Nuveen LLC Acquires New Holdings in Nano-X Imaging Ltd. $NNOX

Key Points

• Nuveen LLC has acquired a new stake in Nano-X Imaging Ltd., purchasing 131,459 shares valued at approximately $657,000, which represents about 0.23% of the company's stock.
• Several large investors, including Wells Fargo and Barclays, have increased their stakes in Nano-X Imaging, reflecting growing confidence in the company.
• Analysts have issued a consensus rating of "Strong Buy" for Nano-X Imaging, with an average price target of $8.50, despite the stock currently trading around $3.75.

Nuveen LLC acquired a new stake in Nano-X Imaging Ltd. (NASDAQ:NNOX - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 131,459 shares of the company's stock, valued at approximately $657,000. Nuveen LLC owned about 0.23% of Nano-X Imaging at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in NNOX. Wells Fargo & Company MN raised its holdings in Nano-X Imaging by 30.1% in the 4th quarter. Wells Fargo & Company MN now owns 38,705 shares of the company's stock valued at $279,000 after buying an additional 8,945 shares during the last quarter. Raymond James Financial Inc. bought a new position in Nano-X Imaging in the 4th quarter valued at approximately $251,000. Barclays PLC raised its holdings in Nano-X Imaging by 16.0% in the 4th quarter. Barclays PLC now owns 99,929 shares of the company's stock valued at $719,000 after buying an additional 13,748 shares during the last quarter. Stifel Financial Corp raised its holdings in Nano-X Imaging by 98.9% in the 4th quarter. Stifel Financial Corp now owns 23,318 shares of the company's stock valued at $168,000 after buying an additional 11,596 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in Nano-X Imaging by 26.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 21,990 shares of the company's stock valued at $159,000 after buying an additional 4,658 shares during the last quarter. Institutional investors own 21.49% of the company's stock.

Analyst Ratings Changes

NNOX has been the subject of a number of research reports. LADENBURG THALM/SH SH upgraded shares of Nano-X Imaging to a "strong-buy" rating in a report on Monday, July 14th. Alliance Global Partners raised shares of Nano-X Imaging to a "strong-buy" rating in a research report on Monday, August 11th. Finally, D. Boral Capital decreased their target price on shares of Nano-X Imaging from $10.00 to $8.00 and set a "buy" rating for the company in a research report on Wednesday, August 13th. Two research analysts have rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Strong Buy" and an average price target of $8.50.

Nano-X Imaging Stock Down 0.8%

NASDAQ:NNOX opened at $3.75 on Thursday. The company has a fifty day moving average of $4.72 and a 200-day moving average of $5.13. The firm has a market capitalization of $216.68 million, a P/E ratio of -4.17 and a beta of 1.94. Nano-X Imaging Ltd. has a twelve month low of $3.65 and a twelve month high of $11.00.

Nano-X Imaging (NASDAQ:NNOX - Get Free Report) last released its quarterly earnings data on Tuesday, August 12th. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.08). The company had revenue of $3.04 million during the quarter, compared to the consensus estimate of $3.20 million. Nano-X Imaging had a negative net margin of 468.29% and a negative return on equity of 32.09%. On average, analysts anticipate that Nano-X Imaging Ltd. will post -0.92 EPS for the current fiscal year.

Nano-X Imaging 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.

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