Zacks Investment Research Upgrades Sunshine Heart (CHFS) to “Buy”
Sunshine Heart (NASDAQ:CHFS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday. The brokerage currently has a $4.25 price objective on the stock. Zacks Investment Research‘s target price suggests a potential upside of 12.14% from the stock’s previous close.
According to Zacks, “CHF Solutions, Inc. is a medical device company which focused on commercializing the Aquadex FlexFlow (R) System. Its commercial product Aquadex system, is indicated for temporary ultrafiltration treatment of patients with fluid overload who have failed diuretic therapy and extended ultrafiltration treatment of patients with fluid overload who have failed diuretic therapy and require hospitalization. CHF Solutions Inc., formerly known as Sunshine Heart Inc., is headquartered in Minneapolis. “
Separately, ValuEngine upgraded Sunshine Heart from a “strong sell” rating to a “sell” rating in a report on Tuesday, October 31st.
In related news, major shareholder Ki Yong Choi bought 78,211 shares of the company’s stock in a transaction on Wednesday, September 13th. The stock was bought at an average cost of $0.64 per share, with a total value of $50,055.04. Following the completion of the acquisition, the insider now owns 1,731,464 shares in the company, valued at approximately $1,108,136.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.00% of the company’s stock.
Sunshine Heart Company Profile
CHF Solutions, Inc, an early-stage medical device company, develops cardiac and coronary disease products primarily in the United States. It focused on commercializing the Aquadex FlexFlow system, which is indicated for temporary ultrafiltration treatment of patients with fluid overload who have failed diuretic therapy, and extended ultrafiltration treatment of patients with fluid overload who have failed diuretic therapy and require hospitalization.
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