ReWalk Robotics (NASDAQ:LFWD) Research Coverage Started at Laidlaw

Laidlaw started coverage on shares of ReWalk Robotics (NASDAQ:LFWD) in a report issued on Monday, Marketbeat reports. The brokerage issued a buy rating and a $10.00 target price on the stock.

Separately, HC Wainwright reissued a “buy” rating and set a $13.00 price target on shares of ReWalk Robotics in a report on Wednesday, November 13th.

ReWalk Robotics Stock Performance

Shares of NASDAQ LFWD opened at $1.93 on Monday. The company’s fifty day moving average price is $1.72 and its 200 day moving average price is $2.50. ReWalk Robotics has a 1 year low of $1.25 and a 1 year high of $7.70. The company has a market capitalization of $17.00 million, a PE ratio of -0.78 and a beta of 2.05.

ReWalk Robotics (NASDAQ:LFWD) last announced its quarterly earnings results on Tuesday, November 12th. The company reported ($0.35) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.08). ReWalk Robotics had a negative return on equity of 43.02% and a negative net margin of 77.21%. The firm had revenue of $6.13 million for the quarter, compared to analysts’ expectations of $8.38 million. During the same period last year, the company posted ($0.56) earnings per share. On average, equities analysts expect that ReWalk Robotics will post -1.78 EPS for the current year.

Insider Buying and Selling at ReWalk Robotics

In other ReWalk Robotics news, major shareholder Global Fund Lp Lind II sold 381,676 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $3.36, for a total transaction of $1,282,431.36. Following the transaction, the insider now directly owns 1,049,430 shares of the company’s stock, valued at $3,526,084.80. This trade represents a 26.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael Swinford bought 16,471 shares of ReWalk Robotics stock in a transaction dated Wednesday, November 20th. The stock was acquired at an average price of $1.84 per share, with a total value of $30,306.64. Following the completion of the transaction, the director now directly owns 26,511 shares of the company’s stock, valued at approximately $48,780.24. The trade was a 164.05 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 61,000 shares of company stock valued at $115,279 over the last ninety days. Corporate insiders own 2.50% of the company’s stock.

Hedge Funds Weigh In On ReWalk Robotics

A hedge fund recently bought a new stake in ReWalk Robotics stock. Dimensional Fund Advisors LP purchased a new position in ReWalk Robotics Ltd. (NASDAQ:LFWD) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 13,548 shares of the company’s stock, valued at approximately $54,000. Dimensional Fund Advisors LP owned approximately 0.16% of ReWalk Robotics at the end of the most recent quarter. Institutional investors own 26.76% of the company’s stock.

About ReWalk Robotics

ReWalk Robotics Ltd., a medical device company, designs, develops, and commercializes technologies that enable mobility and wellness in rehabilitation and daily life for individuals with physical and neurological conditions in the United States, Europe, the Asia-Pacific, and internationally. It offers ReWalk personal exoskeleton and rehabilitation exoskeleton devices; ReStore, a soft exo-suit intended for use in the rehabilitation of individuals with lower limb disability due to stroke; AlterG Anti-Gravity System for use in physical and neurological rehabilitation and athletic training; MyoCycle devices; and ReBoot, a personal soft exo-suit for home and community use by individuals post-stroke.