Mazor Robotics Ltd. (NASDAQ:MZOR)‘s stock had its “neutral” rating restated by research analysts at B. Riley in a report released on Wednesday. They currently have a $25.00 price target on the stock. B. Riley’s price objective would suggest a potential upside of 10.04% from the company’s previous close.
MZOR has been the topic of several other reports. Needham & Company LLC restated a “hold” rating on shares of Mazor Robotics in a report on Wednesday, July 13th. Barclays PLC raised their target price on Mazor Robotics from $16.00 to $23.00 and gave the company an “overweight” rating in a report on Thursday, July 14th. Finally, Zacks Investment Research lowered Mazor Robotics from a “hold” rating to a “sell” rating in a research note on Friday, October 14th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $26.25.
Mazor Robotics (NASDAQ:MZOR) traded up 0.13% on Wednesday, reaching $22.72. The company’s stock had a trading volume of 17,134 shares. The stock’s 50 day moving average is $0.00 and its 200-day moving average is $0.00. Mazor Robotics has a 52 week low of $8.31 and a 52 week high of $26.55.
Mazor Robotics (NASDAQ:MZOR) last posted its earnings results on Tuesday, November 8th. The company reported ($0.11) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.19) by $0.08. Mazor Robotics had a negative return on equity of 40.07% and a negative net margin of 55.57%. The company had revenue of $7.60 million for the quarter, compared to analyst estimates of $7.69 million. During the same period last year, the company earned ($0.12) earnings per share. The business’s revenue was up 52.0% compared to the same quarter last year. On average, equities research analysts expect that Mazor Robotics will post ($0.75) EPS for the current year.
Several institutional investors have recently bought and sold shares of MZOR. Oracle Investment Management Inc. increased its stake in Mazor Robotics by 13.0% in the fourth quarter. Oracle Investment Management Inc. now owns 2,816,635 shares of the company’s stock worth $28,617,000 after buying an additional 323,724 shares during the period. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Mazor Robotics during the fourth quarter worth $2,594,000. EAM Investors LLC purchased a new stake in Mazor Robotics during the second quarter worth $2,348,000. Iguana Healthcare Management LLC increased its stake in Mazor Robotics by 384.6% in the first quarter. Iguana Healthcare Management LLC now owns 121,151 shares of the company’s stock worth $1,507,000 after buying an additional 96,151 shares during the period. Finally, Credit Suisse AG purchased a new stake in Mazor Robotics during the third quarter worth $1,949,000. Institutional investors and hedge funds own 19.01% of the company’s stock.
About Mazor Robotics