Insider Selling: Cardiovascular Systems VP Sells 2,117 Shares of Stock (CSII)
Cardiovascular Systems (NASDAQ:CSII) VP Kevin J. Kenny unloaded 2,117 shares of the stock on the open market in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $29.28, for a total value of $61,985.76. Following the transaction, the vice president now directly owns 87,890 shares of the company’s stock, valued at approximately $2,573,419. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on CSII shares. Analysts at Benchmark Co. raised their price target on shares of Cardiovascular Systems from $38.00 to $42.00 in a research note on Thursday, August 7th. They now have a “buy” rating on the stock. Analysts at Needham & Company LLC raised their price target on shares of Cardiovascular Systems from $37.00 to $38.00 in a research note on Thursday, August 7th. They now have a “strong-buy” rating on the stock. Four research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $40.67.
Cardiovascular Systems (NASDAQ:CSII) traded up 0.38% on Wednesday, hitting $29.40. The stock had a trading volume of 100,833 shares. Cardiovascular Systems has a one year low of $18.83 and a one year high of $37.73. The stock’s 50-day moving average is $29.01 and its 200-day moving average is $30.41. The company’s market cap is $910.2 million.
Cardiovascular Systems (NASDAQ:CSII) last issued its quarterly earnings data on Wednesday, August 6th. The company reported ($0.31) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.28) by $0.03. The company had revenue of $39.56 million for the quarter, compared to the consensus estimate of $37.21 million. The company’s revenue for the quarter was up 37.3% on a year-over-year basis. On average, analysts predict that Cardiovascular Systems will post $-1.11 earnings per share for the current fiscal year.
Cardiovascular Systems, Inc (NASDAQ:CSII) is a medical device company.
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