Cardiovascular Systems Insider Sells $984,912 in Stock (CSII)
Cardiovascular Systems (NASDAQ:CSII) Insider James Flaherty sold 36,682 shares of the stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $26.85, for a total value of $984,911.70. Following the sale, the insider now directly owns 132,366 shares in the company, valued at approximately $3,554,027. The sale was disclosed in a legal filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on CSII shares. Analysts at Feltl & Co. raised their price target on shares of Cardiovascular Systems from $27.50 to $32.50 in a research note to investors on Wednesday. They now have a “strong-buy” rating on the stock. Separately, analysts at Dougherty & Co raised their price target on shares of Cardiovascular Systems from $28.00 to $50.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Finally, analysts at Benchmark Co. raised their price target on shares of Cardiovascular Systems from $26.00 to $35.00 in a research note to investors on Tuesday. Three investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Cardiovascular Systems currently has an average rating of “Buy” and an average price target of $34.70.
Shares of Cardiovascular Systems (NASDAQ:CSII) traded up 0.14% during mid-day trading on Thursday, hitting $28.88. The stock had a trading volume of 384,958 shares. Cardiovascular Systems has a 52-week low of $10.12 and a 52-week high of $22.84. The stock’s 50-day moving average is $20.71 and its 200-day moving average is $19.78. The company’s market cap is $719.3 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. Analysts expect that Cardiovascular Systems will post $-1.19 EPS for the current fiscal year.
Cardiovascular Systems, Inc (NASDAQ:CSII) is a medical device company.
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