Zacks Investment Research lowered shares of Restoration Robotics (NASDAQ:HAIR) from a hold rating to a sell rating in a research report report published on Thursday morning.
According to Zacks, “Restoration Robotics Inc. is a medical device company. It engaged in developing and commercializing the ARTAS(R) Robotic Hair Restoration System. The company serves physicians and patients primarily in the United States. Restoration Robotics Inc. is based in San Jose, California. “
Several other research firms have also weighed in on HAIR. Roth Capital set a $7.50 target price on Restoration Robotics and gave the stock a buy rating in a report on Thursday, December 14th. ValuEngine upgraded Restoration Robotics from a strong sell rating to a sell rating in a report on Friday, February 2nd. Finally, Craig Hallum assumed coverage on Restoration Robotics in a report on Wednesday, February 14th. They issued a buy rating and a $10.00 target price for the company.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Millennium Management LLC acquired a new stake in Restoration Robotics in the 4th quarter worth approximately $201,000. BlackRock Inc. bought a new position in Restoration Robotics in the 4th quarter worth approximately $265,000. Lombard Odier Asset Management USA Corp bought a new position in Restoration Robotics in the 4th quarter worth approximately $457,000. Royce & Associates LP bought a new position in Restoration Robotics in the 4th quarter worth approximately $575,000. Finally, Clarus Ventures LLC bought a new position in Restoration Robotics in the 4th quarter worth approximately $16,422,000. Hedge funds and other institutional investors own 25.90% of the company’s stock.
About Restoration Robotics
Restoration Robotics, Inc is a medical device company. The Company designs and develops the ARTAS Robotic Hair Transplant System, a physician-assisted system to harvest follicular units directly from the scalp and create recipient implant sites using algorithms. It offers machine vision, image guidance, visual servoing and robotics, as well as develops interfaces to manage these technologies.
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