Zacks Investment Research upgraded shares of Restoration Robotics (NASDAQ:HAIR) from a sell rating to a hold rating in a research note issued to investors on Wednesday, June 20th.
According to Zacks, “Restoration Robotics Inc. is a medical device company. It engaged in developing and commercializing the ARTAS(R) Robotic Hair Restoration System. The company serves physicians and patients primarily in the United States. Restoration Robotics Inc. is based in San Jose, California. “
Several other brokerages have also issued reports on HAIR. Roth Capital set a $11.00 price target on shares of Restoration Robotics and gave the company a buy rating in a report on Tuesday, March 20th. ValuEngine raised shares of Restoration Robotics from a sell rating to a hold rating in a report on Wednesday, May 2nd. Finally, Maxim Group began coverage on shares of Restoration Robotics in a report on Thursday, May 31st. They set a buy rating and a $8.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of $9.67.
Shares of HAIR stock opened at $3.47 on Wednesday. The company has a quick ratio of 1.41, a current ratio of 1.55 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $94.68 million and a price-to-earnings ratio of -1.39. Restoration Robotics has a one year low of $2.61 and a one year high of $11.95.
Restoration Robotics (NASDAQ:HAIR) last issued its quarterly earnings data on Monday, May 14th. The company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of ($0.17) by ($0.09). The business had revenue of $5.01 million for the quarter, compared to analyst estimates of $6.64 million. equities research analysts predict that Restoration Robotics will post -0.82 earnings per share for the current fiscal year.
A number of hedge funds have recently made changes to their positions in HAIR. BlackRock Inc. bought a new stake in Restoration Robotics during the 4th quarter valued at $265,000. Royce & Associates LP bought a new stake in shares of Restoration Robotics in the 4th quarter worth $575,000. Clarus Ventures LLC bought a new stake in shares of Restoration Robotics in the 4th quarter worth $16,422,000. Lombard Odier Asset Management USA Corp bought a new stake in shares of Restoration Robotics in the 4th quarter worth $457,000. Finally, Millennium Management LLC bought a new stake in shares of Restoration Robotics in the 4th quarter worth $201,000. Institutional investors and hedge funds own 27.86% of the company’s stock.
About Restoration Robotics
Restoration Robotics, Inc, a medical device company, develops and commercializes image-guided robotic systems in the United States and internationally. The company offers ARTAS System, a physician-assisted robotic system that identifies and dissects hair follicular units directly from the scalp and creates recipient implant sites.
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