ReWalk Robotics Ltd (RWLK) Given a $4.00 Price Target at Oppenheimer Holdings, Inc.
Oppenheimer Holdings, Inc. set a $4.00 price objective on ReWalk Robotics Ltd (NASDAQ:RWLK) in a research report released on Friday morning. The firm currently has a buy rating on the medical device company’s stock.
Several other equities research analysts have also recently commented on RWLK. Canaccord Genuity lowered their target price on ReWalk Robotics from $4.00 to $3.00 and set a buy rating for the company in a research note on Friday. Zacks Investment Research cut ReWalk Robotics from a buy rating to a hold rating in a research note on Wednesday, July 5th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $4.00.
Shares of ReWalk Robotics (RWLK) traded up 3.33% during mid-day trading on Friday, hitting $1.55. The stock had a trading volume of 392,772 shares. ReWalk Robotics has a 12-month low of $1.10 and a 12-month high of $7.85. The stock’s market cap is $25.85 million. The firm’s 50-day moving average price is $1.58 and its 200 day moving average price is $1.77.
ReWalk Robotics (NASDAQ:RWLK) last released its earnings results on Thursday, August 3rd. The medical device company reported ($0.29) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.35) by $0.06. The company had revenue of $2.01 million during the quarter, compared to analysts’ expectations of $1.71 million. ReWalk Robotics had a negative return on equity of 478.84% and a negative net margin of 389.13%. The business’s revenue for the quarter was up 145.7% on a year-over-year basis. During the same period last year, the firm earned ($0.64) EPS. Equities analysts forecast that ReWalk Robotics will post ($1.30) EPS for the current fiscal year.
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In related news, major shareholder Scp Vitalife Partners Ii Lp sold 65,218 shares of ReWalk Robotics stock in a transaction on Tuesday, June 27th. The stock was sold at an average price of $3.05, for a total transaction of $198,914.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Scp Vitalife Partners (Israel) sold 9,271 shares of ReWalk Robotics stock in a transaction on Monday, June 26th. The stock was sold at an average price of $3.00, for a total value of $27,813.00. The disclosure for this sale can be found here. Insiders sold a total of 199,883 shares of company stock valued at $604,772 over the last three months. Insiders own 13.70% of the company’s stock.
An institutional investor recently raised its position in ReWalk Robotics stock. Renaissance Technologies LLC increased its position in ReWalk Robotics Ltd (NASDAQ:RWLK) by 61.7% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 78,600 shares of the medical device company’s stock after buying an additional 30,000 shares during the period. Renaissance Technologies LLC owned about 0.48% of ReWalk Robotics worth $165,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 4.46% of the company’s stock.
ReWalk Robotics Company Profile
ReWalk Robotics Ltd. is a medical device company. The Company is engaged in designing, developing and commercializing exoskeletons that allow individuals with mobility impairments or other medical conditions the ability to stand and walk once again. The Company offers ReWalk, which is an exoskeleton that uses its tilt-sensor technology and an on-board computer and motion sensors to drive motorized legs that power movement.
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