B. Riley started coverage on shares of Transenterix Inc (NYSEMKT:TRXC) in a research report sent to investors on Friday morning, StockTargetPrices.com reports. The brokerage issued a buy rating and a $3.00 price objective on the stock.
Shares of Transenterix (NYSEMKT:TRXC) opened at 1.96 on Friday. Transenterix has a 1-year low of $1.03 and a 1-year high of $6.10. The stock’s 50 day moving average is $1.55 and its 200 day moving average is $1.97. The stock’s market capitalization is $225.40 million.
Large investors have recently made changes to their positions in the company. National Planning Corp bought a new stake in shares of Transenterix during the first quarter valued at approximately $365,000. Geode Capital Management LLC raised its stake in shares of Transenterix by 22.8% in the first quarter. Geode Capital Management LLC now owns 387,182 shares of the company’s stock valued at $1,645,000 after buying an additional 71,972 shares in the last quarter. Renaissance Technologies LLC bought a new stake in shares of Transenterix during the first quarter valued at approximately $133,000. Finally, State Street Corp raised its stake in shares of Transenterix by 65.7% in the first quarter. State Street Corp now owns 684,234 shares of the company’s stock valued at $2,909,000 after buying an additional 271,278 shares in the last quarter.
TransEnterix, Inc is a medical device company. The Company is focused on the development and commercialization of ALF-X Surgical Robotic System (the ALF-X System), and SurgiBot System. The Company’s ALF-X System is a multi-port robotic surgery system, which allows multiple robotic arms to control instruments and a camera.
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