Fintel reports that on December 12, 2023, Stifel initiated coverage of RxSight (NASDAQ:RXST) with a Buy recommendation.
Analyst Price Forecast Suggests 12.58% Downside
As of November 27, 2023, the average one-year price target for RxSight is 32.81. The forecasts range from a low of 30.30 to a high of $37.80. The average price target represents a decrease of 12.58% from its latest reported closing price of 37.53.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for RxSight is 82MM, an increase of 6.52%. The projected annual non-GAAP EPS is -2.25.
What is the Fund Sentiment?
There are 284 funds or institutions reporting positions in RxSight. This is an increase of 46 owner(s) or 19.33% in the last quarter. Average portfolio weight of all funds dedicated to RXST is 0.17%, an increase of 54.64%. Total shares owned by institutions increased in the last three months by 19.91% to 30,261K shares. 
The put/call ratio of RXST is 0.08, indicating a bullish outlook.
What are Other Shareholders Doing?
Ra Capital Management holds 3,053K shares representing 8.51% ownership of the company. No change in the last quarter.
Artisan Partners Limited Partnership holds 2,438K shares representing 6.80% ownership of the company. In it's prior filing, the firm reported owning 2,078K shares, representing an increase of 14.74%. The firm increased its portfolio allocation in RXST by 19.85% over the last quarter.
Lord, Abbett & Co. holds 1,628K shares representing 4.54% ownership of the company. In it's prior filing, the firm reported owning 1,431K shares, representing an increase of 12.10%. The firm increased its portfolio allocation in RXST by 19.91% over the last quarter.
ARTJX - Artisan International Small-Mid Fund Investor Shares holds 1,490K shares representing 4.15% ownership of the company. In it's prior filing, the firm reported owning 1,312K shares, representing an increase of 11.96%. The firm increased its portfolio allocation in RXST by 19.88% over the last quarter.
Millennium Management holds 1,161K shares representing 3.24% ownership of the company. In it's prior filing, the firm reported owning 1,233K shares, representing a decrease of 6.23%. The firm decreased its portfolio allocation in RXST by 6.70% over the last quarter.
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