Deutsche Bank AG Decreases Position in Nano-X Imaging Ltd. $NNOX

Deutsche Bank AG lowered its holdings in shares of Nano-X Imaging Ltd. (NASDAQ:NNOX) by 10.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 47,226 shares of the company’s stock after selling 5,273 shares during the period. Deutsche Bank AG owned about 0.08% of Nano-X Imaging worth $236,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its position in shares of Nano-X Imaging by 1,755.9% in the first quarter. GAMMA Investing LLC now owns 7,962 shares of the company’s stock worth $40,000 after acquiring an additional 7,533 shares during the last quarter. PharVision Advisers LLC purchased a new position in shares of Nano-X Imaging in the 4th quarter valued at $80,000. Bayesian Capital Management LP acquired a new position in shares of Nano-X Imaging during the 4th quarter valued at $81,000. PFG Advisors grew its stake in shares of Nano-X Imaging by 25.3% in the first quarter. PFG Advisors now owns 12,782 shares of the company’s stock valued at $64,000 after buying an additional 2,582 shares in the last quarter. Finally, ProShare Advisors LLC raised its holdings in shares of Nano-X Imaging by 50.9% during the 4th quarter. ProShare Advisors LLC now owns 15,464 shares of the company’s stock valued at $111,000 after buying an additional 5,216 shares during the period. 21.49% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on NNOX. D. Boral Capital reduced their price target on Nano-X Imaging from $10.00 to $8.00 and set a “buy” rating on the stock in a research report on Wednesday, August 13th. Alliance Global Partners raised Nano-X Imaging to a “strong-buy” rating in a report on Monday, August 11th. Finally, LADENBURG THALM/SH SH upgraded shares of Nano-X Imaging to a “strong-buy” rating in a research note on Monday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating and two have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, Nano-X Imaging has a consensus rating of “Strong Buy” and a consensus price target of $8.50.

Nano-X Imaging Trading Down 0.3%

Shares of Nano-X Imaging stock opened at $3.87 on Friday. The stock has a market cap of $223.61 million, a PE ratio of -4.30 and a beta of 1.95. The company’s 50-day moving average price is $4.80 and its two-hundred day moving average price is $5.19. Nano-X Imaging Ltd. has a 52 week low of $3.75 and a 52 week high of $11.00.

Nano-X Imaging (NASDAQ:NNOX) last announced its earnings results on Tuesday, August 12th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.08). Nano-X Imaging had a negative return on equity of 32.09% and a negative net margin of 468.29%.The company had revenue of $3.04 million for the quarter, compared to analyst estimates of $3.20 million. On average, equities analysts predict that Nano-X Imaging Ltd. will post -0.92 EPS 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.