Cutera, Inc. (CUTR) EVP Sells $20,750.00 in Stock
Cutera, Inc. (NASDAQ:CUTR) EVP Larry Laber sold 500 shares of the stock in a transaction on Monday, November 6th. The stock was sold at an average price of $41.50, for a total value of $20,750.00. Following the completion of the transaction, the executive vice president now owns 72,413 shares of the company’s stock, valued at approximately $3,005,139.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Larry Laber also recently made the following trade(s):
- On Wednesday, November 8th, Larry Laber sold 1,700 shares of Cutera stock. The stock was sold at an average price of $42.15, for a total value of $71,655.00.
- On Monday, October 16th, Larry Laber sold 500 shares of Cutera stock. The stock was sold at an average price of $40.50, for a total value of $20,250.00.
Shares of Cutera, Inc. (NASDAQ CUTR) traded up $0.85 on Friday, hitting $42.45. The stock had a trading volume of 317,300 shares, compared to its average volume of 134,765. The firm has a market cap of $576.37, a price-to-earnings ratio of 53.33, a price-to-earnings-growth ratio of 1.73 and a beta of 0.49. Cutera, Inc. has a one year low of $13.70 and a one year high of $44.40.
Cutera (NASDAQ:CUTR) last issued its earnings results on Tuesday, November 7th. The medical device company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.08 by $0.34. Cutera had a return on equity of 18.73% and a net margin of 7.99%. The company had revenue of $38.17 million during the quarter, compared to analyst estimates of $34.82 million. During the same quarter last year, the firm earned $0.12 EPS. The business’s revenue was up 26.1% on a year-over-year basis. research analysts anticipate that Cutera, Inc. will post 0.55 earnings per share for the current fiscal year.
Cutera declared that its board has initiated a share buyback plan on Monday, August 7th that authorizes the company to buyback $25.00 million in shares. This buyback authorization authorizes the medical device company to reacquire up to 6.8% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.
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CUTR has been the subject of several research analyst reports. Roth Capital increased their price objective on Cutera from $41.00 to $47.00 and gave the stock a “buy” rating in a research report on Tuesday, September 12th. BidaskClub lowered Cutera from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 19th. Gabelli reissued a “buy” rating on shares of Cutera in a report on Wednesday, August 9th. TheStreet raised Cutera from a “c” rating to a “b” rating in a research note on Friday, August 18th. Finally, Maxim Group downgraded Cutera from a “buy” rating to a “hold” rating in a report on Thursday, September 14th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Cutera presently has an average rating of “Buy” and an average target price of $37.33.
A number of large investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC boosted its position in Cutera by 0.8% during the 2nd quarter. Renaissance Technologies LLC now owns 1,214,500 shares of the medical device company’s stock valued at $31,456,000 after purchasing an additional 9,100 shares during the period. Gamco Investors INC. ET AL boosted its position in Cutera by 3.7% during the 2nd quarter. Gamco Investors INC. ET AL now owns 576,363 shares of the medical device company’s stock valued at $14,928,000 after purchasing an additional 20,363 shares during the period. Vanguard Group Inc. boosted its position in Cutera by 3.4% during the 2nd quarter. Vanguard Group Inc. now owns 570,948 shares of the medical device company’s stock valued at $14,788,000 after purchasing an additional 18,549 shares during the period. Kennedy Capital Management Inc. acquired a new position in Cutera during the 2nd quarter valued at approximately $9,426,000. Finally, Teton Advisors Inc. boosted its position in Cutera by 6.7% during the 2nd quarter. Teton Advisors Inc. now owns 319,000 shares of the medical device company’s stock valued at $8,262,000 after purchasing an additional 20,000 shares during the period. Institutional investors and hedge funds own 88.72% of the company’s stock.
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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