Cutera Inc (CUTR) Gets a Hold Rating from Maxim Group

By Carrie Williams

Maxim Group analyst Anthony Vendetti maintained a Hold rating on Cutera Inc (CUTRResearch Report) yesterday. The company’s shares closed yesterday at $33.61, close to its 52-week high of $35.85.

Vendetti commented:

“Market close, CUTR reported better-than-expected 2Q19 revenue, earnings, and gross margin compared to both Maxim and consensus estimates. Due to strong sales during the quarter and higher expected gross margins going forward, we are increasing our 2019 and 2020 revenue and GAAP EPS estimates. Management reiterated 2019 guidance for revenue, gross margins, and adjusted EBITDA, which we believe may now be too conservative in terms of revenue. We are also introducing quarterly estimates for 2020.”

According to TipRanks.com, Vendetti is a 4-star analyst with an average return of 5.9% and a 47.9% success rate. Vendetti covers the Healthcare sector, focusing on stocks such as Ellex Medical Lasers Limited, Restoration Robotics Inc, and Xtant Medical Holdings.

Cutera Inc has an analyst consensus of Moderate Buy, with a price target consensus of $35.

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The company has a one-year high of $35.85 and a one-year low of $12.32. Currently, Cutera Inc has an average volume of 116.2K.

Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CUTR in relation to earlier this year.

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Cutera, Inc. provides laser and energy-based aesthetic systems for practitioners, which engages in the design, development, manufacture, marketing and servicing of laser and other energy based aesthetics systems for practitioners. Its products include Enlighten, TruSculpt, Excel HR, Excel V, and Xeo.