Mazor Robotics Ltd – (NASDAQ:MZOR) Receives Consensus Recommendation of “Buy” from Analysts
Shares of Mazor Robotics Ltd – (NASDAQ:MZOR) have been given a consensus recommendation of “Buy” by the six brokerages that are currently covering the company. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $26.50.
Several equities research analysts recently commented on MZOR shares. Standpoint Research started coverage on shares of Mazor Robotics Ltd – in a research report on Friday, July 8th. They issued a “buy” rating and a $30.00 price objective on the stock. Barclays PLC boosted their price objective on shares of Mazor Robotics Ltd – from $16.00 to $23.00 and gave the stock an “overweight” rating in a research report on Thursday, July 14th. Zacks Investment Research lowered shares of Mazor Robotics Ltd – from a “buy” rating to a “hold” rating in a research report on Wednesday, September 14th. Needham & Company LLC reiterated a “hold” rating on shares of Mazor Robotics Ltd – in a research report on Thursday, July 7th. Finally, Sterne Agee CRT lowered shares of Mazor Robotics Ltd – from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 31st.
Mazor Robotics Ltd – (NASDAQ:MZOR) traded up 0.946% on Wednesday, hitting $24.005. 67,027 shares of the stock traded hands. The stock’s market cap is $520.26 million. Mazor Robotics Ltd – has a 12-month low of $8.31 and a 12-month high of $24.79. The firm’s 50-day moving average price is $22.83 and its 200-day moving average price is $16.72.
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Mazor Robotics Ltd – (NASDAQ:MZOR) last released its quarterly earnings data on Tuesday, August 2nd. The company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.02. The business earned $8.30 million during the quarter, compared to analysts’ expectations of $8.51 million. During the same quarter in the prior year, the firm earned ($0.05) earnings per share. Mazor Robotics Ltd -‘s quarterly revenue was up 6.4% on a year-over-year basis. On average, equities research analysts anticipate that Mazor Robotics Ltd – will post ($0.71) EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MZOR. EAM Investors LLC purchased a new position in Mazor Robotics Ltd – during the second quarter worth about $2,348,000. Iguana Healthcare Management LLC raised its position in Mazor Robotics Ltd – 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. Candriam Luxembourg S.C.A. purchased a new position in Mazor Robotics Ltd – during the second quarter worth about $1,079,000. Menta Capital LLC raised its position in Mazor Robotics Ltd – by 81.9% in the first quarter. Menta Capital LLC now owns 37,482 shares of the company’s stock worth $466,000 after buying an additional 16,879 shares during the period. Finally, Cookson Peirce & Co. Inc. purchased a new position in Mazor Robotics Ltd – during the second quarter worth about $192,000.
About Mazor Robotics Ltd –
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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