Northern Trust Corp Buys 258,580 Shares of Nano-X Imaging Ltd. (NASDAQ:NNOX)

Northern Trust Corp lifted its position in Nano-X Imaging Ltd. (NASDAQ:NNOX - Free Report) by 71.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 621,365 shares of the company's stock after purchasing an additional 258,580 shares during the quarter. Northern Trust Corp owned 1.08% of Nano-X Imaging worth $4,474,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Nano-X Imaging in the 4th quarter valued at $459,000. Headlands Technologies LLC acquired a new stake in shares of Nano-X Imaging during the 4th quarter worth about $389,000. ARK Investment Management LLC increased its position in shares of Nano-X Imaging by 19.0% during the 4th quarter. ARK Investment Management LLC now owns 300,757 shares of the company's stock worth $2,165,000 after purchasing an additional 48,124 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Nano-X Imaging during the 4th quarter worth about $251,000. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Nano-X Imaging during the 4th quarter worth about $194,000. 21.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on NNOX shares. D. Boral Capital lowered their target price on Nano-X Imaging from $15.00 to $10.00 and set a "buy" rating for the company in a research note on Friday. Alliance Global Partners restated a "buy" rating on shares of Nano-X Imaging in a research note on Thursday. Finally, 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.

Nano-X Imaging Trading Down 2.1%

Nano-X Imaging stock traded down $0.11 during mid-day trading on Friday, hitting $5.13. The stock had a trading volume of 745,119 shares, compared to its average volume of 1,736,946. The stock has a 50-day simple moving average of $5.11 and a two-hundred day simple moving average of $6.34. The stock has a market capitalization of $296.41 million, a PE ratio of -6.04 and a beta of 2.03. Nano-X Imaging Ltd. has a 12 month low of $3.75 and a 12 month high of $11.00.

Nano-X Imaging (NASDAQ:NNOX - Get Free Report) last posted its quarterly earnings results on Thursday, May 22nd. The company reported ($0.21) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.23) by $0.02. The business had revenue of $3.00 million for the quarter, compared to analysts' expectations of $3.98 million. Nano-X Imaging had a negative return on equity of 27.63% and a negative net margin of 465.38%. Sell-side analysts expect that Nano-X Imaging Ltd. will post -0.92 earnings per share for the current fiscal year.

Nano-X Imaging Company 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.