Insider Selling: Zeltiq Aesthetics VP Sells 2,291 Shares of Stock (ZLTQ)
Zeltiq Aesthetics (NASDAQ:ZLTQ) VP Carl Lamm sold 2,291 shares of the stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $20.18, for a total transaction of $46,232.38. Following the completion of the transaction, the vice president now directly owns 24,724 shares in the company, valued at approximately $498,930. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Zeltiq Aesthetics (NASDAQ:ZLTQ) traded down 2.70% during mid-day trading on Tuesday, hitting $18.76. The stock had a trading volume of 314,673 shares. Zeltiq Aesthetics has a 52 week low of $6.67 and a 52 week high of $24.79. The stock has a 50-day moving average of $16.17 and a 200-day moving average of $17.77. The company’s market cap is $704.0 million.
Zeltiq Aesthetics (NASDAQ:ZLTQ) last announced its earnings results on Tuesday, July 29th. The company reported $0.07 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.13) by $0.20. The company had revenue of $47.10 million for the quarter, compared to the consensus estimate of $34.93 million. Zeltiq Aesthetics’s revenue was up 79.1% compared to the same quarter last year. Analysts expect that Zeltiq Aesthetics will post $-0.18 EPS for the current fiscal year.
A number of analysts have recently weighed in on ZLTQ shares. Analysts at Leerink Swann raised their price target on shares of Zeltiq Aesthetics from $26.00 to $27.00 in a research note on Thursday, July 31st. Analysts at Maxim Group raised their price target on shares of Zeltiq Aesthetics from $25.00 to $30.00 in a research note on Wednesday, July 30th. They now have a “buy” rating on the stock. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $24.26.
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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