Cutera Inc. (CUTR): Insights At A Glance

FIAM LLC has recently announced that it has increased stake in Cutera Inc. (NASDAQ:CUTR) by 7.49%. After grabbing 1.45 million shares, the institutional investor is now in possession of 0.1 million shares of the Healthcare Company. The new investment brought the stake of investor firm to 7.34% having worth around $33.12 million. Moreover, The Vanguard Group, Inc. increased its share by 9357.0 to have a control over 1.2 million shares. And GAMCO Asset Management, Inc. raised its holdings to 74111.0 shares by acquiring 1.12 million shares or 5.68% of the stake.

Cutera Inc. (CUTR) concluded trading on 05/25/23 at a closing price of $16.83, with 1.1 million shares of worth about $18.47 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -60.56% during that period and on Thursday the price saw a gain of about 2.50%. Currently the company’s common shares owned by public are about 19.78M shares, out of which, 19.11M shares are available for trading.

A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 6 analysts are covering the CUTR stock and their offered price forecasts bring an average price target of $28.00. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $42.00 and could fall to a lowest price of $14.00. The stock’s current price level is 39.89% above of average price target set by the analysts, while a rise to estimated low would result in loss of -20.21% for the stock. However, touching the estimated high of $42.00 would mean a gain of 59.93% for the stock.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 62 times over the past 12 months. They bought 76,732 shares in 18 of the transactions. In 44 selling transactions, insiders dumped 35,860 shares.

iShares Core S&P Small Cap ETF, 1290 VT GAMCO Small Company Value, and Fidelity Strategic Advisers US To are the top 3 mutual funds which are holding stakes in Cutera Inc. iShares Core S&P Small Cap ETF is currently holding 1.3 million shares of worth totaling $29.54 million. The company recently came selling 2074.0 shares which brought its stake up to 6.55% of the company’s outstanding shares. 1290 VT GAMCO Small Company Value sold 1500.0 shares, after which its hold over company’s outstanding shares shrunk to 3.43%, leaving 0.68 million shares with the mutual fund that have a worth of about $15.48 million. Fidelity Strategic Advisers US To, after buying 0.6 million shares, have now control over 3.02% of the stake in the company. It holds 13200.0 shares of worth $13.64 million.

Cutera Inc. (NASDAQ: CUTR) started trading at $16.39, below -$0.03 from concluding price of the previous day. However, the stock later moved at a day high price of 16.89, or with a gain of 2.50%. Stock saw a price change of -5.24% in past 5 days and over the past one month there was a price change of -22.23%. Year-to-date (YTD), CUTR shares are showing a performance of -61.94% which decreased to -59.26% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $13.21 but also hit the highest price of $54.04 during that period. The average intraday trading volume for Cutera Inc. shares is 841.01K. The stock is currently trading -9.50% below its 20-day simple moving average (SMA20), while that difference is down -23.19% for SMA50 and it goes to -54.79% lower than SMA200.

FIAM LLC acquired 1.45 million shares of Cutera Inc. having value of about $33.12 million. Data submitted at the U.S SEC by FIAM LLC revealed that the firm now holds 0.1 million shares in the company valued at close to $1703179.17, or have control over 7.49% stake in the company. Cutera Inc. (NASDAQ: CUTR) currently have 19.78M outstanding shares and institutions hold larger chunk of about 131.11% of that. Holding of mutual funds in the company is about 40.97% while other institutional holders and individual stake holders have control over 92.12% and 34.40% of the stake respectively.

The stock has a current market capitalization of $352.08M and its 3Y-monthly beta is at 1.60. It has posted earnings per share of -$4.84 in the same period. It has Quick Ratio of 3.20. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CUTR, volatility over the week remained 5.64% while standing at 8.25% over the month.

Analysts are in expectations that Cutera Inc. (CUTR) stock would likely to be making an EPS of -$0.63 in the current quarter, while forecast for next quarter EPS is -$0.45 and it is -$0.91 for next year. For the current quarter EPS, analysts have given the company a lowest target -$1.01 which is -$0.23 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.24 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -80.00% while it is estimated to increase by 43.80% in next year. EPS is likely to grow at an annualized rate of 25.00% for next 5-years, compared to annual growth of -30.20% made by the stock over the past 5-years.

Analysts at 6 brokerage firms have issued recommendations for the Cutera Inc. (CUTR)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.80. Out of those 6 Wall Street analysts, 2 recommended a “Buy” rating, while 2 were in favor recommending the stock as a “Hold” and 2 analyst recommended the stock as “Sell”.