Maxim Group Maintains Their Hold Rating on Restoration Robotics Inc (HAIR)

By Carrie Williams

In a report released yesterday, Anthony Vendetti from Maxim Group maintained a Hold rating on Restoration Robotics Inc (HAIRResearch Report). The company’s shares closed last Monday at $0.68, close to its 52-week low of $0.35.

Vendetti commented:

“2019, HAIR announced it sold 3 ARTAS Systems, as compared to 12 systems in 2Q18, at an ASP of $335K. The company’s merger with Venus Concept is expected to close in either late September or early October. We are maintaining our Hold rating as we await more detailed financials with the final amended S-4. We are introducing quarterly estimates for 2020.”

According to TipRanks.com, Vendetti is a 4-star analyst with an average return of 3.8% and a 45.6% success rate. Vendetti covers the Healthcare sector, focusing on stocks such as Ellex Medical Lasers Limited, Ra Medical Systems Inc, and Sensus Healthcare Inc.

The the analyst consensus on Restoration Robotics Inc is currently a Hold rating.

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Based on Restoration Robotics Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $7.89 million. In comparison, last year the company had a GAAP net loss of $6.24 million.

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Restoration Robotics, Inc. manufactures and develops medical devices for hair transplantation services. It provides artas system, a computer-assisted, physician-controlled system to harvest follicular units directly from the scalp. It operates in the United States, Europe and Middle East, Asia pacific, and Rest of the World.