Neuronetics, Inc. (NASDAQ:STIM) SVP William Andrew Macan Sells 16,046 Shares of Stock

Neuronetics, Inc. (NASDAQ:STIM – Get Rating) SVP William Andrew Macan sold 16,046 shares of the firm’s stock in a transaction that occurred on Monday, January 23rd. The shares were sold at an average price of $5.96, for a total transaction of $95,634.16. Following the completion of the sale, the senior vice president now owns 338,719 shares in the company, valued at approximately $2,018,765.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Neuronetics Trading Up 1.0 %

Neuronetics stock opened at $5.89 on Wednesday. The firm has a 50 day simple moving average of $6.14 and a 200-day simple moving average of $4.47. The company has a debt-to-equity ratio of 0.43, a current ratio of 4.02 and a quick ratio of 3.68. The stock has a market capitalization of $160.33 million, a PE ratio of -4.30 and a beta of 2.12. Neuronetics, Inc. has a 12-month low of $1.98 and a 12-month high of $6.95.

Neuronetics (NASDAQ:STIM – Get Rating) last posted its quarterly earnings data on Tuesday, November 8th. The company reported ($0.28) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.44) by $0.16. The business had revenue of $16.50 million during the quarter, compared to analysts’ expectations of $14.79 million. Neuronetics had a negative net margin of 58.85% and a negative return on equity of 49.80%. As a group, equities research analysts expect that Neuronetics, Inc. will post -1.51 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group raised their price target on shares of Neuronetics from $9.00 to $10.00 in a research note on Wednesday, November 9th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Y Intercept Hong Kong Ltd bought a new position in shares of Neuronetics in the second quarter valued at approximately $35,000. PDT Partners LLC bought a new position in shares of Neuronetics in the third quarter valued at approximately $38,000. Baker Tilly Wealth Management LLC bought a new stake in Neuronetics during the third quarter worth approximately $40,000. CWM LLC bought a new stake in Neuronetics during the third quarter worth approximately $41,000. Finally, Prudential Financial Inc. bought a new stake in Neuronetics during the third quarter worth approximately $45,000. 62.90% of the stock is currently owned by institutional investors.

Neuronetics Company Profile

(Get Rating)

Neuronetics, Inc commercial stage medical technology company, which engages in the designing, developing and marketing products for the patients suffering from psychiatric disorders. It operates through United States and International geographical segments. The firm offers NeuroStar TMS, a therapy system for the treatment of major depressive disorders in adult patients.