of $12.56. The stock’s market capitalization is $430.71 million.

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

A hedge fund recently raised its stake in Mazor Robotics Ltd – stock. Oracle Investment Management Inc. raised its stake in Mazor Robotics Ltd – (NASDAQ:MZOR) by 13.0% during the fourth quarter, according to its most recent disclosure 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 – accounts for approximately 5.0% of Oracle Investment Management Inc.’s portfolio, making the stock its 7th largest position. Oracle Investment Management Inc. owned 13.31% of Mazor Robotics Ltd – worth $28,617,000 at the end of the most recent quarter.

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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