Shoulder Innovations (NYSE:SI) Now Covered by Analysts at BTIG Research

BTIG Research initiated coverage on shares of Shoulder Innovations (NYSE:SI) in a research report sent to investors on Monday, Marketbeat reports. The brokerage issued a buy rating and a $23.00 price target on the stock.

A number of other research analysts have also recently commented on SI. Wall Street Zen upgraded Shoulder Innovations to a “hold” rating in a research note on Saturday, August 16th. Piper Sandler began coverage on Shoulder Innovations in a report on Monday. They issued an “overweight” rating and a $18.00 price objective on the stock. The Goldman Sachs Group assumed coverage on Shoulder Innovations in a report on Monday. They set a “buy” rating and a $20.00 target price for the company. Finally, Jefferies Financial Group started coverage on shares of Shoulder Innovations in a research note on Monday. They set a “buy” rating and a $19.00 price target on the stock. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $20.00.

Shoulder Innovations Trading Up 18.1%

Shoulder Innovations stock opened at $15.01 on Monday. The company has a market capitalization of $228.60 million and a PE ratio of -0.50. Shoulder Innovations has a 1 year low of $11.75 and a 1 year high of $17.94.

Insider Buying and Selling

In related news, Director Michael A. Carusi acquired 266,666 shares of the firm’s stock in a transaction dated Friday, August 1st. The stock was acquired at an average price of $15.00 per share, for a total transaction of $3,999,990.00. Following the purchase, the director owned 1,885,136 shares of the company’s stock, valued at $28,277,040. This represents a 16.48% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Lsv Associates Ii, Llc bought 266,666 shares of the business’s stock in a transaction that occurred on Friday, August 1st. The shares were purchased at an average price of $15.00 per share, for a total transaction of $3,999,990.00. Following the completion of the purchase, the insider directly owned 1,885,136 shares of the company’s stock, valued at approximately $28,277,040. This trade represents a 16.48% increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 778,382 shares of company stock worth $11,675,730 over the last ninety days.

About Shoulder Innovations

We are a commercial-stage medical technology company exclusively focused on transforming the shoulder surgical care market. We currently offer advanced implant systems for shoulder arthroplasty. These systems are a core element of our ecosystem, which we designed to improve core components of shoulder surgical care – preoperative planning, implant design and procedural efficiency – to benefit each stakeholder in the care chain.