Fiduciary Family Office LLC Invests $70,000 in Monogram Orthopaedics, Inc. (NASDAQ:MGRM)

Fiduciary Family Office LLC acquired a new position in shares of Monogram Orthopaedics, Inc. (NASDAQ:MGRM) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 29,348 shares of the company’s stock, valued at approximately $70,000.

A number of other hedge funds have also bought and sold shares of MGRM. State Street Corp bought a new stake in Monogram Orthopaedics in the third quarter worth approximately $62,000. Barclays PLC acquired a new stake in shares of Monogram Orthopaedics during the 3rd quarter worth approximately $29,000. Finally, Geode Capital Management LLC increased its stake in shares of Monogram Orthopaedics by 1,267.4% in the 3rd quarter. Geode Capital Management LLC now owns 210,144 shares of the company’s stock valued at $557,000 after acquiring an additional 194,776 shares in the last quarter. Institutional investors own 0.45% of the company’s stock.

Monogram Orthopaedics Stock Performance

Shares of Monogram Orthopaedics stock opened at $2.85 on Thursday. Monogram Orthopaedics, Inc. has a 52 week low of $1.53 and a 52 week high of $4.90. The stock has a 50 day moving average price of $2.40 and a two-hundred day moving average price of $2.49. The stock has a market capitalization of $97.78 million, a PE ratio of -6.06 and a beta of 1.51.

Analysts Set New Price Targets

MGRM has been the topic of several research analyst reports. Roth Capital raised shares of Monogram Orthopaedics to a “strong-buy” rating in a research note on Monday, December 9th. Roth Mkm started coverage on shares of Monogram Orthopaedics in a research report on Monday, December 9th. They set a “buy” rating and a $4.00 price objective on the stock.

Monogram Orthopaedics Company Profile

Monogram Orthopaedics, Inc focuses on developing a product solution architecture to enable patient-optimized orthopaedic implants. The company intends to produce and market robotic surgical equipment and related software, orthopedic implants, tissue ablation tools, navigation consumables, and other miscellaneous instrumentation for use in reconstructive joint replacement procedures.