Transenterix Inc (TRXC) Given a $5.00 Price Target by Ladenburg Thalmann Financial Services Analysts

Ladenburg Thalmann Financial Services set a $5.00 price objective on Transenterix Inc (NASDAQ:TRXC) in a report released on Friday. The firm currently has a buy rating on the stock.

Separately, Zacks Investment Research lowered shares of Transenterix from a buy rating to a sell rating in a research note on Tuesday, August 8th.

Transenterix (NASDAQ:TRXC) traded up 12.66% during mid-day trading on Friday, reaching $3.47. The company had a trading volume of 21,375,810 shares. The firm’s market capitalization is $515.42 million. The firm has a 50-day moving average price of $1.63 and a 200 day moving average price of $0.95. Transenterix has a 12-month low of $0.45 and a 12-month high of $5.00.

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In related news, insider Todd Pope sold 600,000 shares of the business’s stock in a transaction dated Wednesday, October 18th. The shares were sold at an average price of $3.68, for a total transaction of $2,208,000.00. Following the sale, the insider now owns 462,644 shares of the company’s stock, valued at $1,702,529.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

A number of large investors have recently bought and sold shares of TRXC. Global X Management Co. LLC boosted its stake in Transenterix by 238.3% during the second quarter. Global X Management Co. LLC now owns 331,075 shares of the company’s stock worth $235,000 after acquiring an additional 233,213 shares in the last quarter. LMR Partners LLP bought a new position in shares of Transenterix in the second quarter worth approximately $189,000. UBS Oconnor LLC bought a new position in shares of Transenterix in the second quarter worth approximately $390,000. Goldman Sachs Group Inc. lifted its stake in shares of Transenterix by 7,137.7% in the second quarter. Goldman Sachs Group Inc. now owns 1,203,199 shares of the company’s stock worth $854,000 after buying an additional 1,186,575 shares in the last quarter. Finally, Royal Bank of Canada lifted its stake in shares of Transenterix by 17.1% in the second quarter. Royal Bank of Canada now owns 418,867 shares of the company’s stock worth $298,000 after buying an additional 61,034 shares in the last quarter.

Transenterix Company Profile

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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