Mazor Robotics (NASDAQ:MZOR) Earns Sell Rating from Barclays

Barclays reiterated their sell rating on shares of Mazor Robotics (NASDAQ:MZOR) in a research report released on Tuesday, January 9th. Barclays currently has a $36.00 price objective on the medical instruments supplier’s stock.

Several other research analysts also recently commented on the stock. Zacks Investment Research raised shares of Mazor Robotics from a hold rating to a buy rating and set a $61.00 price target on the stock in a research note on Wednesday, December 13th. BidaskClub downgraded shares of Mazor Robotics from a strong-buy rating to a buy rating in a research report on Saturday, December 2nd. TheStreet raised shares of Mazor Robotics from a d rating to a c- rating in a research report on Wednesday, November 8th. Needham & Company LLC restated a hold rating on shares of Mazor Robotics in a report on Tuesday, November 7th. Finally, Ladenburg Thalmann Financial Services set a $67.00 price target on shares of Mazor Robotics and gave the company a buy rating in a report on Monday, October 30th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $43.50.

Shares of Mazor Robotics (NASDAQ MZOR) traded up $0.51 on Tuesday, hitting $59.31. 261,303 shares of the stock traded hands, compared to its average volume of 521,062. Mazor Robotics has a 1-year low of $20.69 and a 1-year high of $65.97. The stock has a market capitalization of $1,600.00, a P/E ratio of -84.73 and a beta of 0.96.

Mazor Robotics (NASDAQ:MZOR) last posted its quarterly earnings results on Tuesday, November 7th. The medical instruments supplier reported ($0.15) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.34) by $0.19. Mazor Robotics had a negative net margin of 28.80% and a negative return on equity of 22.68%. analysts expect that Mazor Robotics will post -0.74 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in MZOR. Quantbot Technologies LP acquired a new stake in Mazor Robotics during the 2nd quarter valued at approximately $135,000. Advisor Group Inc. lifted its stake in Mazor Robotics by 365.8% during the 3rd quarter. Advisor Group Inc. now owns 2,795 shares of the medical instruments supplier’s stock valued at $138,000 after acquiring an additional 2,195 shares during the period. Ladenburg Thalmann Financial Services Inc. lifted its stake in Mazor Robotics by 107.3% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,811 shares of the medical instruments supplier’s stock valued at $188,000 after acquiring an additional 1,973 shares during the period. Halbert Hargrove Russell LLC acquired a new stake in Mazor Robotics during the 3rd quarter valued at approximately $214,000. Finally, Stratos Wealth Partners LTD. acquired a new stake in Mazor Robotics during the 3rd quarter valued at approximately $216,000. Institutional investors and hedge funds own 26.37% of the company’s stock.

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Mazor Robotics Company Profile

Mazor Robotics Ltd is an Israel-based medical device company that develops and markets surgical guidance systems and complementary products. It develops computerized and imaging-based systems in the field of spine surgery. Its products include: Renaissance Surgical Guidance System, which enables surgeons to advance from freehand surgical procedures to guided procedures, as well as Food and Drug Administration (FDA)-cleared and European Conformity (CE)-marked Renaissance System, used in spine surgeries, whether open or minimally invasive, for a number of clinical indications.

Analyst Recommendations for Mazor Robotics (NASDAQ:MZOR)

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