Headlands Technologies LLC Purchases Shares of 54,056 Nano-X Imaging Ltd. (NASDAQ:NNOX)

Headlands Technologies LLC acquired a new position in Nano-X Imaging Ltd. (NASDAQ:NNOX - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 54,056 shares of the company's stock, valued at approximately $389,000. Headlands Technologies LLC owned 0.09% of Nano-X Imaging as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in NNOX. State Street Corp boosted its holdings in Nano-X Imaging by 2.1% in the third quarter. State Street Corp now owns 983,305 shares of the company's stock valued at $5,978,000 after acquiring an additional 20,279 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Nano-X Imaging by 2.2% during the third quarter. Geode Capital Management LLC now owns 677,853 shares of the company's stock valued at $4,121,000 after buying an additional 14,560 shares during the period. ARK Investment Management LLC increased its position in shares of Nano-X Imaging by 19.0% during the fourth quarter. ARK Investment Management LLC now owns 300,757 shares of the company's stock valued at $2,165,000 after buying an additional 48,124 shares during the period. Bank of New York Mellon Corp lifted its holdings in Nano-X Imaging by 4.6% in the fourth quarter. Bank of New York Mellon Corp now owns 146,551 shares of the company's stock worth $1,055,000 after buying an additional 6,449 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in Nano-X Imaging by 3.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 132,298 shares of the company's stock valued at $953,000 after acquiring an additional 5,017 shares in the last quarter. 21.49% of the stock is currently owned by institutional investors.

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Nano-X Imaging Price Performance

Nano-X Imaging stock traded up $0.41 during mid-day trading on Wednesday, reaching $4.51. The stock had a trading volume of 2,414,179 shares, compared to its average volume of 1,732,815. Nano-X Imaging Ltd. has a one year low of $3.75 and a one year high of $11.00. The company has a 50-day moving average price of $5.92 and a two-hundred day moving average price of $6.53. The company has a market capitalization of $260.58 million, a price-to-earnings ratio of -5.31 and a beta of 2.03.

Nano-X Imaging (NASDAQ:NNOX - Get Free Report) last announced its quarterly earnings data on Monday, March 31st. The company reported ($0.23) earnings per share for the quarter, missing analysts' consensus estimates of ($0.15) by ($0.08). The firm had revenue of $3.00 million during the quarter, compared to analysts' expectations of $3.80 million. Nano-X Imaging had a negative return on equity of 27.63% and a negative net margin of 465.38%. On average, equities research analysts anticipate that Nano-X Imaging Ltd. will post -0.92 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently commented on NNOX. Cantor Fitzgerald lowered their target price on Nano-X Imaging from $12.00 to $9.00 and set an "overweight" rating for the company in a research note on Tuesday, April 1st. D. Boral Capital reiterated a "buy" rating and issued a $15.00 price target on shares of Nano-X Imaging in a research note on Monday, March 31st.

Nano-X Imaging Profile

Nano-X Imaging Ltd. develops a commercial-grade tomographic imaging device with a digital X-ray source. The company provides teleradiology services and develops artificial intelligence applications to be used in real-world medical imaging applications. Its X-ray source is based on a digital micro-electro-mechanical systems semiconductor cathode.