Edap Tms (NASDAQ:EDAP – Get Free Report) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Friday.
Separately, HC Wainwright lifted their target price on shares of Edap Tms from $16.00 to $19.00 and gave the company a “buy” rating in a research note on Monday, April 1st.
Get Our Latest Research Report on Edap Tms
Edap Tms Trading Down 3.1 %
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. bought a new position in Edap Tms during the first quarter worth $60,000. HighTower Advisors LLC bought a new stake in shares of Edap Tms during the first quarter worth $185,000. Envestnet Asset Management Inc. acquired a new stake in Edap Tms in the 2nd quarter valued at about $80,000. Jane Street Group LLC bought a new position in Edap Tms in the 2nd quarter worth approximately $86,000. Finally, Royal Bank of Canada raised its holdings in Edap Tms by 136.4% during the 3rd quarter. Royal Bank of Canada now owns 13,000 shares of the medical equipment provider’s stock worth $107,000 after purchasing an additional 7,500 shares during the last quarter. Institutional investors own 62.74% of the company’s stock.
About Edap Tms
EDAP TMS SA, together with its subsidiaries, develops, produces, markets, distributes, and maintains a portfolio of minimally invasive medical devices for the treatment of urological diseases in Asia, France, the United States, and internationally. The company operates through High Intensity Focused Ultrasound (HIFU), Extracorporeal ShockWave Lithotripsy (ESWL), and Distribution Services (DIST) segments.
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