Cutera Inc. (NASDAQ:CUTR) shares traded 1.28% higher at $44.33 on Wall Street last session.
In accordance with the data, 5 analysts cover Cutera Inc. (NASDAQ:CUTR). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $85.00 and a low of $55.00, we find $78.00. Given the previous closing price of $43.77, this indicates a potential upside of 78.2 percent. CUTR stock price is now -3.45% away from the 50-day moving average and -5.97% away from the 200-day moving average. The market capitalization of the company currently stands at $843.16M.
It has been rated a hold by 0 analysts and a buy by 5. Brokers who have rated the stock have averaged $73.60 as their price target over the next twelve months.
On November 04, 2021, Maxim Group Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock keeping its target price maintained at $60, while ‘Cantor Fitzgerald’ rates the stock as ‘Overweight’.
In other news, Mowry David H, Chief Executive Officer bought 996 shares of the company’s stock on May 13. The stock was bought for $49,920 at an average price of $50.12. Upon completion of the transaction, the Chief Executive Officer now directly owns 131,779 shares in the company, valued at $5.84 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 04, Chief Executive Officer Mowry David H bought 2,453 shares of the business’s stock. A total of $100,107 was incurred on buying the stock at an average price of $40.81. This leaves the insider owning 98,785 shares of the company worth $4.38 million. Insiders disposed of 45,808 shares of company stock worth roughly $2.03 million over the past 1 year. A total of 2.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CUTR stock. A new stake in Cutera Inc. shares was purchased by REDMILE GROUP, LLC during the first quarter worth $8,625,000. GREAT LAKES ADVISORS, LLC invested $5,376,000 in shares of CUTR during the first quarter. In the first quarter, DIVISADERO STREET CAPITAL MANAGEMENT, LP acquired a new stake in Cutera Inc. valued at approximately $4,433,000. OSTERWEIS CAPITAL MANAGEMENT INC acquired a new stake in CUTR for approximately $3,943,000. CAPTION MANAGEMENT, LLC purchased a new stake in CUTR valued at around $2,759,000 in the second quarter.
During the past 12 months, Cutera Inc. has had a low of $31.62 and a high of $74.38. As of last week, the company has a debt-to-equity ratio of 19.46, a current ratio of 3.70, and a quick ratio of 3.20. The fifty day moving average price for CUTR is $45.91 and a two-hundred day moving average price translates $47.14 for the stock.
The latest earnings results from Cutera Inc. (NASDAQ: CUTR) was released for Jun, 2022. According to the Medical Devices Company, earnings per share came in at -$0.24, missing analysts’ expectations of -$0.15 by -0.09. This compares to -$0.08 EPS in the same period last year. The net profit margin was -31.30% and return on equity was -225.70% for CUTR. The company reported revenue of $62.81 million for the quarter, compared to $57.38 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.45 percent. For the current quarter, analysts expect CUTR to generate $63.02M in revenue.