Obalon Therapeutics (OBLN) Touches $7.75 Low on Nov, 14; McGrath RentCorp (MGRC) Had 1 Bullish Analysts

November 14, 2017 - By Marie Mckinney

Among 3 analysts covering McGrath RentCorp (NASDAQ:MGRC), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. McGrath RentCorp had 4 analyst reports since November 4, 2015 according to SRatingsIntel. The rating was maintained by Oppenheimer on Thursday, August 3 with “Hold”. The rating was downgraded by KeyBanc Capital Markets on Wednesday, November 4 to “Sector Weight”. As per Wednesday, September 14, the company rating was maintained by Sidoti. Sidoti upgraded the shares of MGRC in report on Friday, January 8 to “Buy” rating. See McGrath RentCorp (NASDAQ:MGRC) latest ratings:

03/08/2017 Broker: Oppenheimer Rating: Hold Maintain

The stock of Obalon Therapeutics Inc (NASDAQ:OBLN) reached all time low today, Nov, 14 and still has $7.05 target or 9.00% below today’s $7.75 share price. This indicates more downside for the $135.17 million company. This technical setup was reported by Barchart.com. If the $7.05 PT is reached, the company will be worth $12.17M less. About 36,651 shares traded. Obalon Therapeutics Inc (NASDAQ:OBLN) has 0.00% since November 14, 2016 and is . It has underperformed by 16.70% the S&P500.

Obalon Therapeutics, Inc. is a United States commercial-stage medical device firm focused on developing and commercializing medical devices to treat obese and overweight people by facilitating weight loss. The company has market cap of $135.17 million. The Company’s product, Obalon balloon system, is a swallowable, gas-filled intragastric balloon designed to provide weight loss in obese patients. It currently has negative earnings. The Obalon balloon system is intended to be used as an adjunct to a moderate intensity diet and behavior modification program.

Among 2 analysts covering Obalon Therapeutics (NASDAQ:OBLN), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Obalon Therapeutics has $21 highest and $18 lowest target. $19.50’s average target is 151.61% above currents $7.75 stock price. Obalon Therapeutics had 2 analyst reports since October 31, 2016 according to SRatingsIntel. Stifel Nicolaus initiated Obalon Therapeutics Inc (NASDAQ:OBLN) rating on Monday, October 31. Stifel Nicolaus has “Buy” rating and $18 target. The firm has “Buy” rating by UBS given on Monday, October 31.

Analysts await Obalon Therapeutics Inc (NASDAQ:OBLN) to report earnings on February, 22. They expect $-0.48 earnings per share, up 5.88% or $0.03 from last year’s $-0.51 per share. After $-0.55 actual earnings per share reported by Obalon Therapeutics Inc for the previous quarter, Wall Street now forecasts -12.73% EPS growth.

Investors sentiment decreased to 1.28 in 2017 Q2. Its down 0.15, from 1.43 in 2017Q1. It dropped, as 10 investors sold McGrath RentCorp shares while 36 reduced holdings. 16 funds opened positions while 43 raised stakes. 19.43 million shares or 1.00% more from 19.24 million shares in 2017Q1 were reported. Victory Cap Management Incorporated reported 19,775 shares. New York-based Millennium Management Lc has invested 0% in McGrath RentCorp (NASDAQ:MGRC). Barrow Hanley Mewhinney & Strauss Limited Liability Company has 0% invested in McGrath RentCorp (NASDAQ:MGRC). Panagora Asset stated it has 28,066 shares. Asset Mgmt One Ltd owns 0.01% invested in McGrath RentCorp (NASDAQ:MGRC) for 58,000 shares. Da Davidson &, a Montana-based fund reported 13,750 shares. Norman Fields Gottscho Cap Mgmt Lc, New York-based fund reported 6,750 shares. Deutsche Bancorp Ag has invested 0% in McGrath RentCorp (NASDAQ:MGRC). California Public Employees Retirement Systems owns 0% invested in McGrath RentCorp (NASDAQ:MGRC) for 52,600 shares. Qs Limited Liability Com holds 0% or 6,646 shares. Robeco Institutional Asset Mngmt Bv, a Netherlands-based fund reported 17,339 shares. The Illinois-based Northern Tru Corp has invested 0% in McGrath RentCorp (NASDAQ:MGRC). Lsv Asset Mngmt holds 19,200 shares or 0% of its portfolio. Grantham Mayo Van Otterloo & Limited Liability Com stated it has 6,700 shares. Bw Gestao De Investimentos Ltda accumulated 19,487 shares.

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