Restoration Robotics Inc (NASDAQ:HAIR) – Research analysts at William Blair lowered their FY2018 earnings estimates for Restoration Robotics in a report released on Monday, November 5th. William Blair analyst M. Kaczor now forecasts that the company will earn ($0.85) per share for the year, down from their prior estimate of ($0.77). William Blair has a “Outperform” rating on the stock. William Blair also issued estimates for Restoration Robotics’ Q4 2018 earnings at ($0.18) EPS, Q1 2019 earnings at ($0.20) EPS, Q2 2019 earnings at ($0.19) EPS, Q3 2019 earnings at ($0.18) EPS, Q4 2019 earnings at ($0.17) EPS and FY2019 earnings at ($0.73) EPS.
Other research analysts also recently issued reports about the company. Maxim Group dropped their price target on Restoration Robotics from $8.00 to $6.00 and set a “buy” rating on the stock in a research note on Tuesday, August 14th. Zacks Investment Research raised Restoration Robotics from a “hold” rating to a “buy” rating and set a $2.75 price target on the stock in a research note on Wednesday, September 26th. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $7.44.
Restoration Robotics (NASDAQ:HAIR) last posted its quarterly earnings results on Monday, November 5th. The company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.04). Restoration Robotics had a negative return on equity of 324.32% and a negative net margin of 103.09%. The firm had revenue of $4.82 million for the quarter, compared to analyst estimates of $5.43 million.
A number of institutional investors and hedge funds have recently modified their holdings of HAIR. SeaCrest Wealth Management LLC increased its holdings in Restoration Robotics by 72.9% during the 2nd quarter. SeaCrest Wealth Management LLC now owns 51,565 shares of the company’s stock worth $179,000 after purchasing an additional 21,750 shares in the last quarter. Bainco International Investors bought a new stake in Restoration Robotics during the 2nd quarter worth approximately $224,000. Northern Trust Corp bought a new stake in Restoration Robotics during the 1st quarter worth approximately $273,000. Wells Fargo & Company MN increased its holdings in Restoration Robotics by 10,700.4% during the 1st quarter. Wells Fargo & Company MN now owns 57,566 shares of the company’s stock worth $359,000 after purchasing an additional 57,033 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in Restoration Robotics during the 3rd quarter worth approximately $527,000. 39.22% of the stock is owned by hedge funds and other institutional investors.
About Restoration Robotics
Restoration Robotics, Inc, a medical device company, develops and commercializes image-guided robotic systems in the United States and internationally. The company offers ARTAS System, a physician-assisted robotic system that identifies and dissects hair follicular units directly from the scalp and creates recipient implant sites.
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