The stock of Zeltiq Aesthetics Inc (NASDAQ:ZLTQ) is a huge mover today! About 2.16 million shares traded hands or 230.84% up from the average. Zeltiq Aesthetics Inc (NASDAQ:ZLTQ) has risen 19.94% since April 8, 2016 and is uptrending. It has outperformed by 14.30% the S&P500.
The move comes after 9 months positive chart setup for the $1.54 billion company. It was reported on Nov, 10 by Barchart.com. We have $50.27 PT which if reached, will make NASDAQ:ZLTQ worth $415.80 million more.
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 13 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Tuesday, September 1 by Piper Jaffray. Canaccord Genuity maintained the stock with “Buy” rating in Thursday, November 10 report. The rating was maintained by Maxim Group on Wednesday, October 28 with “Buy”. The rating was maintained by Leerink Swann with “Outperform” on Wednesday, October 28. The firm has “Outperform” rating by William Blair given on Wednesday, August 26. On Wednesday, September 21 the stock rating was maintained by Stifel Nicolaus with “Buy”. The rating was initiated by Brean Capital on Wednesday, April 13 with “Buy”. The company was maintained on Tuesday, August 9 by JP Morgan. The stock of Zeltiq Aesthetics Inc (NASDAQ:ZLTQ) has “Buy” rating given on Friday, January 22 by Griffin Securities.
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 increased, 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.
St Johns Investment Mngmt Co Lc has invested 0% of its portfolio in Zeltiq Aesthetics Inc (NASDAQ:ZLTQ). Texas Permanent School Fund owns 24,738 shares or 0.01% of their US portfolio. Amer International Group Incorporated owns 25,863 shares or 0% of their US portfolio. Teachers Retirement Of The State Of Kentucky holds 0.01% of its portfolio in Zeltiq Aesthetics Inc (NASDAQ:ZLTQ) for 14,400 shares. Royal State Bank Of Canada last reported 2,634 shares in the company. Parkside Savings Bank & accumulated 120 shares or 0% of the stock. The Louisiana-based Louisiana State Employees Retirement System has invested 0.02% in Zeltiq Aesthetics Inc (NASDAQ:ZLTQ). Moreover, Palo Alto Invsts Limited Liability Company has 2.87% invested in Zeltiq Aesthetics Inc (NASDAQ:ZLTQ) for 1.39 million shares. Swiss Commercial Bank has 59,800 shares for 0% of their US portfolio. Geode Capital Mgmt Ltd Liability Com has invested 0% of its portfolio in Zeltiq Aesthetics Inc (NASDAQ:ZLTQ). Arcadia Investment Mgmt Corporation Mi holds 1,203 shares or 0.01% of its portfolio. Price T Rowe Assoc Incorporated Md has 223,359 shares for 0% of their US portfolio. Putnam Invests holds 0.01% of its portfolio in Zeltiq Aesthetics Inc (NASDAQ:ZLTQ) for 130,857 shares. Moreover, Fuller & Thaler Asset has 0.2% invested in Zeltiq Aesthetics Inc (NASDAQ:ZLTQ) for 421,597 shares. Ladenburg Thalmann holds 0% or 1,228 shares in its portfolio.
Insider Transactions: Since July 11, 2016, the stock had 0 insider purchases, and 18 selling transactions for $26.78 million net activity. On Thursday, August 4 Sullivan Keith J sold $274,996 worth of the stock or 8,000 shares. Hauser Bradley had sold 3,000 shares worth $90,075. 10,000 shares were sold by Foley Mark J, worth $405,465. SCHIFF ANDREW N had sold 500,000 shares worth $18.20 million. 17,500 Zeltiq Aesthetics Inc (NASDAQ:ZLTQ) shares with value of $662,500 were sold by OBOYLE KEVIN C. 3,125 shares were sold by Lamm Carl, worth $125,000. 20,000 shares with value of $781,548 were sold by Garcia Sergio on Monday, October 17.
Another recent and important Zeltiq Aesthetics Inc (NASDAQ:ZLTQ) news was published by Nasdaq.com which published an article titled: “Earnings Reaction History: ZELTIQ Aesthetics, Inc., 40.0% Follow-Through …” on November 09, 2016.
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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