Today’s Market Runner: What’s Cutera, Inc. Upside After Making 52-Week High?

Today's Market Runner: What's Cutera, Inc. Upside After Making 52 Week High?

The stock of Cutera, Inc. (NASDAQ:CUTR) hit a new 52-week high and has $24.33 target or 58.00% above today’s $15.40 share price. The 6 months bullish chart indicates low risk for the $205.78M company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $24.33 price target is reached, the company will be worth $119.35 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 103,301 shares traded hands or 70.98% up from the average. Cutera, Inc. (NASDAQ:CUTR) has risen 26.40% since April 19, 2016 and is uptrending. It has outperformed by 22.54% the S&P500.

According to Zacks Investment Research, “Cutera Inc designs, develops, manufactures and markets the CoolGlide family of products for use in laser and other light-based aesthetic applications. The original CoolGlide CV provides permanent hair reduction on all skin types. The second generation CoolGlide Excel incorporated features that added the capability to treat a variety of vascular lesions, which include facial telangiectasia, spider and reticular leg veins. The CoolGlide Vantage added non-ablative skin therapy to the range of applications offered by the system.”

Insitutional Activity: The institutional sentiment increased to 1.5 in Q2 2016. Its up 0.15, from 1.35 in 2016Q1. The ratio improved, as 5 funds sold all Cutera, Inc. shares owned while 21 reduced positions. 10 funds bought stakes while 25 increased positions. They now own 8.57 million shares or 2.67% less from 8.81 million shares in 2016Q1.
Gabelli Funds Llc owns 403,000 shares or 0.03% of their US portfolio. Blackrock has 0% invested in the company for 7,989 shares. Invesco Limited holds 0% or 10,724 shares in its portfolio. Citigroup owns 46 shares or 0% of their US portfolio. Moreover, Renaissance Tech Limited Liability Company has 0.02% invested in Cutera, Inc. (NASDAQ:CUTR) for 1.03M shares. Blackrock Investment Mgmt Ltd holds 0% of its portfolio in Cutera, Inc. (NASDAQ:CUTR) for 52,138 shares. The New York-based Millennium Management Limited Liability Company has invested 0% in Cutera, Inc. (NASDAQ:CUTR). Blackrock Fund last reported 0% of its portfolio in the stock. Comml Bank Of America De accumulated 111,891 shares or 0% of the stock. Dalton Greiner Hartman Maher And, a New York-based fund reported 227,992 shares. Springbok Ltd Llc holds 7,500 shares or 0.01% of its portfolio. Manufacturers Life Insur The reported 6,934 shares or 0% of all its holdings. Tiaa Cref Inv Ltd Limited Liability Company accumulated 0% or 54,142 shares. Goldman Sachs Gp last reported 33,729 shares in the company. The British Columbia – Canada-based Connor Clark And Lunn Investment Mgmt Ltd has invested 0% in Cutera, Inc. (NASDAQ:CUTR).

Insider Transactions: Since May 31, 2016, the stock had 0 insider purchases, and 4 insider sales for $1.48 million net activity. CONNORS KEVIN P had sold 21,606 shares worth $222,235. 11,092 Cutera, Inc. (NASDAQ:CUTR) shares with value of $154,068 were sold by SANTILLI RONALD J.

More news for Cutera, Inc. (NASDAQ:CUTR) were recently published by: Seekingalpha.com, which released: “Cutera Still Looks Cheap – But Still Has Questions” on September 08, 2016. Globenewswire.com‘s article titled: “Cutera Announces Preliminary Record Third Quarter 2016 Revenue” and published on October 11, 2016 is yet another important article.

CUTR Company Profile

Cutera, Inc., incorporated on August 10, 1998, is a medical device company. The Firm is engaged in the design, development, manufacture, marketing and servicing of laser and other energy aesthetics systems for practitioners across the world. The Firm offers products based on product platforms, such as enlighten, excel HR, truSculpt, excel V and xeo, each of which enables physicians and other practitioners to perform aesthetic procedures for customers. Each of its laser and other energy platforms consists of one or more hand pieces and a console that incorporates a universal graphical user interface, a laser or other energy module, control system software and high voltage electronics.

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