Mazor Robotics Ltd. (MZOR) Shares Up 5.1%
Mazor Robotics Ltd. (NASDAQ:MZOR) shares rose 5.1% during trading on Wednesday . The stock traded as high as $52.20 and last traded at $51.49. Approximately 560,109 shares were traded during trading, an increase of 61% from the average daily volume of 348,042 shares. The stock had previously closed at $48.98.
MZOR has been the topic of several analyst reports. Ladenburg Thalmann Financial Services restated a “buy” rating and set a $46.00 price target on shares of Mazor Robotics in a research note on Monday, June 12th. Needham & Company LLC restated a “hold” rating on shares of Mazor Robotics in a research note on Thursday, July 6th. Finally, Zacks Investment Research lowered shares of Mazor Robotics from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $37.33.
The firm’s market cap is $1.21 billion. The company has a 50-day moving average of $45.25 and a 200 day moving average of $38.25.
Mazor Robotics (NASDAQ:MZOR) last issued its earnings results on Tuesday, August 1st. The medical instruments supplier reported ($0.16) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.25) by $0.09. The business had revenue of $15.46 million for the quarter, compared to the consensus estimate of $15.38 million. Mazor Robotics had a negative net margin of 37.66% and a negative return on equity of 28.51%. The firm’s revenue for the quarter was up 86.7% on a year-over-year basis. During the same period in the previous year, the company earned ($0.09) earnings per share. Equities research analysts forecast that Mazor Robotics Ltd. will post ($0.74) earnings per share for the current year.
Institutional investors and hedge funds have recently modified their holdings of the stock. Credit Suisse AG increased its holdings in Mazor Robotics by 66.5% during 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 last quarter. Private Advisor Group LLC acquired a new position in Mazor Robotics during the second quarter worth $517,000. Biondo Investment Advisors LLC acquired a new position in Mazor Robotics during the second quarter worth $675,000. Driehaus Capital Management LLC acquired a new position in Mazor Robotics during the first quarter worth $3,410,000. Finally, Menta Capital LLC increased its holdings in Mazor Robotics by 85.3% during the second quarter. Menta Capital LLC now owns 50,737 shares of the medical instruments supplier’s stock worth $1,754,000 after buying an additional 23,357 shares during the last quarter. Institutional investors and hedge funds own 25.92% of the company’s stock.
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Mazor Robotics Company Profile
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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