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

Vanguard Group Inc boosted its position in shares of Restoration Robotics Inc (NASDAQ:HAIR) by 173.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 864,368 shares of the company’s stock after purchasing an additional 547,968 shares during the period. Vanguard Group Inc owned approximately 2.12% of Restoration Robotics worth $2,507,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Blair William & Co. IL acquired a new position in shares of Restoration Robotics in the 3rd quarter valued at about $174,000. SG Americas Securities LLC bought a new stake in Restoration Robotics in the 3rd quarter valued at about $527,000. Skylands Capital LLC bought a new stake in Restoration Robotics in the 3rd quarter valued at about $713,000. Perkins Capital Management Inc. bought a new stake in Restoration Robotics in the 3rd quarter valued at about $1,726,000. Finally, Vanguard Group Inc. lifted its position in Restoration Robotics by 173.2% in the 3rd quarter. Vanguard Group Inc. now owns 864,368 shares of the company’s stock valued at $2,507,000 after purchasing an additional 547,968 shares during the last quarter. 31.18% of the stock is owned by institutional investors and hedge funds.

Several analysts recently weighed in on HAIR shares. Maxim Group reiterated a “buy” rating and issued a $6.00 price objective on shares of Restoration Robotics in a research report on Tuesday, January 8th. Roth Capital reiterated a “buy” rating on shares of Restoration Robotics in a research report on Tuesday, February 5th. Finally, Zacks Investment Research upgraded shares of Restoration Robotics from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 8th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $6.58.

Shares of HAIR stock traded down $0.10 during midday trading on Friday, reaching $0.77. 655,663 shares of the company were exchanged, compared to its average volume of 606,443. Restoration Robotics Inc has a 12 month low of $0.35 and a 12 month high of $8.20. The company has a market capitalization of $31.33 million, a price-to-earnings ratio of -0.31 and a beta of 4.98. The company has a current ratio of 4.24, a quick ratio of 3.72 and a debt-to-equity ratio of 2.08.

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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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