Westmount Partners LLC Has $125,000 Holdings in Nano-X Imaging Ltd. $NNOX

Westmount Partners LLC cut its holdings in shares of Nano-X Imaging Ltd. (NASDAQ:NNOX) by 17.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 24,200 shares of the company’s stock after selling 5,000 shares during the quarter. Westmount Partners LLC’s holdings in Nano-X Imaging were worth $125,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. PFG Advisors lifted its holdings in shares of Nano-X Imaging by 25.3% during the 1st quarter. PFG Advisors now owns 12,782 shares of the company’s stock valued at $64,000 after buying an additional 2,582 shares during the last quarter. OneDigital Investment Advisors LLC lifted its holdings in shares of Nano-X Imaging by 16.5% during the 1st quarter. OneDigital Investment Advisors LLC now owns 32,271 shares of the company’s stock valued at $161,000 after buying an additional 4,570 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of Nano-X Imaging by 6.6% during the 1st quarter. Rhumbline Advisers now owns 76,728 shares of the company’s stock valued at $383,000 after buying an additional 4,756 shares during the last quarter. ProShare Advisors LLC lifted its holdings in shares of Nano-X Imaging by 50.9% during the 4th quarter. ProShare Advisors LLC now owns 15,464 shares of the company’s stock valued at $111,000 after buying an additional 5,216 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Nano-X Imaging by 1,755.9% during the 1st quarter. GAMMA Investing LLC now owns 7,962 shares of the company’s stock valued at $40,000 after buying an additional 7,533 shares during the last quarter. 21.49% of the stock is currently owned by institutional investors and hedge funds.

Nano-X Imaging Price Performance

Shares of NNOX stock opened at $3.92 on Wednesday. The stock’s fifty day simple moving average is $4.47 and its 200 day simple moving average is $4.97. The firm has a market cap of $226.50 million, a price-to-earnings ratio of -4.36 and a beta of 1.94. Nano-X Imaging Ltd. has a one year low of $3.63 and a one year high of $11.00.

Nano-X Imaging (NASDAQ:NNOX) last announced its quarterly earnings results on Tuesday, August 12th. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.08). The company had revenue of $3.04 million during the quarter, compared to analyst estimates of $3.20 million. Nano-X Imaging had a negative net margin of 468.29% and a negative return on equity of 32.09%. On average, research analysts anticipate that Nano-X Imaging Ltd. will post -0.92 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on NNOX. LADENBURG THALM/SH SH upgraded Nano-X Imaging to a “strong-buy” rating in a report on Monday, July 14th. D. Boral Capital reduced their price target on Nano-X Imaging from $10.00 to $8.00 and set a “buy” rating for the company in a report on Wednesday, August 13th. Finally, Alliance Global Partners upgraded Nano-X Imaging to a “strong-buy” rating in a report on Monday, August 11th. Two research analysts have rated the stock with a Strong Buy rating and two have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, Nano-X Imaging currently has an average rating of “Strong Buy” and an average price target of $8.50.

About Nano-X Imaging

Nano-X Imaging Ltd. develops a commercial-grade tomographic imaging device with a digital X-ray source. The company provides teleradiology services and develops artificial intelligence applications to be used in real-world medical imaging applications. Its X-ray source is based on a digital micro-electro-mechanical systems semiconductor cathode.