Insider Selling: Viewray Inc (NASDAQ:VRAY) Insider Sells 21,615 Shares of Stock

Viewray Inc (NASDAQ:VRAY) insider James F. Dempsey sold 21,615 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $8.97, for a total transaction of $193,886.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Viewray stock traded down $0.18 during midday trading on Friday, reaching $8.64. 860,493 shares of the stock were exchanged, compared to its average volume of 1,097,062. The firm has a fifty day simple moving average of $8.98. The company has a current ratio of 4.28, a quick ratio of 3.21 and a debt-to-equity ratio of 0.47. The stock has a market cap of $891.97 million, a price-to-earnings ratio of -8.82 and a beta of 0.79. Viewray Inc has a 52 week low of $4.86 and a 52 week high of $12.15.

Viewray (NASDAQ:VRAY) last posted its earnings results on Thursday, May 2nd. The company reported ($0.34) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.22) by ($0.12). The firm had revenue of $20.30 million for the quarter, compared to the consensus estimate of $20.40 million. Viewray had a negative return on equity of 71.16% and a negative net margin of 139.82%. The business’s revenue was down 22.5% on a year-over-year basis. During the same period last year, the company posted ($0.11) EPS. As a group, analysts forecast that Viewray Inc will post -1 EPS for the current year.

Institutional investors have recently bought and sold shares of the stock. Great West Life Assurance Co. Can bought a new stake in Viewray during the 4th quarter worth approximately $45,000. Citigroup Inc. grew its stake in Viewray by 146.5% in the 4th quarter. Citigroup Inc. now owns 8,121 shares of the company’s stock worth $49,000 after buying an additional 4,826 shares in the last quarter. Advisory Services Network LLC purchased a new position in Viewray in the 4th quarter worth approximately $56,000. Cutler Group LP purchased a new position in Viewray in the 1st quarter worth approximately $76,000. Finally, BNP Paribas Arbitrage SA grew its stake in Viewray by 57,004.3% in the 1st quarter. BNP Paribas Arbitrage SA now owns 13,134 shares of the company’s stock worth $97,000 after buying an additional 13,111 shares in the last quarter.

Several analysts have recently issued reports on VRAY shares. Piper Jaffray Companies started coverage on shares of Viewray in a research report on Tuesday, June 18th. They issued an “overweight” rating and a $15.00 price target on the stock. TheStreet lowered shares of Viewray from a “c-” rating to a “d” rating in a research report on Friday, May 3rd. Cantor Fitzgerald set a $13.00 price target on shares of Viewray and gave the company a “buy” rating in a research report on Tuesday, May 28th. Zacks Investment Research raised shares of Viewray from a “hold” rating to a “buy” rating and set a $9.50 price target on the stock in a research report on Friday, July 5th. Finally, Mizuho reissued a “buy” rating and issued a $12.00 price target on shares of Viewray in a research report on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, one has given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Viewray currently has a consensus rating of “Buy” and an average price target of $12.95.

About Viewray

ViewRay, Inc designs, manufactures and markets MRIdian, the magnetic resonance imaging (MRI)-guided radiation therapy system to image and treat cancer patients simultaneously. The Company offers radiation therapy technology combined with magnetic resonance imaging. MRIdian integrates MRI technology, radiation delivery and the Company’s software to locate, target and track the position and shape of soft-tissue tumors while radiation is delivered.

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Insider Buying and Selling by Quarter for Viewray (NASDAQ:VRAY)

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