Todays Report: The B. Riley Begins Coverage on Transenterix Inc (TRXC)

The B. Riley Begins Coverage on Transenterix Inc (TRXC)

B. Riley assumed coverage on shares of Transenterix Inc (NYSEMKT:TRXC) in a report issued on Friday, StockTargetPrices.com reports. The brokerage issued a buy rating and a $3.00 price objective on the stock.

Transenterix (NYSEMKT:TRXC) opened at 2.18 on Friday. The company’s market capitalization is $250.70 million. Transenterix has a 12-month low of $1.03 and a 12-month high of $6.10. The company has a 50 day moving average price of $1.57 and a 200-day moving average price of $1.98.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. National Planning Corp bought a new stake in Transenterix during the first quarter valued at about $365,000. Geode Capital Management LLC raised its stake in Transenterix by 22.8% in the first quarter. Geode Capital Management LLC now owns 387,182 shares of the company’s stock valued at $1,645,000 after buying an additional 71,972 shares during the period. Renaissance Technologies LLC bought a new stake in Transenterix during the first quarter valued at about $133,000. Finally, State Street Corp raised its stake in Transenterix by 65.7% in the first quarter. State Street Corp now owns 684,234 shares of the company’s stock valued at $2,909,000 after buying an additional 271,278 shares during the period.

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