EAM Investors LLC Makes New Investment in FARO Technologies, Inc. (NASDAQ:FARO)

EAM Investors LLC purchased a new position in shares of FARO Technologies, Inc. (NASDAQ:FARO - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 40,251 shares of the scientific and technical instruments company's stock, valued at approximately $1,021,000. EAM Investors LLC owned 0.21% of FARO Technologies as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. National Bank of Canada FI acquired a new stake in FARO Technologies during the fourth quarter worth about $55,000. Covestor Ltd acquired a new stake in shares of FARO Technologies during the 4th quarter worth approximately $111,000. SG Americas Securities LLC increased its holdings in shares of FARO Technologies by 13.1% during the 4th quarter. SG Americas Securities LLC now owns 8,345 shares of the scientific and technical instruments company's stock valued at $212,000 after purchasing an additional 966 shares in the last quarter. Intech Investment Management LLC acquired a new position in shares of FARO Technologies in the 4th quarter valued at $278,000. Finally, Inceptionr LLC acquired a new stake in FARO Technologies during the fourth quarter valued at $306,000. Hedge funds and other institutional investors own 97.19% of the company's stock.

Insider Buying and Selling at FARO Technologies

In other FARO Technologies news, Director Yuval Wasserman sold 5,658 shares of the firm's stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $31.35, for a total value of $177,378.30. Following the transaction, the director now directly owns 153,512 shares of the company's stock, valued at $4,812,601.20. This trade represents a 3.55 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Peter James Lau sold 4,617 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $29.30, for a total value of $135,278.10. Following the completion of the sale, the chief executive officer now directly owns 160,076 shares of the company's stock, valued at approximately $4,690,226.80. This represents a 2.80 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,755 shares of company stock worth $356,020. Corporate insiders own 2.10% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on FARO shares. StockNews.com lowered shares of FARO Technologies from a "strong-buy" rating to a "buy" rating in a research note on Sunday, March 16th. Needham & Company LLC increased their price target on FARO Technologies from $34.00 to $37.00 and gave the stock a "buy" rating in a research report on Tuesday, February 25th.

FARO Technologies Price Performance

Shares of NASDAQ FARO traded up $0.18 during trading on Tuesday, hitting $24.10. The company had a trading volume of 82,700 shares, compared to its average volume of 179,508. FARO Technologies, Inc. has a fifty-two week low of $13.52 and a fifty-two week high of $33.13. The company has a quick ratio of 1.83, a current ratio of 2.17 and a debt-to-equity ratio of 0.27. The stock has a fifty day simple moving average of $27.72 and a two-hundred day simple moving average of $26.16. The firm has a market capitalization of $463.35 million, a price-to-earnings ratio of -68.86 and a beta of 1.55.

FARO Technologies (NASDAQ:FARO - Get Free Report) last announced its earnings results on Monday, February 24th. The scientific and technical instruments company reported $0.50 EPS for the quarter, beating analysts' consensus estimates of $0.40 by $0.10. The business had revenue of $93.54 million during the quarter, compared to analysts' expectations of $91.40 million. FARO Technologies had a negative return on equity of 2.49% and a negative net margin of 1.87%. During the same quarter in the prior year, the firm earned $0.36 earnings per share.

FARO Technologies Company Profile

FARO Technologies, Inc designs, develops, manufactures, markets, and supports software driven three-dimensional measurement, imaging, and realization solutions worldwide. The company offers FaroArm, a combination of a portable articulated measurement arm, a computer, and CAM2 software programs; FARO Laser Tracker, a combination of a portable large-volume laser measurement tool, a computer, and CAM2 software programs; FARO Laser Projector, which provides a virtual template that operators and assemblers can use to position components; FARO Laser Scanning Portfolio to measure and collect a cloud of data points for 3D rendering of an object or area; and FARO Mobile Laser Portfolio provides 3D scanning while attached to other mobile devices, such as drones for metrology, reverse engineering, factory automation, building information modeling, public safety, and other applications.