Cutera, Inc. (NASDAQ:CUTR) Given Consensus Recommendation of Hold by Analysts – Riverton Roll

Posted in Tattoo Removal on Dec 04, 2019

Shares of Cutera, Inc. (NASDAQ:CUTR) have earned a consensus recommendation of Hold from the seven brokerages that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $45.00.

CUTR has been the subject of several research reports. Stephens increased their target price on shares of Cutera from $35.00 to $45.00 and gave the company an overweight rating in a research note on Friday, November 8th. Sidoti lowered Cutera from a buy rating to a neutral rating in a research note on Thursday, August 22nd. BidaskClub upgraded Cutera from a buy rating to a strong-buy rating in a research note on Tuesday, November 5th. Maxim Group reaffirmed a hold rating on shares of Cutera in a report on Friday, August 9th. Finally, Zacks Investment Research downgraded Cutera from a hold rating to a sell rating in a research report on Wednesday, November 13th.

NASDAQ:CUTR opened at $38.27 on Wednesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.66 and a quick ratio of 1.05. Cutera has a one year low of $12.32 and a one year high of $39.15. The company has a fifty day moving average price of $33.84 and a 200 day moving average price of $26.98. The stock has a market cap of $544.58 million, a P/E ratio of -17.16 and a beta of 0.96.

Cutera (NASDAQ:CUTR) last posted its quarterly earnings results on Thursday, November 7th. The medical device company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.23. Cutera had a negative net margin of 20.84% and a negative return on equity of 84.67%. The company had revenue of $46.12 million for the quarter, compared to analyst estimates of $41.66 million. During the same period last year, the business posted $0.11 EPS. The businesss quarterly revenue was up 13.7% on a year-over-year basis. As a group, equities research analysts anticipate that Cutera will post -0.71 EPS for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the business. California State Teachers Retirement System raised its stake in shares of Cutera by 1.3% in the 3rd quarter. California State Teachers Retirement System now owns 21,548 shares of the medical device companys stock valued at $630,000 after buying an additional 269 shares in the last quarter. State Street Corp increased its stake in Cutera by 25.8% in the third quarter. State Street Corp now owns 465,757 shares of the medical device companys stock valued at $13,614,000 after acquiring an additional 95,597 shares during the period. Eqis Capital Management Inc. bought a new stake in Cutera in the third quarter valued at about $278,000. Massachusetts Financial Services Co. MA acquired a new position in Cutera in the third quarter worth about $287,000. Finally, Mackay Shields LLC acquired a new position in Cutera in the third quarter worth about $1,566,000. Hedge funds and other institutional investors own 91.46% of the companys stock.

About Cutera

Cutera, Inc, a medical device company, designs, develops, manufactures, markets, and services laser and other energy based aesthetics systems worldwide. The company offers enlighten platform, a laser system that is used for tattoo removal, as well as for the treatment of benign pigmented lesions; excel HR platform, a hair removal solution for various skin types; and truSculpt, a high-powered radio frequency platform designed for deep tissue heating.

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Cutera, Inc. (NASDAQ:CUTR) Given Consensus Recommendation of Hold by Analysts - Riverton Roll

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