Cardiovascular Systems CFO Laurence Betterley Unloads 2,694 Shares (CSII)
Cardiovascular Systems (NASDAQ:CSII) CFO Laurence Betterley unloaded 2,694 shares of Cardiovascular Systems stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $20.32, for a total transaction of $54,742.08. Following the completion of the transaction, the chief financial officer now directly owns 203,362 shares of the company’s stock, valued at approximately $4,132,316. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on CSII. Analysts at Benchmark Co. initiated coverage on shares of Cardiovascular Systems (NASDAQ:CSII) in a research note to investors on Tuesday, September 10th. They set a “speculative buy” rating and a $26.00 price target on the stock. Separately, analysts at Feltl & Co. upgraded shares of Cardiovascular Systems (NASDAQ:CSII) from a “buy” rating to a “strong-buy” rating in a research note to investors on Thursday, August 8th. They now have a $27.50 price target on the stock, up previously from $19.50. Finally, analysts at Wunderlich initiated coverage on shares of Cardiovascular Systems (NASDAQ:CSII) in a research note to investors on Friday, July 26th. They set a “buy” rating and a $24.00 price target on the stock.
Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $26.30.
Cardiovascular Systems (NASDAQ:CSII) traded up 0.56% during mid-day trading on Monday, hitting $19.91. The stock had a trading volume of 269,166 shares. Cardiovascular Systems has a 52-week low of $10.38 and a 52-week high of $22.84. The stock’s 50-day moving average is $20.75 and its 200-day moving average is $19.94. The company’s market cap is $495.9 million.
Cardiovascular Systems (NASDAQ:CSII) last announced its earnings results on Wednesday, August 7th. The company reported ($0.28) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.30) by $0.02. The company had revenue of $28.80 million for the quarter, compared to the consensus estimate of $27.18 million. On average, analysts predict that Cardiovascular Systems will post $-1.15 earnings per share for the current fiscal year.
Cardiovascular Systems, Inc (NASDAQ:CSII) is a medical device company.
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