Geode Capital Management LLC Has $557,000 Stake in Monogram Orthopaedics, Inc. (NASDAQ:MGRM)

Geode Capital Management LLC increased its stake in shares of Monogram Orthopaedics, Inc. (NASDAQ:MGRM) by 1,267.4% during the third quarter, HoldingsChannel reports. The fund owned 210,144 shares of the company’s stock after buying an additional 194,776 shares during the period. Geode Capital Management LLC’s holdings in Monogram Orthopaedics were worth $557,000 as of its most recent SEC filing.

Separately, State Street Corp acquired a new stake in shares of Monogram Orthopaedics during the third quarter worth $62,000. 0.45% of the stock is currently owned by institutional investors and hedge funds.

Monogram Orthopaedics Stock Performance

Shares of MGRM stock opened at $2.50 on Friday. Monogram Orthopaedics, Inc. has a 1 year low of $1.53 and a 1 year high of $4.90. The firm’s fifty day moving average price is $2.34 and its two-hundred day moving average price is $2.46. The firm has a market capitalization of $85.78 million, a P/E ratio of -5.32 and a beta of 1.51.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on MGRM shares. Roth Capital upgraded shares of Monogram Orthopaedics to a “strong-buy” rating in a report on Monday, December 9th. Roth Mkm assumed coverage on shares of Monogram Orthopaedics in a research note on Monday, December 9th. They issued a “buy” rating and a $4.00 price target on the stock.

About Monogram Orthopaedics

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.