Edap Tms (NASDAQ:EDAP – Get Free Report) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Thursday.
Separately, HC Wainwright boosted their target price on Edap Tms from $16.00 to $19.00 and gave the stock a “buy” rating in a report on Monday, April 1st.
Get Our Latest Analysis on Edap Tms
Edap Tms Trading Down 3.4 %
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in EDAP. JPMorgan Chase & Co. acquired a new position in Edap Tms in the first quarter valued at approximately $60,000. HighTower Advisors LLC acquired a new position in Edap Tms during the first quarter worth $185,000. Envestnet Asset Management Inc. acquired a new position in Edap Tms during the second quarter worth $80,000. Jane Street Group LLC acquired a new position in Edap Tms during the second quarter worth $86,000. Finally, Royal Bank of Canada lifted its stake in Edap Tms by 136.4% during the third 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 in the last quarter. 62.74% of the stock is currently owned by institutional investors and hedge funds.
Edap Tms Company Profile
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. It operates in three segments: High Intensity Focused Ultrasound (HIFU), Extracorporeal ShockWave Lithotripsy (ESWL), and Distribution Services (DIST).
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