Viewray (VRAY) Received its Third Buy in a Row


After Cantor Fitzgerald and Mizuho Securities gave Viewray (NASDAQ: VRAY) a Buy rating last month, the company received another Buy, this time from B.Riley FBR. Analyst Andrew D’silva reiterated a Buy rating on Viewray today and set a price target of $12. The company’s shares opened today at $10.

According to TipRanks.com, D’silva is a 5-star analyst with an average return of 23.4% and a 53.0% success rate. D’silva covers the Healthcare sector, focusing on stocks such as Cumberland Pharmaceuticals Inc., Cytori Therapeutics Inc, and Oramed Pharmaceuticals.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Viewray with a $14.40 average price target, which is a 44.0% upside from current levels. In a report issued on August 6, BTIG also maintained a Buy rating on the stock with a $14 price target.

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Based on Viewray’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $21.99 million. In comparison, last year the company had a GAAP net loss of $8.35 million.

Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is negative on the stock.

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ViewRay, Inc. engages in the research, development, and manufacture of magnetic resonance imaging (MRI) system. Its product includes MRIdian, which supports image-guided radiation therapy, stereotactic radiation therapy, and radiosurgery. The company was founded by Dinara Akzhigitova on September 6, 2013 and is headquartered in Oakwood Village, OH.

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