ARK Investment Management LLC raised its position in shares of Nano-X Imaging Ltd. (NASDAQ:NNOX - Free Report) by 19.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 300,757 shares of the company's stock after acquiring an additional 48,124 shares during the period. ARK Investment Management LLC owned approximately 0.52% of Nano-X Imaging worth $2,165,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in the company. Bank of New York Mellon Corp lifted its holdings in shares of Nano-X Imaging by 4.6% during 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 in the last quarter. Quantum Private Wealth LLC bought a new position in Nano-X Imaging during the fourth quarter worth about $72,000. Rhumbline Advisers boosted its holdings in Nano-X Imaging by 2.4% in the 4th quarter. Rhumbline Advisers now owns 71,972 shares of the company's stock valued at $518,000 after purchasing an additional 1,655 shares during the period. Kingsview Wealth Management LLC acquired a new position in shares of Nano-X Imaging during the 4th quarter worth approximately $94,000. Finally, Wesbanco Bank Inc. acquired a new position in shares of Nano-X Imaging during the 4th quarter worth approximately $178,000. Institutional investors own 21.49% of the company's stock.
Nano-X Imaging Trading Up 2.7 %
Nano-X Imaging stock traded up $0.16 during trading hours on Friday, reaching $6.19. 1,396,145 shares of the stock were exchanged, compared to its average volume of 3,422,621. Nano-X Imaging Ltd. has a twelve month low of $5.27 and a twelve month high of $12.65. The company has a market cap of $357.65 million, a P/E ratio of -7.28 and a beta of 1.96. The stock has a 50 day moving average of $7.54 and a two-hundred day moving average of $6.77.
Analysts Set New Price Targets
A number of research firms have recently weighed in on NNOX. Cantor Fitzgerald lifted their price target on shares of Nano-X Imaging from $11.00 to $12.00 and gave the company an "overweight" rating in a research report on Friday, December 6th. D. Boral Capital reaffirmed a "buy" rating and issued a $23.00 price objective on shares of Nano-X Imaging in a report on Tuesday, February 25th.
View Our Latest Analysis on Nano-X Imaging
Nano-X Imaging Company Profile
(
Free Report)
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.
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