Wesbanco Bank Inc. Acquires Shares of 24,750 Nano-X Imaging Ltd. (NASDAQ:NNOX)

Wesbanco Bank Inc. acquired a new stake in shares of Nano-X Imaging Ltd. (NASDAQ:NNOX) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 24,750 shares of the company’s stock, valued at approximately $178,000.

Other institutional investors have also added to or reduced their stakes in the company. Barclays PLC lifted its holdings in Nano-X Imaging by 258.5% during the third quarter. Barclays PLC now owns 86,181 shares of the company’s stock valued at $523,000 after purchasing an additional 62,140 shares during the last quarter. State Street Corp lifted its holdings in Nano-X Imaging by 2.1% during the third quarter. State Street Corp now owns 983,305 shares of the company’s stock valued at $5,978,000 after purchasing an additional 20,279 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Nano-X Imaging by 14.8% during the second quarter. The Manufacturers Life Insurance Company now owns 20,210 shares of the company’s stock valued at $148,000 after purchasing an additional 2,600 shares during the last quarter. Verition Fund Management LLC purchased a new stake in Nano-X Imaging during the third quarter valued at about $88,000. Finally, Creative Planning purchased a new stake in Nano-X Imaging during the third quarter valued at about $107,000. 21.49% of the stock is owned by hedge funds and other institutional investors.

Nano-X Imaging Stock Down 5.8 %

Shares of NNOX opened at $8.24 on Friday. The business’s 50-day moving average price is $7.37 and its 200-day moving average price is $6.95. Nano-X Imaging Ltd. has a twelve month low of $5.26 and a twelve month high of $14.28. The stock has a market cap of $476.11 million, a PE ratio of -9.69 and a beta of 1.97.

Nano-X Imaging (NASDAQ:NNOX) last posted its quarterly earnings data on Thursday, November 21st. The company reported ($0.23) earnings per share for the quarter. Nano-X Imaging had a negative return on equity of 27.63% and a negative net margin of 465.38%. During the same quarter in the prior year, the firm earned ($0.37) earnings per share. Analysts expect that Nano-X Imaging Ltd. will post -0.92 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on NNOX shares. Cantor Fitzgerald upped their price target on Nano-X Imaging from $11.00 to $12.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. D. Boral Capital started coverage on Nano-X Imaging in a research report on Monday, January 6th. They set a “buy” rating and a $23.00 price target on the stock.

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.