Cutera, Inc. (CUTR) Director Sells $47,400.00 in Stock

Cutera, Inc. (NASDAQ:CUTR) Director David B. Apfelberg sold 1,000 shares of the company’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $47.40, for a total transaction of $47,400.00. Following the transaction, the director now directly owns 8,259 shares of the company’s stock, valued at $391,476.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Cutera, Inc. (CUTR) traded down $0.55 during mid-day trading on Friday, reaching $45.90. 161,600 shares of the company were exchanged, compared to its average volume of 164,664. Cutera, Inc. has a 12 month low of $16.65 and a 12 month high of $48.95. The company has a market capitalization of $643.56, a P/E ratio of 59.55, a P/E/G ratio of 2.01 and a beta of 0.53.

Cutera (NASDAQ:CUTR) last released its quarterly earnings results on Tuesday, November 7th. The medical device company reported $0.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.34. Cutera had a net margin of 7.99% and a return on equity of 18.73%. The company had revenue of $38.17 million during the quarter, compared to the consensus estimate of $34.82 million. During the same period in the prior year, the firm earned $0.12 earnings per share. Cutera’s revenue was up 26.1% on a year-over-year basis. equities research analysts anticipate that Cutera, Inc. will post 0.55 EPS for the current year.

Hedge funds have recently added to or reduced their stakes in the stock. Parallel Advisors LLC bought a new position in Cutera in the third quarter worth about $117,000. Legal & General Group Plc raised its stake in Cutera by 69.6% in the third quarter. Legal & General Group Plc now owns 3,600 shares of the medical device company’s stock worth $149,000 after buying an additional 1,477 shares in the last quarter. Greenwood Capital Associates LLC bought a new position in Cutera in the third quarter worth about $210,000. Dynamic Technology Lab Private Ltd bought a new position in Cutera in the third quarter worth about $264,000. Finally, Mackenzie Financial Corp bought a new position in Cutera in the third quarter worth about $277,000. 87.64% of the stock is owned by institutional investors.

Several brokerages have recently commented on CUTR. BidaskClub raised shares of Cutera from a “hold” rating to a “buy” rating in a research note on Tuesday, December 12th. Zacks Investment Research downgraded shares of Cutera from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. Roth Capital upped their price objective on shares of Cutera from $41.00 to $47.00 and gave the company a “buy” rating in a research note on Tuesday, September 12th. Finally, Maxim Group downgraded shares of Cutera from a “buy” rating to a “hold” rating in a research note on Thursday, September 14th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Cutera has an average rating of “Buy” and an average price target of $37.33.

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Cutera Company Profile

Cutera, Inc is a medical device company. The Company is engaged in the design, development, manufacture, marketing and servicing of laser and other energy-based aesthetics systems for practitioners across the world. The Company offers products based on product platforms, such as enlighten, excel HR, truSculpt, excel V and xeo, each of which enables physicians and other practitioners to perform aesthetic procedures for customers.

Insider Buying and Selling by Quarter for Cutera (NASDAQ:CUTR)

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