Ladenburg Thalmann Financial Services set a $67.00 target price on Mazor Robotics Ltd. (NASDAQ:MZOR) in a report published on Monday morning. The brokerage currently has a buy rating on the medical instruments supplier’s stock.
MZOR has been the topic of a number of other reports. Needham & Company LLC reissued a hold rating on shares of Mazor Robotics in a report on Thursday, July 6th. Barclays PLC downgraded Mazor Robotics from an equal weight rating to an underweight rating and reduced their price objective for the stock from $55.00 to $34.00 in a research note on Thursday, October 19th. Finally, Zacks Investment Research downgraded Mazor Robotics from a strong-buy rating to a hold rating in a research note on Friday, October 13th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $39.83.
Shares of Mazor Robotics (MZOR) traded up 7.11% during midday trading on Monday, hitting $64.32. 1,028,778 shares of the stock were exchanged. Mazor Robotics has a 52-week low of $20.19 and a 52-week high of $65.97. The stock’s market cap is $1.55 billion. The firm’s 50 day moving average price is $51.05 and its 200-day moving average price is $41.65.
Mazor Robotics (NASDAQ:MZOR) last posted its quarterly earnings data on Tuesday, August 1st. The medical instruments supplier reported ($0.16) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.25) by $0.09. Mazor Robotics had a negative return on equity of 28.51% and a negative net margin of 37.66%. The firm had revenue of $15.46 million for the quarter, compared to analysts’ expectations of $15.38 million. During the same period in the previous year, the firm earned ($0.09) EPS. The business’s quarterly revenue was up 86.7% on a year-over-year basis. On average, equities research analysts expect that Mazor Robotics will post ($0.77) earnings per share for the current fiscal year.
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Several hedge funds have recently modified their holdings of MZOR. Quantbot Technologies LP purchased a new stake in shares of Mazor Robotics in the 2nd quarter worth $135,000. JPMorgan Chase & Co. lifted its holdings in shares of Mazor Robotics by 398.5% in the 1st quarter. JPMorgan Chase & Co. now owns 6,979 shares of the medical instruments supplier’s stock worth $208,000 after buying an additional 5,579 shares during the period. BB&T Securities LLC purchased a new stake in shares of Mazor Robotics in the 2nd quarter worth $248,000. Dimensional Fund Advisors LP lifted its holdings in shares of Mazor Robotics by 8.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 8,570 shares of the medical instruments supplier’s stock worth $296,000 after buying an additional 641 shares during the period. Finally, ProVise Management Group LLC purchased a new stake in shares of Mazor Robotics in the 2nd quarter worth $422,000. Institutional investors and hedge funds own 25.69% of the company’s stock.
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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