Restoration Robotics (HAIR) Trading Up 16.8%

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Restoration Robotics Inc (NASDAQ:HAIR) was up 16.8% during trading on Monday . The stock traded as high as $2.40 and last traded at $2.29. Approximately 704,547 shares were traded during trading, an increase of 270% from the average daily volume of 190,446 shares. The stock had previously closed at $1.96.

Several equities research analysts have recently commented on HAIR shares. Zacks Investment Research raised Restoration Robotics from a “sell” rating to a “hold” rating in a research note on Tuesday, July 17th. Maxim Group decreased their price target on Restoration Robotics from $8.00 to $6.00 and set a “buy” rating on the stock in a research note on Tuesday, August 14th. Finally, William Blair started coverage on Restoration Robotics in a research note on Wednesday, September 26th. They set an “outperform” rating on the stock. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $7.44.

The company has a quick ratio of 2.84, a current ratio of 3.19 and a debt-to-equity ratio of 32.03. The company has a market cap of $57.17 million and a PE ratio of -0.81.

Restoration Robotics (NASDAQ:HAIR) last posted its 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). The company had revenue of $4.82 million during the quarter, compared to analysts’ expectations of $5.43 million. As a group, analysts predict that Restoration Robotics Inc will post -0.76 earnings per share for the current year.

In related news, major shareholder Interwest Partners Ix, Lp bought 2,000,000 shares of Restoration Robotics stock in a transaction that occurred on Thursday, August 9th. The shares were purchased at an average price of $1.50 per share, with a total value of $3,000,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Frederic H. Moll bought 333,333 shares of Restoration Robotics stock in a transaction that occurred on Thursday, August 9th. The stock was bought at an average cost of $1.50 per share, for a total transaction of $499,999.50. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 2,399,999 shares of company stock worth $3,599,999. 37.80% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of HAIR. Interwest Venture Management Co. raised its holdings in Restoration Robotics by 59.6% in the 3rd quarter. Interwest Venture Management Co. now owns 5,355,786 shares of the company’s stock valued at $15,532,000 after acquiring an additional 2,000,000 shares during the last quarter. Perkins Capital Management Inc. acquired a new position in Restoration Robotics in the 3rd quarter valued at $1,726,000. Skylands Capital LLC acquired a new position in Restoration Robotics in the 3rd quarter valued at $713,000. SG Americas Securities LLC acquired a new position in Restoration Robotics in the 3rd quarter valued at $527,000. Finally, Cambridge Investment Research Advisors Inc. acquired a new position in Restoration Robotics in the 2nd quarter valued at $618,000. Institutional investors own 39.22% of the company’s stock.

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Restoration Robotics Company Profile (NASDAQ:HAIR)

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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