Mazor Robotics Sees Unusually High Options Volume (NASDAQ:MZOR)

Mazor Robotics (NASDAQ:MZOR) was the recipient of unusually large options trading activity on Tuesday. Stock investors bought 3,170 put options on the stock. This is an increase of 1,115% compared to the average volume of 261 put options.

Several brokerages have commented on MZOR. Vetr raised shares of Mazor Robotics from a “sell” rating to a “hold” rating and set a $74.27 price target on the stock in a research report on Monday, March 12th. Needham & Company LLC cut shares of Mazor Robotics from a “hold” rating to an “underperform” rating in a research report on Friday, March 16th. BidaskClub raised shares of Mazor Robotics from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, March 14th. Finally, Zacks Investment Research raised shares of Mazor Robotics from a “hold” rating to a “buy” rating and set a $74.00 price target on the stock in a research report on Friday, February 2nd. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $49.21.

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A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Envestnet Asset Management Inc. grew its stake in Mazor Robotics by 72.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 2,659 shares of the medical instruments supplier’s stock valued at $137,000 after buying an additional 1,117 shares during the last quarter. Dumont & Blake Investment Advisors LLC acquired a new position in Mazor Robotics in the 4th quarter valued at about $258,000. BB&T Securities LLC grew its stake in Mazor Robotics by 28.8% in the 4th quarter. BB&T Securities LLC now owns 7,735 shares of the medical instruments supplier’s stock valued at $399,000 after buying an additional 1,731 shares during the last quarter. Jane Street Group LLC grew its stake in Mazor Robotics by 767.0% in the 4th quarter. Jane Street Group LLC now owns 46,384 shares of the medical instruments supplier’s stock valued at $2,517,000 after buying an additional 41,034 shares during the last quarter. Finally, Raymond James & Associates grew its stake in Mazor Robotics by 87.6% in the 4th quarter. Raymond James & Associates now owns 83,151 shares of the medical instruments supplier’s stock valued at $4,291,000 after buying an additional 38,820 shares during the last quarter. Institutional investors and hedge funds own 24.09% of the company’s stock.

Mazor Robotics stock opened at $59.99 on Wednesday. Mazor Robotics has a fifty-two week low of $29.55 and a fifty-two week high of $76.56.

Mazor Robotics (NASDAQ:MZOR) last released its quarterly earnings data on Wednesday, February 14th. The medical instruments supplier reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.09. The company had revenue of $19.15 million for the quarter, compared to analyst estimates of $19.00 million. Mazor Robotics had a negative net margin of 19.08% and a negative return on equity of 14.03%. Mazor Robotics’s revenue for the quarter was up 36.4% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.07) EPS. research analysts expect that Mazor Robotics will post 0.06 earnings per share for the current year.

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Mazor Robotics Company Profile

Mazor Robotics Ltd., together with its subsidiaries, engages in the development, production, and marketing of medical devices for supporting surgical procedures in the fields of orthopedics and neurosurgery in the United States and internationally. The company operates in the field of image guided surgery and computer assisted surgery that enable the use of surgical instruments with high precision and minimal invasiveness.

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