Cutera (CUTR) Received its Third Buy in a Row

After Cantor Fitzgerald and Stephens gave Cutera (NASDAQ: CUTR) a Buy rating last month, the company received another Buy, this time from Maxim Group. Analyst Anthony Vendetti reiterated a Buy rating on Cutera yesterday and set a price target of $80.00. The company’s shares closed last Wednesday at $47.39.

According to TipRanks.com, Vendetti is a 2-star analyst with an average return of 0.4% and a 34.3% success rate. Vendetti covers the Healthcare sector, focusing on stocks such as Guardion Health Sciences, Applied DNA Sciences, and ReShape Lifesciences.

Cutera has an analyst consensus of Strong Buy, with a price target consensus of $75.60, implying a 54.2% upside from current levels. In a report issued on May 9, Stephens also maintained a Buy rating on the stock with a $78.00 price target.

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The company has a one-year high of $74.38 and a one-year low of $28.67. Currently, Cutera has an average volume of 370.7K.

Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CUTR in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Cutera, Inc. provides laser and energy-based aesthetic systems for practitioners, which engages in the design, development, manufacture, marketing and servicing of laser and other energy based aesthetics systems for practitioners. Its products include Enlighten, TruSculpt, Excel HR, Excel V, and Xeo. The company was founded by David A. Gollnick in August 1998 and is headquartered in Brisbane, CA.

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