RxSight, Inc. (NASDAQ:RXST) Given Consensus Rating of “Hold” by Brokerages

Shares of RxSight, Inc. (NASDAQ:RXSTGet Free Report) have received an average recommendation of “Hold” from the ten research firms that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $37.90.

RXST has been the topic of a number of recent analyst reports. Piper Sandler initiated coverage on RxSight in a report on Tuesday, April 15th. They issued a “neutral” rating and a $18.00 price objective on the stock. Wells Fargo & Company upgraded shares of RxSight from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $17.00 to $25.00 in a research note on Monday, May 19th. Stifel Nicolaus dropped their price objective on shares of RxSight from $33.00 to $28.00 and set a “hold” rating on the stock in a research note on Wednesday, March 19th. Bank of America restated an “underperform” rating and issued a $22.00 price target (down from $36.00) on shares of RxSight in a research note on Thursday, April 3rd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $43.00 price target on shares of RxSight in a research report on Thursday, April 3rd.

View Our Latest Research Report on RxSight

Institutional Trading of RxSight

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Private Trust Co. NA bought a new position in shares of RxSight in the 4th quarter valued at approximately $34,000. State of Wyoming acquired a new stake in shares of RxSight during the 4th quarter valued at about $37,000. Coppell Advisory Solutions LLC grew its position in RxSight by 108.9% in the fourth quarter. Coppell Advisory Solutions LLC now owns 1,289 shares of the company’s stock valued at $44,000 after acquiring an additional 672 shares during the period. Arcadia Investment Management Corp MI acquired a new stake in shares of RxSight during the 4th quarter worth about $46,000. Finally, Global Retirement Partners LLC bought a new position in shares of RxSight in the fourth quarter valued at approximately $69,000. Institutional investors and hedge funds own 78.78% of the company’s stock.

RxSight Stock Performance

RxSight stock opened at $14.21 on Friday. RxSight has a 1 year low of $12.53 and a 1 year high of $60.81. The company’s fifty day moving average price is $14.86 and its 200 day moving average price is $25.68. The stock has a market capitalization of $577.45 million, a P/E ratio of -17.12 and a beta of 1.29.

RxSight (NASDAQ:RXSTGet Free Report) last issued its earnings results on Wednesday, May 7th. The company reported ($0.03) EPS for the quarter, hitting analysts’ consensus estimates of ($0.03). RxSight had a negative net margin of 23.92% and a negative return on equity of 14.00%. The company had revenue of $37.90 million for the quarter, compared to the consensus estimate of $38.74 million. During the same period in the previous year, the firm earned ($0.25) earnings per share. RxSight’s quarterly revenue was up 28.5% compared to the same quarter last year. Sell-side analysts predict that RxSight will post -0.7 EPS for the current year.

About RxSight

(Get Free Report

RxSight, Inc, a commercial-stage medical device company, engages in the research and development, manufacture, and sale of light adjustable intraocular lenses (LAL) used in cataract surgery in the United States and internationally. It offers RxSight system that enables doctors to customize and enhance the visual acuity for patients after cataract surgery.

Further Reading

Analyst Recommendations for RxSight (NASDAQ:RXST)

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