Neuronetics (STIM) Gets a Hold Rating from BTIG

In a report released today, Marie Thibault from BTIG reiterated a Hold rating on Neuronetics (STIMResearch Report). The company’s shares closed last Monday at $3.64, close to its 52-week low of $1.98.

According to, Thibault is a 4-star analyst with an average return of 6.5% and a 31.5% success rate. Thibault covers the Healthcare sector, focusing on stocks such as Establishment Labs Holdings, Edwards Lifesciences, and Irhythm Technologies.

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

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Based on Neuronetics’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $14.18 million and GAAP net loss of $10.84 million. In comparison, last year the company earned revenue of $12.29 million and had a GAAP net loss of $7.88 million.

Based on the recent corporate insider activity of 39 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.

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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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