Cutera, Inc. (NASDAQ:CUTR) Director Timothy J. Oshea sold 4,000 shares of the stock in a transaction on Monday, November 6th. The shares were sold at an average price of $41.00, for a total value of $164,000.00. Following the transaction, the director now directly owns 36,467 shares in the company, valued at $1,495,147. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Shares of Cutera, Inc. (NASDAQ:CUTR) opened at $42.45 on Friday. Cutera, Inc. has a 12 month low of $13.70 and a 12 month high of $44.40. The stock has a market capitalization 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 (NASDAQ:CUTR) last issued its quarterly earnings data on Tuesday, November 7th. The medical device company reported $0.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.34. The firm had revenue of $38.17 million during the quarter, compared to analyst estimates of $34.82 million. Cutera had a return on equity of 18.73% and a net margin of 7.99%. The business’s quarterly revenue was up 26.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.12 earnings per share. analysts expect that Cutera, Inc. will post 0.55 earnings per share for the current year.

Cutera declared that its board has approved a stock buyback program on Monday, August 7th that authorizes the company to repurchase $25.00 million in shares. This repurchase authorization authorizes the medical device company to buy up to 6.8% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

TRADEMARK VIOLATION NOTICE: This report was posted by Watch List News and is owned by of Watch List News. If you are reading this report on another publication, it was illegally copied and reposted in violation of US and international trademark & copyright laws. The original version of this report can be viewed at https://www.watchlistnews.com/insider-selling-cutera-inc-cutr-director-sells-164000-00-in-stock/1695816.html.

Several equities analysts have recently weighed in on the company. Maxim Group reissued a “hold” rating on shares of Cutera in a report on Wednesday. BidaskClub raised Cutera from a “hold” rating to a “buy” rating in a report on Saturday, August 12th. TheStreet raised Cutera from a “c” rating to a “b” rating in a report on Friday, August 18th. Roth Capital raised their target price on Cutera from $32.00 to $39.00 and gave the stock a “buy” rating in a report on Tuesday, August 8th. Finally, Gabelli reaffirmed a “buy” rating on shares of Cutera in a report on Wednesday, August 9th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $37.33.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Legal & General Group Plc grew its position in Cutera by 69.6% in the third quarter. Legal & General Group Plc now owns 3,600 shares of the medical device company’s stock worth $149,000 after acquiring an additional 1,477 shares in the last quarter. Greenwood Capital Associates LLC purchased a new position in Cutera in the third quarter worth about $210,000. Dynamic Technology Lab Private Ltd purchased a new position in Cutera in the third quarter worth about $264,000. Nationwide Fund Advisors grew its position in Cutera by 8.4% in the second quarter. Nationwide Fund Advisors now owns 7,216 shares of the medical device company’s stock worth $187,000 after acquiring an additional 561 shares in the last quarter. Finally, American International Group Inc. grew its position in Cutera by 7.0% in the first quarter. American International Group Inc. now owns 7,221 shares of the medical device company’s stock worth $149,000 after acquiring an additional 475 shares in the last quarter. Institutional investors own 88.72% of the company’s stock.

About Cutera

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.

Insider Buying and Selling by Quarter for Cutera (NASDAQ:CUTR)

Receive News & Ratings for Cutera Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cutera Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.