Mazor Robotics Ltd. (NASDAQ:MZOR) Given Average Rating of “Hold” by Brokerages
Shares of Mazor Robotics Ltd. (NASDAQ:MZOR) have earned an average recommendation of “Hold” from the ten brokerages that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $35.00.
MZOR has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded Mazor Robotics from a “sell” rating to a “hold” rating in a research report on Saturday, April 22nd. B. Riley reissued a “neutral” rating and issued a $25.00 price objective on shares of Mazor Robotics in a research note on Wednesday, April 19th. Needham & Company LLC reissued a “hold” rating on shares of Mazor Robotics in a research note on Wednesday, May 24th. First Analysis downgraded Mazor Robotics from an “overweight” rating to an “equal weight” rating and increased their price objective for the company from $28.00 to $38.00 in a research note on Thursday, May 11th. Finally, Barclays PLC downgraded Mazor Robotics from an “overweight” rating to an “equal weight” rating and increased their price objective for the company from $31.00 to $32.00 in a research note on Monday, April 24th. They noted that the move was a valuation call.
Mazor Robotics (MZOR) traded down 1.7966% during midday trading on Monday, hitting $41.0392. 196,218 shares of the stock traded hands. The company’s 50 day moving average price is $37.52 and its 200 day moving average price is $28.88. The firm’s market cap is $979.81 million. Mazor Robotics has a 12 month low of $19.20 and a 12 month high of $45.64.
Mazor Robotics (NASDAQ:MZOR) last announced its earnings results on Wednesday, May 10th. The medical instruments supplier reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.20) by $0.02. Mazor Robotics had a negative net margin of 45.08% and a negative return on equity of 30.90%. The business had revenue of $11.70 million for the quarter, compared to analysts’ expectations of $11.49 million. During the same quarter last year, the business earned ($0.10) EPS. The company’s quarterly revenue was up 82.8% on a year-over-year basis. Equities research analysts predict that Mazor Robotics will post ($0.87) earnings per share for the current fiscal year.
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Several hedge funds have recently modified their holdings of MZOR. Nepsis Capital Management Inc. bought a new stake in shares of Mazor Robotics during the second quarter worth about $5,873,000. OppenheimerFunds Inc. increased its stake in shares of Mazor Robotics by 21.0% in the first quarter. OppenheimerFunds Inc. now owns 915,780 shares of the medical instruments supplier’s stock worth $27,263,000 after buying an additional 158,690 shares during the period. Credit Agricole S A bought a new stake in shares of Mazor Robotics during the first quarter worth about $3,929,000. Credit Suisse AG increased its stake in shares of Mazor Robotics by 66.5% in the first quarter. Credit Suisse AG now owns 330,000 shares of the medical instruments supplier’s stock worth $9,824,000 after buying an additional 131,804 shares during the period. Finally, Driehaus Capital Management LLC bought a new stake in shares of Mazor Robotics during the first quarter worth about $3,410,000. 27.13% of the stock is owned by institutional investors and hedge funds.
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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