Zeltiq Aesthetics CFO Sells $17,170 in Stock (ZLTQ)
Zeltiq Aesthetics (NASDAQ:ZLTQ) CFO Patrick F. Williams unloaded 1,000 shares of the stock on the open market in a transaction dated Monday, June 2nd. The shares were sold at an average price of $17.17, for a total value of $17,170.00. Following the transaction, the chief financial officer now directly owns 92,795 shares in the company, valued at approximately $1,593,290. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on ZLTQ shares. Analysts at Cantor Fitzgerald reiterated a “positive” rating on shares of Zeltiq Aesthetics in a research note on Monday, May 5th. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Zeltiq Aesthetics in a research note on Wednesday, April 30th. They now have a $20.00 price target on the stock. Finally, analysts at Canaccord Genuity cut their price target on shares of Zeltiq Aesthetics from $26.00 to $24.00 in a research note on Wednesday, April 30th. They now have a “buy” rating on the stock. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $23.40.
Zeltiq Aesthetics (NASDAQ:ZLTQ) traded up 3.17% on Friday, hitting $16.59. The stock had a trading volume of 151,292 shares. Zeltiq Aesthetics has a 1-year low of $5.05 and a 1-year high of $24.79. The stock has a 50-day moving average of $17.09 and a 200-day moving average of $18.39. The company’s market cap is $620.5 million.
Zeltiq Aesthetics (NASDAQ:ZLTQ) last issued its quarterly earnings data on Tuesday, April 29th. The company reported ($0.20) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.15) by $0.05. The company had revenue of $31.00 million for the quarter, compared to the consensus estimate of $27.54 million. On average, analysts predict that Zeltiq Aesthetics will post $-0.39 earnings per share for the current fiscal year.
Zeltiq Aesthetics, Inc operates as a medical device development company. It engages in the design, development, and commercialization of non-invasive procedures for the reduction of unwanted fat tissue.
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