Roth Capital Keeps a Buy Rating on Restoration Robotics Inc

By Austin Angelo

In a report released yesterday, Scott Henry from Roth Capital reiterated a Buy rating on Restoration Robotics Inc (NASDAQ: HAIR), with a price target of $11. The company’s shares closed yesterday at $7.38.

According to TipRanks.com, Henry is a 2-star analyst with an average return of 0.9% and a 44.2% success rate. Henry covers the Healthcare sector, focusing on stocks such as Avadel Pharmaceuticals plc, Apollo Endosurgery Inc, and Viking Therapeutics.

Restoration Robotics Inc has an analyst consensus of Moderate Buy, with a price target consensus of $10.50.

Based on Restoration Robotics Inc’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $5.86 million and GAAP net loss of $1.06 million. In comparison, last year the company earned revenue of $3.56 million and had a GAAP net loss of $5.17 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.