Stifel Financial Corp Acquires 11,596 Shares of Nano-X Imaging Ltd. (NASDAQ:NNOX)

Stifel Financial Corp raised its position in Nano-X Imaging Ltd. (NASDAQ:NNOX) by 98.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 23,318 shares of the company’s stock after purchasing an additional 11,596 shares during the period. Stifel Financial Corp’s holdings in Nano-X Imaging were worth $168,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of NNOX. Barclays PLC boosted its holdings in Nano-X Imaging by 258.5% during the third quarter. Barclays PLC now owns 86,181 shares of the company’s stock worth $523,000 after purchasing an additional 62,140 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of Nano-X Imaging in the fourth quarter valued at about $389,000. ARK Investment Management LLC raised its position in shares of Nano-X Imaging by 19.0% in the fourth quarter. ARK Investment Management LLC now owns 300,757 shares of the company’s stock valued at $2,165,000 after purchasing an additional 48,124 shares during the period. Raymond James Financial Inc. bought a new position in shares of Nano-X Imaging in the fourth quarter valued at about $251,000. Finally, SBI Securities Co. Ltd. bought a new position in Nano-X Imaging during the fourth quarter worth about $194,000. Institutional investors own 21.49% of the company’s stock.

Nano-X Imaging Stock Performance

NNOX opened at $5.45 on Friday. The firm has a market cap of $314.90 million, a P/E ratio of -6.41 and a beta of 2.03. The firm has a 50-day moving average of $5.14 and a 200 day moving average of $6.36. Nano-X Imaging Ltd. has a fifty-two week low of $3.75 and a fifty-two week high of $11.00.

Nano-X Imaging (NASDAQ:NNOX) last issued its earnings results on Monday, March 31st. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.08). Nano-X Imaging had a negative return on equity of 27.63% and a negative net margin of 465.38%. The business had revenue of $3.00 million for the quarter, compared to the consensus estimate of $3.80 million. Equities research analysts predict that Nano-X Imaging Ltd. will post -0.92 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on NNOX. Cantor Fitzgerald decreased their target price on shares of Nano-X Imaging from $12.00 to $9.00 and set an “overweight” rating on the stock in a report on Tuesday, April 1st. D. Boral Capital reiterated a “buy” rating and set a $15.00 target price on shares of Nano-X Imaging in a research report on Thursday, April 17th.

Nano-X Imaging Profile

Nano-X Imaging Ltd. develops a commercial-grade tomographic imaging device with a digital X-ray source. The company provides teleradiology services and develops artificial intelligence applications to be used in real-world medical imaging applications. Its X-ray source is based on a digital micro-electro-mechanical systems semiconductor cathode.