LENSAR (NASDAQ:LNSR) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded LENSAR from “hold” to “buy,” while analyst sentiment remains mixed: two analysts rate it Buy and one rates it Sell. The consensus rating is “Hold” with an average price target of $11.50.
• LENSAR reported quarterly EPS of $0.10, exceeding the consensus estimate of a $0.16 loss, while revenue of $16.50 million also surpassed expectations of $14.65 million.
• The stock opened at $8.68, with a market capitalization of about $106.7 million and a 52-week range of $4.95 to $12.96. Institutional investors own approximately 40.15% of the company.

LENSAR (NASDAQ:LNSR - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued on Sunday.

A number of other equities research analysts also recently commented on the stock. Weiss Ratings reiterated a "sell (d+)" rating on shares of LENSAR in a report on Friday, August 7th. Lake Street Capital reaffirmed a "buy" rating and issued a $13.00 target price on shares of LENSAR in a research note on Thursday, August 13th. Finally, BTIG Research boosted their price target on LENSAR from $9.00 to $10.00 and gave the company a "buy" rating in a report on Thursday. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $11.50.

LENSAR Price Performance

LENSAR stock opened at $8.68 on Friday. The stock has a market cap of $106.68 million, a price-to-earnings ratio of -26.30 and a beta of 0.89. The firm has a 50 day simple moving average of $6.16 and a 200-day simple moving average of $7.23. LENSAR has a 1-year low of $4.95 and a 1-year high of $12.96.

LENSAR (NASDAQ:LNSR - Get Free Report) last issued its quarterly earnings data on Thursday, August 13th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.26. The business had revenue of $16.50 million for the quarter, compared to the consensus estimate of $14.65 million. LENSAR had a negative return on equity of 529.08% and a net margin of 57.57%.

Hedge Funds Weigh In On LENSAR

Large investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets boosted its holdings in shares of LENSAR by 129.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,008 shares of the company's stock valued at $25,000 after purchasing an additional 1,131 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in shares of LENSAR in the 2nd quarter worth $58,000. JPMorgan Chase & Co. raised its position in shares of LENSAR by 584.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,674 shares of the company's stock worth $62,000 after buying an additional 3,991 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in LENSAR in the second quarter valued at $68,000. Finally, Sanctuary Advisors LLC acquired a new position in LENSAR in the second quarter valued at $96,000. Hedge funds and other institutional investors own 40.15% of the company's stock.

About LENSAR

LENSAR, Inc, headquartered in Orlando, Florida, is a medical technology company specializing in advanced laser systems for ophthalmic surgery. Its flagship product, the LENSAR Laser System, combines proprietary three-dimensional imaging with precision-guided femtosecond laser delivery to perform critical steps in cataract procedures, including capsulotomy creation, lens fragmentation and corneal incisions.

Founded in 2005, LENSAR has concentrated its research and development efforts on enhancing surgical accuracy and patient outcomes in cataract treatment.

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