Restoration Robotics (HAIR) Downgraded by Zacks Investment Research

Restoration Robotics (NASDAQ:HAIR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Thursday.

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 research firms have also commented on HAIR. Roth Capital set a $11.00 price target on shares of Restoration Robotics and gave the company a “buy” rating in a research report on Tuesday, March 20th. ValuEngine raised shares of Restoration Robotics from a “strong sell” rating to a “sell” rating in a research report on Friday, February 2nd. Finally, Craig Hallum assumed coverage on shares of Restoration Robotics in a research report on Wednesday, February 14th. They set a “buy” rating and a $10.00 price target for the company.

NASDAQ:HAIR traded down $0.35 during mid-day trading on Thursday, reaching $3.40. The company’s stock had a trading volume of 234,021 shares, compared to its average volume of 133,502. Restoration Robotics has a 1 year low of $3.49 and a 1 year high of $3.90. The firm has a market cap of $107.21 million and a PE ratio of -1.36. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.55 and a quick ratio of 2.06.

Restoration Robotics (NASDAQ:HAIR) last released its quarterly earnings data on Monday, May 14th. The company reported ($0.26) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.17) by ($0.09). The company had revenue of $5.01 million for the quarter, compared to the consensus estimate of $6.64 million. sell-side analysts anticipate that Restoration Robotics will post -0.6 EPS for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the business. Clarus Ventures LLC purchased a new stake in shares of Restoration Robotics during the fourth quarter valued at about $16,422,000. Lombard Odier Asset Management USA Corp purchased a new stake in shares of Restoration Robotics during the fourth quarter valued at about $457,000. Royce & Associates LP purchased a new stake in shares of Restoration Robotics during the fourth quarter valued at about $575,000. BlackRock Inc. purchased a new stake in shares of Restoration Robotics during the fourth quarter valued at about $265,000. Finally, Granite Investment Partners LLC purchased a new stake in shares of Restoration Robotics during the first quarter valued at about $464,000. 26.93% of the stock is owned by institutional investors and hedge funds.

Restoration Robotics Company Profile

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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