HC Wainwright Reiterates $12.00 Price Target for Myomo (MYO)

HC Wainwright set a $12.00 price objective on Myomo (NYSEAMERICAN:MYO) in a report published on Tuesday. The firm currently has a buy rating on the stock.

Several other equities analysts have also recently weighed in on MYO. Zacks Investment Research cut Myomo from a hold rating to a sell rating in a report on Wednesday, May 9th. Roth Capital set a $7.00 price objective on Myomo and gave the company a buy rating in a report on Thursday, May 10th.

MYO opened at $1.95 on Tuesday. Myomo has a 1 year low of $1.74 and a 1 year high of $11.40.

Myomo (NYSEAMERICAN:MYO) last released its quarterly earnings results on Tuesday, August 7th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.19) by ($0.02). The firm had revenue of $0.63 million during the quarter, compared to the consensus estimate of $0.62 million. Myomo had a negative net margin of 257.70% and a negative return on equity of 155.42%.

Several institutional investors have recently bought and sold shares of MYO. Citadel Advisors LLC raised its holdings in shares of Myomo by 243.9% during the 1st quarter. Citadel Advisors LLC now owns 40,861 shares of the company’s stock worth $121,000 after buying an additional 28,981 shares in the last quarter. A.R.T. Advisors LLC acquired a new position in shares of Myomo during the 1st quarter worth $277,000. Finally, Account Management LLC acquired a new position in shares of Myomo during the 2nd quarter worth $312,000.

Myomo Company Profile

Myomo, Inc, a commercial stage medical robotics company, designs, develops, and produces myoelectric braces or orthotics for people suffering with neuromuscular disorders in the United States. It offers MyoPro, a powered upper limb orthosis that supports the arm, as well as restores function to the weakened or paralyzed arms of patients suffering from CVA stroke, brachial plexus injury, traumatic brain injury, spinal cord injury, ALS, or other neuromuscular disease or injury.

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