Cutera, Inc. (CUTR) Director Sells $42,550.00 in Stock
Cutera, Inc. (NASDAQ:CUTR) Director David B. Apfelberg sold 1,000 shares of the company’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $42.55, for a total value of $42,550.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
David B. Apfelberg also recently made the following trade(s):
- On Monday, September 18th, David B. Apfelberg sold 1,000 shares of Cutera stock. The stock was sold at an average price of $38.45, for a total value of $38,450.00.
Cutera, Inc. (NASDAQ CUTR) traded down $1.50 during trading hours on Monday, reaching $41.00. 387,351 shares of the company’s stock traded hands, compared to its average volume of 142,565. Cutera, Inc. has a one year low of $14.60 and a one year high of $47.15. The stock has a market capitalization of $574.21, a price-to-earnings ratio of 54.49, a price-to-earnings-growth ratio of 1.84 and a beta of 0.49.
Cutera (NASDAQ:CUTR) last posted its quarterly earnings results on Tuesday, November 7th. The medical device company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.08 by $0.34. Cutera had a net margin of 7.99% and a return on equity of 18.73%. The company had revenue of $38.17 million for the quarter, compared to analyst estimates of $34.82 million. During the same period in the prior year, the company earned $0.12 earnings per share. The firm’s revenue was up 26.1% on a year-over-year basis. equities research analysts anticipate that Cutera, Inc. will post 0.55 EPS for the current fiscal year.
Cutera announced that its board has initiated a stock repurchase program on Monday, August 7th that permits the company to buyback $25.00 million in outstanding shares. This buyback authorization permits the medical device company to purchase up to 6.8% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.
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Several hedge funds have recently bought and sold shares of the company. Parallel Advisors LLC purchased a new stake in shares of Cutera during the 3rd quarter worth about $117,000. Argent Capital Management LLC purchased a new stake in shares of Cutera during the 3rd quarter worth about $1,320,000. Cornerstone Capital Management Holdings LLC. boosted its stake in shares of Cutera by 76.0% during the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 85,700 shares of the medical device company’s stock worth $3,542,000 after acquiring an additional 37,000 shares in the last quarter. PEAK6 Investments L.P. boosted its stake in shares of Cutera by 533.0% during the 3rd quarter. PEAK6 Investments L.P. now owns 64,895 shares of the medical device company’s stock worth $2,683,000 after acquiring an additional 54,643 shares in the last quarter. Finally, Mackenzie Financial Corp purchased a new stake in shares of Cutera during the 3rd quarter worth about $277,000. 87.81% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts recently issued reports on CUTR shares. Roth Capital upped their target price on Cutera from $41.00 to $47.00 and gave the company a “buy” rating in a research report on Tuesday, September 12th. Gabelli reissued a “buy” rating on shares of Cutera in a research report on Wednesday, August 9th. BidaskClub raised Cutera from a “hold” rating to a “buy” rating in a research report on Saturday, August 12th. TheStreet raised Cutera from a “c” rating to a “b” rating in a research report on Friday, August 18th. Finally, Maxim Group downgraded Cutera from a “buy” rating to a “hold” rating in a research report on Thursday, September 14th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $37.33.
Cutera Company Profile
Cutera, Inc is a medical device company. The Company is engaged in the design, development, manufacture, marketing and servicing of laser and other energy-based aesthetics systems for practitioners across the world. The Company offers products based on product platforms, such as enlighten, excel HR, truSculpt, excel V and xeo, each of which enables physicians and other practitioners to perform aesthetic procedures for customers.
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