In a report released today, Nathan Weinstein from Aegis Capital maintained a Buy rating on EKSO BIONICS (EKSO), with a price target of $9.00. The company’s shares closed last Monday at $6.51.
According to TipRanks.com, Weinstein has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -21.8% and a 29.4% success rate. Weinstein covers the Healthcare sector, focusing on stocks such as Cardiovascular Systems, Matinas BioPharma, and Daré Bioscience.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for EKSO BIONICS with a $10.50 average price target, which is a 63.0% upside from current levels. In a report issued on July 31, H.C. Wainwright also reiterated a Buy rating on the stock with a $12.00 price target.
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Based on EKSO BIONICS’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.47 million and GAAP net loss of $2.53 million. In comparison, last year the company earned revenue of $3.62 million and had a GAAP net loss of $6.55 million.
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Ekso Bionics Holdings, Inc. engages in the design, development, and sale of exoskeleton technology that currently has applications in healthcare and industrial markets. It operates through the following business segments: EksoHealth, EksoWorks, and Other. The EksoHealth segment consists of the engineering, manufacture, and sale of exoskeletons for applications in the medical markets. The EksoWorks segment offers exoskeleton devices to allow able-bodied users to perform heavy duty work for extended periods. The company was founded on January 30, 2012 and is headquartered in Richmond, CA.
