Equities research analysts at Piper Jaffray (NYSE: PJC) boosted their price target on shares of MAKO Surgical (NASDAQ: MAKO) to $35.00 in a research note to investors on Wednesday.
Separately, analysts at Canaccord Genuity initiated coverage on shares of MAKO Surgical in a research note to investors on Tuesday, June 14th. They set a “hold” rating on the stock. Also, analysts at William Blair initiated coverage on shares of MAKO Surgical in a research note to investors on Friday, May 20th. They set an “outperform” rating on the stock.
Shares of MAKO Surgical traded up 4.59% during mid-day trading on Thursday, hitting $33.229. MAKO Surgical has a 52 week low of $9.28 and a 52 week high of $35.90. The stock’s 50-day moving average is $30.08 and its 200-day moving average is $22.74. The company has a market cap of $1.361 billion.
MAKO Surgical last announced its quarterly results on Tuesday, May 3rd. The company reported ($0.27) earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of ($0.24) EPS by $0.03. During the same quarter in the prior year, the company posted ($0.34) earnings per share. The companyâ€™s quarterly revenue was up 80.60% on a year-over-year basis. On average, analysts predict that MAKO Surgical will post $-0.21 EPS next quarter.
MAKO Surgical Corp. (MAKO) is a medical device company that markets its advanced robotic arm solution and orthopedic implants for minimally invasive orthopedic knee procedures. The Company offers MAKOplasty, a restorative surgical solution that enables orthopedic surgeons to treat patient-specific, early to mid-stage osteoarthritic knee disease. MAKOplasty is performed using the Companyâ€™s RIO Robotic Arm Interactive Orthopedic system (RIO), and its RESTORIS unicompartmental and RESTORIS MCK multi-compartmental knee implant systems. The RIO utilizes tactile guided robotic arm technology and patient-specific visualization to prepare the knee joint for the insertion and alignment of the Companyâ€™s resurfacing implants through a small incision in a minimally invasive, bone preserving and tissue sparing procedure. The Companyâ€™s RESTORIS family of knee implants is designed to enable minimally invasive restoration of one or two of the diseased compartments of the knee joint.
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