Insider Buying: Viewray Inc (NASDAQ:VRAY) CEO Buys 131,260 Shares of Stock

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Viewray Inc (NASDAQ:VRAY) CEO Scott William Drake acquired 131,260 shares of Viewray stock in a transaction dated Tuesday, August 13th. The shares were acquired at an average cost of $3.81 per share, with a total value of $500,100.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of NASDAQ:VRAY opened at $3.93 on Friday. Viewray Inc has a one year low of $2.76 and a one year high of $10.73. The company has a 50 day moving average of $8.08 and a 200-day moving average of $8.07. The company has a debt-to-equity ratio of 0.47, a current ratio of 4.28 and a quick ratio of 3.21. The stock has a market cap of $387.03 million, a price-to-earnings ratio of -4.01 and a beta of 0.79.

Viewray (NASDAQ:VRAY) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.32) EPS for the quarter, missing the consensus estimate of ($0.23) by ($0.09). Viewray had a negative return on equity of 62.98% and a negative net margin of 128.13%. The business had revenue of $30.17 million for the quarter, compared to analyst estimates of $25.92 million. During the same quarter in the prior year, the firm earned ($0.30) EPS. The firm’s quarterly revenue was up 83.5% compared to the same quarter last year. Equities research analysts anticipate that Viewray Inc will post -1.18 earnings per share for the current year.

Large investors have recently modified their holdings of the company. Marshall Wace LLP grew its position in shares of Viewray by 47.1% during the 1st quarter. Marshall Wace LLP now owns 131,179 shares of the company’s stock worth $970,000 after buying an additional 42,015 shares during the period. Candriam Luxembourg S.C.A. grew its position in shares of Viewray by 1,204.8% during the 1st quarter. Candriam Luxembourg S.C.A. now owns 132,857 shares of the company’s stock worth $982,000 after buying an additional 122,675 shares during the period. Northern Trust Corp grew its position in shares of Viewray by 2.7% during the 4th quarter. Northern Trust Corp now owns 836,280 shares of the company’s stock worth $5,077,000 after buying an additional 22,187 shares during the period. Penn Capital Management Co. Inc. grew its position in shares of Viewray by 6.0% during the 1st quarter. Penn Capital Management Co. Inc. now owns 554,892 shares of the company’s stock worth $4,101,000 after buying an additional 31,327 shares during the period. Finally, LVZ Advisors Inc. acquired a new stake in shares of Viewray during the 1st quarter worth approximately $246,000.

A number of research firms have recently commented on VRAY. ValuEngine downgraded shares of Viewray from a “buy” rating to a “hold” rating in a report on Saturday, August 10th. TheStreet cut shares of Viewray from a “c-” rating to a “d” rating in a research report on Friday, May 3rd. BidaskClub upgraded shares of Viewray from a “strong sell” rating to a “sell” rating in a research report on Thursday. Mizuho restated a “buy” rating and issued a $9.00 price objective on shares of Viewray in a research report on Sunday, August 11th. Finally, Morgan Stanley set a $5.00 price objective on shares of Viewray and gave the company a “hold” rating in a research report on Monday. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $11.75.

Viewray Company Profile

ViewRay, Inc designs, manufactures and markets MRIdian, the magnetic resonance imaging (MRI)-guided radiation therapy system to image and treat cancer patients simultaneously. The Company offers radiation therapy technology combined with magnetic resonance imaging. MRIdian integrates MRI technology, radiation delivery and the Company’s software to locate, target and track the position and shape of soft-tissue tumors while radiation is delivered.

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Insider Buying and Selling by Quarter for Viewray (NASDAQ:VRAY)

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