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Neuronetics (STIM) Gets a Buy Rating from JMP Securities

In a report released today, David Turkaly from JMP Securities reiterated a Buy rating on Neuronetics (STIMResearch Report), with a price target of $12.00. The company’s shares closed last Tuesday at $4.25.

According to TipRanks.com, Turkaly is a 4-star analyst with an average return of 4.0% and a 46.6% success rate. Turkaly covers the Healthcare sector, focusing on stocks such as Zimmer Biomet Holdings, Integra Lifesciences, and OrthoPediatrics.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Neuronetics with a $12.00 average price target.

See today’s best-performing stocks on TipRanks >>

The company has a one-year high of $13.75 and a one-year low of $1.98. Currently, Neuronetics has an average volume of 763.4K.

Based on the recent corporate insider activity of 40 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 STIM 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.

Neuronetics, Inc. commercial stage medical technology company. It focuses on designing, developing and marketing products for the patients suffering from psychiatric disorders. The firm offers NeuroStar TMS, a therapy system for the treatment of major depressive disorders in adult patients. It also provides a range of support services, including patient education, practice data management system, and customer and technical services to help the client start and manage TMS therapy systems. The company was founded by Steven B. Waite, Bruce J. Shook, Norman R. Weldon and Thomas D. Weldon in April 2003 and is headquartered in Malvern, PA.

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