Market Runner: Could Zeltiq Aesthetics Inc Recover After Today’s Big Decline?

Market Runner: Could Zeltiq Aesthetics Inc Recover After Today's Big Decline?

The stock of Zeltiq Aesthetics Inc (NASDAQ:ZLTQ) is a huge mover today! About 1.13M shares traded hands or 91.28% up from the average. Zeltiq Aesthetics Inc (NASDAQ:ZLTQ) has risen 22.93% since April 6, 2016 and is uptrending. It has outperformed by 20.97% the S&P500.
The move comes after 6 months negative chart setup for the $1.47B company. It was reported on Nov, 8 by Barchart.com. We have $32.52 PT which if reached, will make NASDAQ:ZLTQ worth $102.90 million less.

Zeltiq Aesthetics Inc (NASDAQ:ZLTQ) Ratings Coverage

Out of 7 analysts covering Zeltiq Aesthetics (NASDAQ:ZLTQ), 6 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 86% are positive. Zeltiq Aesthetics has been the topic of 12 analyst reports since August 3, 2015 according to StockzIntelligence Inc. Griffin Securities upgraded the stock to “Buy” rating in Friday, January 22 report. The firm has “Buy” rating given on Wednesday, October 28 by Maxim Group. On Wednesday, April 13 the stock rating was initiated by Brean Capital with “Buy”. The stock of Zeltiq Aesthetics Inc (NASDAQ:ZLTQ) has “Buy” rating given on Tuesday, September 1 by Piper Jaffray. Stifel Nicolaus maintained it with “Buy” rating and $52 target price in Wednesday, September 21 report. As per Wednesday, August 26, the company rating was maintained by William Blair. On Wednesday, October 28 the stock rating was maintained by Leerink Swann with “Outperform”. JP Morgan maintained Zeltiq Aesthetics Inc (NASDAQ:ZLTQ) rating on Tuesday, August 9. JP Morgan has “Neutral” rating and $35 price target.

According to Zacks Investment Research, “Zeltiq Aesthetics Inc. is a medical technology company engaged in designing, development and commercialization of non-invasive procedures for the reduction of unwanted fat tissue. The Company offers CoolSculpting System and other products to the dermatologists, plastic surgeons, and aesthetic specialists in North America and internationally. Zeltiq Aesthetics Inc. is based in Pleasanton, California.”

Insitutional Activity: The institutional sentiment increased to 1.36 in Q2 2016. Its up 0.24, from 1.12 in 2016Q1. The ratio is positive, as 28 funds sold all Zeltiq Aesthetics Inc shares owned while 42 reduced positions. 25 funds bought stakes while 70 increased positions. They now own 43.91 million shares or 2.50% more from 42.84 million shares in 2016Q1.
State Board Of Administration Of Florida Retirement Systems owns 22,729 shares or 0% of their US portfolio. Trexquant Lp last reported 0.05% of its portfolio in the stock. Morgan Stanley has 0% invested in the company for 137,821 shares. State Street owns 679,450 shares or 0% of their US portfolio. Arizona State Retirement System, a Arizona-based fund reported 16,800 shares. Blackrock Advsr Lc last reported 16,633 shares in the company. Moreover, Mycio Wealth Prtn Ltd Liability Com has 0% invested in Zeltiq Aesthetics Inc (NASDAQ:ZLTQ) for 52 shares. Teachers Advsrs accumulated 56,367 shares or 0% of the stock. State Of Tennessee Treasury Department has invested 0% of its portfolio in Zeltiq Aesthetics Inc (NASDAQ:ZLTQ). Putnam Invests Limited Liability Co accumulated 130,857 shares or 0.01% of the stock. Pacad Inv Limited accumulated 2,300 shares or 0.01% of the stock. Clearbridge Ltd Llc has 400 shares for 0% of their US portfolio. Calamos Wealth Limited Liability Corporation accumulated 0.04% or 7,318 shares. Voya Inv Management Limited Liability Corporation owns 15,034 shares or 0% of their US portfolio. Wealthtrust reported 303 shares or 0% of all its holdings.

Insider Transactions: Since July 11, 2016, the stock had 0 buys, and 18 insider sales for $26.78 million net activity. Another trade for 8,000 shares valued at $264,058 was made by Sullivan Keith J on Friday, November 4. Another trade for 17,500 shares valued at $662,500 was made by OBOYLE KEVIN C on Tuesday, August 9. 10,000 shares with value of $312,136 were sold by Foley Mark J on Wednesday, July 13. Another trade for 3,000 shares valued at $90,075 was sold by Hauser Bradley. 500,000 shares were sold by SCHIFF ANDREW N, worth $18.20M. Lamm Carl sold $125,000 worth of Zeltiq Aesthetics Inc (NASDAQ:ZLTQ) on Thursday, September 15. On Monday, October 17 the insider Garcia Sergio sold $781,548.

ZLTQ Company Profile

ZELTIQ Aesthetics, Inc., incorporated on March 22, 2005, is a medical technology company. The Firm focuses on developing and commercializing products utilizing its controlled-cooling technology platform. The Company’s product, the CoolSculpting System, is designed to reduce stubborn fat bulges. The Firm sell its CoolSculpting system primarily to dermatologists, plastic surgeons, aesthetic specialists and obstetrics and gynecology (OBGYN) physicians. It also offers consumables, which are CoolSculpting procedure packs that are needed to perform procedures using its CoolSculpting system.

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