In a report issued on November 6, Andrew D’silva from B.Riley Financial reiterated a Buy rating on Viewray (VRAY), with a price target of $4.00. The company’s shares closed last Wednesday at $4.59.
According to TipRanks.com, D’silva is a 5-star analyst with an average return of 36.1% and a 55.5% success rate. D’silva covers the Healthcare sector, focusing on stocks such as EyePoint Pharmaceuticals, ClearPoint Neuro, and Infinity Pharma.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Viewray with a $5.75 average price target, implying a 28.3% upside from current levels. In a report issued on November 5, Oppenheimer also maintained a Buy rating on the stock with a $4.00 price target.
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Based on Viewray’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $10.09 million and GAAP net loss of $28.13 million. In comparison, last year the company earned revenue of $20.86 million and had a GAAP net loss of $20.83 million.
Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of VRAY in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
ViewRay, Inc. engages in the design, manufacture and market magnetic resonance imaging (MRI) system. It develops MRIdian to address the key limitations of existing external-beam radiation therapy technologies, and employs MRI-based technology to provide real-time imaging that clearly defines the targeted tumor from the surrounding soft tissue, and other critical organs, both before and during radiation treatment delivery. The company was founded by Dinara Akzhigitova on September 6, 2013 and is headquartered in Oakwood Village, OH.
