Restoration Robotics Inc (HAIR) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. increased its stake in Restoration Robotics Inc (NASDAQ:HAIR) by 173.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 864,368 shares of the company’s stock after acquiring an additional 547,968 shares during the quarter. Vanguard Group Inc. owned about 2.12% of Restoration Robotics worth $2,507,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of HAIR. Blair William & Co. IL acquired a new position in shares of Restoration Robotics during the third quarter worth approximately $174,000. SG Americas Securities LLC bought a new stake in Restoration Robotics during the third quarter worth $527,000. Finally, Royce & Associates LP grew its holdings in Restoration Robotics by 180.6% during the third quarter. Royce & Associates LP now owns 982,000 shares of the company’s stock worth $2,848,000 after buying an additional 632,000 shares in the last quarter. 27.83% of the stock is currently owned by institutional investors.

Several equities research analysts recently issued reports on HAIR shares. Maxim Group reiterated a “buy” rating and set a $6.00 price target on shares of Restoration Robotics in a report on Monday, February 11th. Roth Capital restated a “buy” rating on shares of Restoration Robotics in a research note on Tuesday, February 5th. William Blair downgraded Restoration Robotics from an “outperform” rating to a “market perform” rating and set a $0.86 price objective for the company. in a research note on Monday, March 18th. Finally, Zacks Investment Research upgraded Restoration Robotics from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 8th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $2.65.

Shares of HAIR stock remained flat at $$0.59 on Friday. The stock had a trading volume of 465,637 shares, compared to its average volume of 1,013,158. The company has a debt-to-equity ratio of 12.27, a current ratio of 3.14 and a quick ratio of 2.56. The company has a market cap of $23.11 million, a P/E ratio of -0.69 and a beta of 4.91. Restoration Robotics Inc has a 12 month low of $0.35 and a 12 month high of $6.65.

Restoration Robotics (NASDAQ:HAIR) last posted its quarterly earnings results on Friday, March 15th. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.17) by ($0.03). The firm had revenue of $6.66 million for the quarter, compared to the consensus estimate of $6.00 million. Restoration Robotics had a negative return on equity of 653.88% and a negative net margin of 130.83%. On average, analysts predict that Restoration Robotics Inc will post -0.64 EPS for the current fiscal year.

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Restoration Robotics Profile

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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