Restoration Robotics (HAIR) Stock Rating Lowered by Zacks Investment Research

Restoration Robotics (NASDAQ:HAIR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Monday.

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. “

Other research analysts have also recently issued research reports about the stock. Maxim Group dropped their target price on shares of Restoration Robotics from $8.00 to $6.00 and set a “buy” rating for the company in a report on Tuesday, August 14th. ValuEngine raised shares of Restoration Robotics from a “hold” rating to a “buy” rating in a report on Wednesday, July 4th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $7.25.

Shares of HAIR stock traded down $0.09 on Monday, reaching $2.54. The company had a trading volume of 180,300 shares, compared to its average volume of 189,883. The stock has a market capitalization of $76.71 million and a P/E ratio of -1.02. The company has a current ratio of 3.19, a quick ratio of 2.84 and a debt-to-equity ratio of 32.03. Restoration Robotics has a one year low of $1.45 and a one year high of $11.95.

Restoration Robotics (NASDAQ:HAIR) last posted its earnings results on Monday, July 30th. The company reported ($0.21) EPS for the quarter, hitting analysts’ consensus estimates of ($0.21). The company had revenue of $5.48 million during the quarter, compared to the consensus estimate of $4.91 million. equities analysts predict that Restoration Robotics will post -0.71 EPS for the current fiscal year.

In other Restoration Robotics news, major shareholder Interwest Partners Ix, Lp acquired 2,000,000 shares of the company’s stock in a transaction that occurred on Thursday, August 9th. The stock was acquired at an average price of $1.50 per share, for a total transaction of $3,000,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Frederic H. Moll acquired 333,333 shares of the company’s stock in a transaction that occurred on Thursday, August 9th. The stock was acquired at an average price of $1.50 per share, with a total value of $499,999.50. The disclosure for this purchase can be found here. Insiders bought 2,399,999 shares of company stock valued at $3,599,999 in the last three months. Company insiders own 37.80% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Wells Fargo & Company MN raised its holdings in Restoration Robotics by 10,700.4% in the 1st quarter. Wells Fargo & Company MN now owns 57,566 shares of the company’s stock valued at $359,000 after buying an additional 57,033 shares during the last quarter. BlackRock Inc. raised its holdings in Restoration Robotics by 97.1% in the 1st quarter. BlackRock Inc. now owns 113,599 shares of the company’s stock valued at $708,000 after buying an additional 55,954 shares during the last quarter. Royce & Associates LP raised its holdings in Restoration Robotics by 40.0% in the 2nd quarter. Royce & Associates LP now owns 350,000 shares of the company’s stock valued at $1,215,000 after buying an additional 100,000 shares during the last quarter. Northern Trust Corp bought a new position in Restoration Robotics in the 1st quarter valued at approximately $273,000. Finally, SeaCrest Wealth Management LLC raised its holdings in Restoration Robotics by 72.9% in the 2nd quarter. SeaCrest Wealth Management LLC now owns 51,565 shares of the company’s stock valued at $179,000 after buying an additional 21,750 shares during the last quarter. Institutional investors and hedge funds own 29.70% of the company’s stock.

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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