Restoration Robotics (HAIR) Earns Buy Rating from Maxim Group

Maxim Group restated their buy rating on shares of Restoration Robotics (NASDAQ:HAIR) in a report issued on Tuesday morning. They currently have a $6.00 price objective on the stock.

“Market open, HAIR reported better-than-expected preliminary 4Q18 revenue and system shipments. The company completed its Standards audit, which represents a major milestone towards final CE Mark clearance for the ARTAS iX System. 2018, HAIR filed for a mixed shelf of up to $100M. The company plans to report full 4Q18 results in early March 2019.”,” Maxim Group’s analyst commented.

A number of other brokerages have also issued reports on HAIR. Zacks Investment Research lowered shares of Restoration Robotics from a buy rating to a hold rating in a research note on Monday, September 24th. William Blair began coverage on shares of Restoration Robotics in a research note on Wednesday, September 26th. They set an outperform rating on the stock. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Restoration Robotics currently has an average rating of Buy and a consensus price target of $7.44.

Shares of Restoration Robotics stock traded down $0.03 on Tuesday, reaching $0.77. 3,655 shares of the stock were exchanged, compared to its average volume of 394,795. Restoration Robotics has a 1-year low of $0.35 and a 1-year high of $8.20. The company has a quick ratio of 3.72, a current ratio of 4.24 and a debt-to-equity ratio of 2.08. The firm has a market cap of $36.61 million, a price-to-earnings ratio of -0.31 and a beta of 2.15.

Restoration Robotics (NASDAQ:HAIR) last issued its quarterly earnings results on Monday, November 5th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.04). Restoration Robotics had a negative return on equity of 324.32% and a negative net margin of 103.09%. The firm had revenue of $4.82 million for the quarter, compared to analyst estimates of $5.43 million. Equities research analysts anticipate that Restoration Robotics will post -0.83 EPS for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Blair William & Co. IL acquired a new position in Restoration Robotics during the third quarter worth about $174,000. Bainco International Investors acquired a new position in Restoration Robotics during the second quarter worth about $224,000. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Restoration Robotics in the second quarter valued at about $618,000. SG Americas Securities LLC purchased a new stake in shares of Restoration Robotics in the third quarter valued at about $527,000. Finally, Skylands Capital LLC purchased a new stake in shares of Restoration Robotics in the third quarter valued at about $713,000. Institutional investors own 31.84% 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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