Insider Selling: Gerhard F. Burbach Unloads 30,600 Shares of Thoratec Corp. Stock (THOR)
Thoratec Corp. (NASDAQ:THOR) CEO Gerhard F. Burbach sold 30,600 shares of the stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $36.65, for a total value of $1,121,490.00. Following the completion of the transaction, the chief executive officer now directly owns 156,307 shares of the company’s stock, valued at approximately $5,728,652. The transaction was disclosed in a filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on THOR shares. Analysts at Zacks reiterated a “neutral” rating on shares of Thoratec Corp. in a research note to investors on Monday, January 6th. They now have a $38.00 price target on the stock. Separately, analysts at Northland Securities raised their price target on shares of Thoratec Corp. from $42.00 to $46.00 in a research note to investors on Thursday, October 31st. Finally, analysts at Barclays raised their price target on shares of Thoratec Corp. from $43.00 to $45.00 in a research note to investors on Thursday, October 31st. They now have an “overweight” rating on the stock. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Thoratec Corp. presently has a consensus rating of “Buy” and a consensus target price of $44.90.
Thoratec Corp. (NASDAQ:THOR) traded up 2.16% on Tuesday, hitting $37.84. 391,733 shares of the company’s stock traded hands. Thoratec Corp. has a 52-week low of $29.91 and a 52-week high of $43.58. The stock has a 50-day moving average of $37.27 and a 200-day moving average of $37.05. The company has a market cap of $2.156 billion and a price-to-earnings ratio of 47.31.
Thoratec Corp. (NASDAQ:THOR) last released its earnings data on Wednesday, October 30th. The company reported $0.49 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.40 by $0.09. The company had revenue of $126.40 million for the quarter, compared to the consensus estimate of $121.25 million. During the same quarter in the prior year, the company posted $0.41 earnings per share. The company’s quarterly revenue was up 7.3% on a year-over-year basis. Analysts expect that Thoratec Corp. will post $1.83 EPS for the current fiscal year.
Thoratec Corporation is engaged in mechanical circulatory support with a product portfolio to treat the range of clinical needs for advanced heart failure (NASDAQ:THOR) patients.
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