FARO Technologies, Inc. (FARO) Reached 52-Week High on Apr, 16 at $63.65

April 16, 2018 - By Daniel Cummings

FARO Technologies, Inc. (NASDAQ:FARO) Corporate Logo

During 2017 Q4 the big money sentiment increased to 1.18. That’s change of 0.20, from 2017Q3’s 0.98. 5 investors sold all, 45 reduced holdings as FARO Technologies, Inc. ratio is positive. 31 increased stakes while 28 funds bought stakes. Funds hold 15.14 million shares thus 6.26% less from 2017Q3’s 16.15 million shares.
Pinebridge Investments Ltd Partnership owns 15,129 shs for 0.02% of their capital. Panagora Asset Mgmt Incorporated has 0.01% invested in FARO Technologies, Inc. (NASDAQ:FARO) for 37,651 shs. Jacobs Levy Equity Management Inc owns 19,340 shs. Trexquant Lp has 0.03% invested in FARO Technologies, Inc. (NASDAQ:FARO). Fny Managed Accounts Limited Liability Corporation reported 38 shs. Thrivent For Lutherans holds 10,375 shs. Zurcher Kantonalbank (Zurich Cantonalbank) reported 818 shs or 0% of all its holdings. Invesco stated it has 91,378 shs. Deutsche Financial Bank Ag holds 0% or 110,346 shs. Moreover, Primecap Management Ca has 0.06% invested in FARO Technologies, Inc. (NASDAQ:FARO). Metropolitan Life Ins Ny has invested 0% in FARO Technologies, Inc. (NASDAQ:FARO). Tci Wealth Advsr holds 0% of its capital in FARO Technologies, Inc. (NASDAQ:FARO) for 23 shs. Moreover, Suffolk Capital Lc has 0.13% invested in FARO Technologies, Inc. (NASDAQ:FARO). Voya Invest Mngmt Ltd Liability Co invested in 7,675 shs or 0% of the stock. Teton Advisors Incorporated has invested 0.09% in FARO Technologies, Inc. (NASDAQ:FARO).

FARO Technologies, Inc. had 3 sales and 0 insider buys since March 8, 2018. This’s net activity of $1.47 million. $130,800 worth of FARO Technologies, Inc. (NASDAQ:FARO) was sold by Brubaker Lynn. $701,232 worth of stock was sold by RAAB SIMON on Thursday, March 15.

Today FARO Technologies, Inc. (NASDAQ:FARO) with $63.65 price per share, hit one-year high with $66.83 PT or 5.00 % above. It was published on Apr, 16 by Barchart.com. FARO Technologies, Inc. (NASDAQ:FARO) has $1.08B market cap. At $66.83 PT, the company’s valuation could be $53.95 million more.

The stock increased 4.68% or $2.85 during the last trading session, reaching $63.65.FARO Technologies, Inc. is uptrending after having risen 70.69% since April 16, 2017. FARO has 93,731 volume or 2.42% up from normal. FARO outperformed by 59.14% the S&P500.

Analysts await FARO Technologies, Inc. (NASDAQ:FARO) to report earnings on May, 8. They expect $0.08 EPS, up 188.89 % or $0.17 from last year’s $-0.09 per share. FARO’s profit will be $1.36 million for 198.91 P/E if the $0.08 EPS becomes a reality. After $0.50 actual EPS reported by FARO Technologies, Inc. for the previous quarter, Wall Street now forecasts -84.00 % negative EPS growth.

FARO Technologies, Inc. (NASDAQ:FARO) Ratings Coverage

In total 5 analysts cover Faro Technologies (NASDAQ:FARO). “Buy” rating has 3, “Sell” are 0, while 2 are “Hold”. 60% are bullish. With $68.0 highest and $35.0 lowest [Target] Faro Technologies has $62.80 average [Target] or -1.34% below the current ($63.65) price. 11 are the (NASDAQ:FARO)’s analyst reports since October 30, 2017 according to StockzIntelligence Inc. In Thursday, February 22 report Canaccord Genuity maintained the stock with “Buy” rating. On Thursday, February 22 the firm has “Hold” rating given by Stifel Nicolaus. On Friday, February 23 the stock has “Buy” rating by Needham. On Friday, October 27 the company was maintained by Robert W. Baird. The company rating was maintained by Craig Hallum on Monday, October 30. On Friday, February 23 the company was maintained by Craig Hallum. On Friday, October 27 the stock of FARO Technologies, Inc. (NASDAQ:FARO) earned “Buy” rating by Needham. On Monday, November 27 Craig Hallum maintained the shares of FARO in report with “Buy” rating. On Thursday, February 22 Robert W. Baird maintained FARO Technologies, Inc. (NASDAQ:FARO) with “Hold” rating. On Monday, October 30 Canaccord Genuity maintained FARO Technologies, Inc. (NASDAQ:FARO) rating. Canaccord Genuity has “Buy” rating and $52 target.

FARO Technologies Inc. designs, develops, makes, markets, and supports software driven, three-dimensional measurement, imaging, and realization systems for manufacturing, industrial, architecture, surveying, building information modeling, construction, public safety, cultural heritage, and other applications.The firm is worth $1.08 billion. The firm offers FaroArm, a combination of six or seven-axis, articulated measurement arm, a computer, and CAM2 software programs; and FARO Laser ScanArm, a FaroArm equipped with a hard probe and non-contact laser line probe to measure products without touching them, as well as offers a seven-axis contact/non-contact measurement device with an integrated laser scanner.Last it reported negative earnings. It also provides FARO Gage, a combination of an articulated arm device with a computer and software; FARO Laser Tracker that combines a portable laser measurement tool, a computer, and CAM2 software programs; FARO Cobalt Array Imager, a metrology-grade structured light imager; FARO Tracer, which projects a laser line onto a surface or object; and FARO Focus laser scanner to measure and collect a cloud of data points.

FARO Technologies, Inc. (NASDAQ:FARO) Institutional Investors Chart

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