William Blair began coverage on shares of Restoration Robotics (NASDAQ:HAIR) in a research report report published on Wednesday morning, The Fly reports. The brokerage issued an outperform rating on the stock.

HAIR has been the subject of a number of other reports. Zacks Investment Research upgraded Restoration Robotics from a sell rating to a hold rating in a research report on Tuesday, July 17th. ValuEngine upgraded Restoration Robotics from a hold rating to a buy rating in a research report on Wednesday, July 4th. Finally, Maxim Group dropped their price target on Restoration Robotics from $8.00 to $6.00 and set a buy rating for the company in a research report on Tuesday, August 14th. Six investment analysts have rated the stock with a buy rating, The stock has an average rating of Buy and a consensus price target of $7.44.

Shares of Restoration Robotics stock opened at $2.42 on Wednesday. Restoration Robotics has a 12 month low of $1.45 and a 12 month high of $11.95. The company has a market cap of $73.50 million and a price-to-earnings ratio of -0.97. The company has a quick ratio of 2.84, a current ratio of 3.19 and a debt-to-equity ratio of 32.03.

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

In other news, Director Frederic H. Moll purchased 333,333 shares of the stock in a transaction dated Thursday, August 9th. The stock was acquired at an average cost of $1.50 per share, for a total transaction of $499,999.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ryan Rhodes purchased 66,666 shares of the stock in a transaction dated Thursday, August 9th. The shares were purchased at an average price of $1.50 per share, with a total value of $99,999.00. The disclosure for this purchase can be found here. Insiders purchased 2,399,999 shares of company stock valued at $3,599,999 over the last quarter. 37.80% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in HAIR. Wells Fargo & Company MN raised its stake in shares of Restoration Robotics by 10,700.4% in the first quarter. Wells Fargo & Company MN now owns 57,566 shares of the company’s stock valued at $359,000 after acquiring an additional 57,033 shares in the last quarter. Cambridge Investment Research Advisors Inc. acquired a new stake in Restoration Robotics in the second quarter valued at $618,000. BlackRock Inc. raised its stake in Restoration Robotics by 97.1% in the first quarter. BlackRock Inc. now owns 113,599 shares of the company’s stock valued at $708,000 after buying an additional 55,954 shares in the last quarter. Royce & Associates LP raised its stake in Restoration Robotics by 40.0% in the second 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 in the last quarter. Finally, Northern Trust Corp acquired a new stake in Restoration Robotics in the first quarter valued at $273,000. 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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