Stereotaxis, Inc. (NYSEAMERICAN:STXS) Director Paul J. Isaac Purchases 26,287 Shares

Stereotaxis, Inc. (NYSEAMERICAN:STXS – Get Rating) Director Paul J. Isaac bought 26,287 shares of the company’s stock in a transaction on Wednesday, May 18th. The shares were acquired at an average price of $1.82 per share, for a total transaction of $47,842.34. Following the transaction, the director now directly owns 2,456,728 shares in the company, valued at approximately $4,471,244.96. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

STXS stock traded down $0.03 on Thursday, reaching $1.75. The company had a trading volume of 329,896 shares, compared to its average volume of 333,076. Stereotaxis, Inc. has a 1 year low of $1.72 and a 1 year high of $10.30. The firm has a market cap of $130.66 million, a P/E ratio of -8.75 and a beta of 1.74.

Stereotaxis (NYSEAMERICAN:STXS – Get Rating) last posted its earnings results on Tuesday, May 10th. The company reported ($0.06) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.06). Stereotaxis had a negative return on equity of 38.69% and a negative net margin of 39.69%. On average, analysts anticipate that Stereotaxis, Inc. will post -0.2 EPS for the current year.

Separately, Zacks Investment Research lowered Stereotaxis from a “hold” rating to a “sell” rating in a research note on Saturday, May 14th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Stereotaxis presently has an average rating of “Buy” and an average price target of $10.20.

Several institutional investors have recently modified their holdings of the business. Walleye Capital LLC purchased a new position in shares of Stereotaxis during the 1st quarter worth $81,000. State Street Corp lifted its stake in shares of Stereotaxis by 4.3% during the 1st quarter. State Street Corp now owns 1,189,090 shares of the company’s stock worth $4,435,000 after purchasing an additional 48,514 shares during the period. Engineers Gate Manager LP lifted its stake in shares of Stereotaxis by 281.2% during the 1st quarter. Engineers Gate Manager LP now owns 84,293 shares of the company’s stock worth $314,000 after purchasing an additional 62,181 shares during the period. Renaissance Technologies LLC purchased a new position in shares of Stereotaxis during the 1st quarter worth $269,000. Finally, Verition Fund Management LLC increased its holdings in shares of Stereotaxis by 333.2% during the 1st quarter. Verition Fund Management LLC now owns 129,946 shares of the company’s stock worth $485,000 after buying an additional 99,946 shares during the last quarter. 56.84% of the stock is currently owned by institutional investors.

About Stereotaxis (Get Rating)

Stereotaxis, Inc designs, manufactures, and markets robotic systems, instruments, and information systems for the interventional laboratory in the United States and internationally. Its robotic magnetic navigation (RMN) systems include the Genesis RMN and Niobe systems, which enable physicians to complete complex interventional procedures by providing image-guided delivery of catheters and guidewires through the blood vessels and chambers of the heart to treatment sites.

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