Ladenburg Thalmann Financial Services set a $54.00 price objective on Mazor Robotics Ltd. (NASDAQ:MZOR) in a research note released on Wednesday. The brokerage currently has a buy rating on the medical instruments supplier’s stock.

MZOR has been the topic of several other research reports. JMP Securities downgraded Mazor Robotics from an outperform rating to a market perform rating in a research report on Friday, May 12th. They noted that the move was a valuation call. Needham & Company LLC restated a hold rating on shares of Mazor Robotics in a research report on Thursday, July 6th. Zacks Investment Research downgraded Mazor Robotics from a hold rating to a sell rating in a research report on Tuesday, July 18th. Wells Fargo & Company downgraded Mazor Robotics from an outperform rating to a market perform rating in a research report on Thursday, May 11th. Finally, ValuEngine upgraded Mazor Robotics from a sell rating to a hold rating in a research report on Friday, June 2nd. 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’s stock. The company presently has an average rating of Hold and an average target price of $37.33.

Mazor Robotics (MZOR) traded up 4.15% during mid-day trading on Wednesday, reaching $49.23. The company had a trading volume of 301,746 shares. The company’s 50-day moving average is $39.58 and its 200-day moving average is $34.25. The stock’s market capitalization is $1.19 billion. Mazor Robotics has a one year low of $20.19 and a one year high of $49.64.

Mazor Robotics (NASDAQ:MZOR) last posted its earnings results on Tuesday, August 1st. The medical instruments supplier reported ($0.16) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.25) by $0.09. The firm had revenue of $15.46 million for the quarter, compared to the consensus estimate of $15.38 million. Mazor Robotics had a negative return on equity of 28.51% and a negative net margin of 37.66%. The business’s quarterly revenue was up 86.7% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.09) earnings per share. Equities research analysts anticipate that Mazor Robotics will post ($0.75) earnings per share for the current year.

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Several large investors have recently modified their holdings of the company. Dimensional Fund Advisors LP increased its stake in shares of Mazor Robotics by 8.1% in the second quarter. Dimensional Fund Advisors LP now owns 8,570 shares of the medical instruments supplier’s stock worth $296,000 after buying an additional 641 shares during the period. Royal Bank of Canada increased its stake in shares of Mazor Robotics by 9.2% in the second quarter. Royal Bank of Canada now owns 21,663 shares of the medical instruments supplier’s stock worth $749,000 after buying an additional 1,819 shares during the period. UBS Group AG increased its stake in shares of Mazor Robotics by 2.4% in the first quarter. UBS Group AG now owns 99,954 shares of the medical instruments supplier’s stock worth $2,976,000 after buying an additional 2,379 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Mazor Robotics during the second quarter worth about $135,000. Finally, JPMorgan Chase & Co. increased its stake in shares of Mazor Robotics by 398.5% in the first quarter. JPMorgan Chase & Co. now owns 6,979 shares of the medical instruments supplier’s stock worth $208,000 after buying an additional 5,579 shares during the period. Institutional investors own 27.52% of the company’s stock.

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.

Analyst Recommendations for Mazor Robotics (NASDAQ:MZOR)

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