Cutera (NASDAQ:CUTR – Get Rating) had its price objective raised by research analysts at Maxim Group from $60.00 to $80.00 in a note issued to investors on Thursday, The Fly reports. Maxim Group’s price target suggests a potential upside of 34.45% from the company’s current price.
Several other equities research analysts have also recently issued reports on the company. Stifel Nicolaus boosted their price target on Cutera from $60.00 to $70.00 in a research note on Monday, March 28th. Zacks Investment Research upgraded Cutera from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research note on Wednesday, March 30th. Finally, StockNews.com initiated coverage on Cutera in a research note on Thursday, March 31st. They issued a “hold” rating for the company. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Cutera presently has a consensus rating of “Buy” and a consensus target price of $70.00.
Shares of NASDAQ:CUTR opened at $59.50 on Thursday. Cutera has a 12-month low of $28.67 and a 12-month high of $74.38. The stock has a market cap of $1.08 billion, a PE ratio of 850.12 and a beta of 1.79. The business has a 50 day moving average of $56.48 and a 200-day moving average of $44.86. The company has a quick ratio of 2.84, a current ratio of 3.38 and a debt-to-equity ratio of 2.37.
In other news, CEO David H. Mowry acquired 2,453 shares of the stock in a transaction on Friday, March 4th. The stock was acquired at an average cost of $40.81 per share, for a total transaction of $100,106.93. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.10% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in CUTR. BlackRock Inc. increased its holdings in shares of Cutera by 6.0% during the fourth quarter. BlackRock Inc. now owns 2,635,306 shares of the medical device company’s stock worth $108,891,000 after buying an additional 148,427 shares in the last quarter. RTW Investments LP increased its holdings in shares of Cutera by 74.5% during the third quarter. RTW Investments LP now owns 1,257,862 shares of the medical device company’s stock worth $58,616,000 after buying an additional 537,045 shares in the last quarter. Millennium Management LLC increased its holdings in shares of Cutera by 66.7% during the fourth quarter. Millennium Management LLC now owns 708,966 shares of the medical device company’s stock worth $29,294,000 after buying an additional 283,736 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Cutera by 1.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 402,034 shares of the medical device company’s stock worth $16,611,000 after buying an additional 4,832 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Cutera by 9.9% during the third quarter. Geode Capital Management LLC now owns 326,618 shares of the medical device company’s stock worth $15,220,000 after buying an additional 29,481 shares in the last quarter.
About Cutera (Get Rating)
Cutera, Inc, a medical device company, researches, develops, manufactures, markets, and services laser and energy-based aesthetics systems for practitioners worldwide. The company offers Secret PRO, a device that utilizes fractional CO2 for skin resurfacing and radio frequency (RF) microneedling for deep dermal remodeling; truSculpt flex, a bio-electrical muscle stimulation device to treat patients at all fitness levels; excel V+, a vascular and benign pigmented lesion treatment platform; truSculpt iD, for the non-surgical body sculpting market; and Secret RF, a fractional RF microneedling system for tissue coagulation and hemostasis.
- Get a free copy of the StockNews.com research report on Cutera (CUTR)
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