Institutional Investors Are Crazy For Cutera Inc (NASDAQ:CUTR)

May 24, 2018 - By Nellie Frank

Cutera, Inc. (NASDAQ:CUTR) Logo

Sentiment for Cutera Inc (NASDAQ:CUTR)

Cutera Inc (NASDAQ:CUTR) institutional sentiment increased to 1.51 in 2017 Q4. Its up 0.38, from 1.13 in 2017Q3. The ratio has improved, as 92 hedge funds started new or increased equity positions, while 61 sold and trimmed stock positions in Cutera Inc. The hedge funds in our partner’s database now possess: 12.51 million shares, up from 11.40 million shares in 2017Q3. Also, the number of hedge funds holding Cutera Inc in their top 10 equity positions decreased from 2 to 1 for a decrease of 1. Sold All: 15 Reduced: 46 Increased: 44 New Position: 48.

Cutera, Inc., a medical device company, designs, develops, makes, markets, and services laser and other energy based aesthetics systems worldwide. The company has market cap of $538.63 million. The firm offers enlighten platform, a laser system that is used for tattoo removal, as well as for the treatment of benign pigmented lesions; excel HR platform, a hair removal solution for various skin types; and truSculpt, a high-powered radio frequency platform designed for deep tissue heating. It has a 19.37 P/E ratio. It also provides excel V, a vascular and benign pigmented lesion treatment platform; and xeo platform, a multi-application platform on which a customer purchases hand piece applications for the removal of unwanted hair, treatment of vascular lesions, and skin rejuvenation by treating discoloration, fine lines, and laxity.

The stock decreased 0.37% or $0.145 during the last trading session, reaching $39.505. About 59,618 shares traded. Cutera, Inc. (NASDAQ:CUTR) has risen 147.90% since May 24, 2017 and is uptrending. It has outperformed by 136.35% the S&P500.

Analysts await Cutera, Inc. (NASDAQ:CUTR) to report earnings on August, 6. They expect $0.15 earnings per share, up 15.38 % or $0.02 from last year’s $0.13 per share. CUTR’s profit will be $2.05M for 65.84 P/E if the $0.15 EPS becomes a reality. After $-0.15 actual earnings per share reported by Cutera, Inc. for the previous quarter, Wall Street now forecasts -200.00 % EPS growth.

Summit Creek Advisors Llc holds 1.58% of its portfolio in Cutera, Inc. for 185,043 shares. Teton Advisors Inc. owns 318,000 shares or 1.33% of their US portfolio. Moreover, De Burlo Group Inc has 0.76% invested in the company for 82,600 shares. The California-based Eam Investors Llc has invested 0.73% in the stock. Bogle Investment Management L P De, a Massachusetts-based fund reported 185,174 shares.

Since January 1, 0001, it had 4 buys, and 4 selling transactions for $632,978 activity.

Cutera, Inc. (NASDAQ:CUTR) Ratings Coverage

Ratings analysis reveals 50% of Cutera’s analysts are positive. Out of 2 Wall Street analysts rating Cutera, 1 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $55 while the high is $60. The stock’s average target of $57.50 is 45.55% above today’s ($39.505) share price. CUTR was included in 2 notes of analysts from March 13, 2018.

More recent Cutera, Inc. (NASDAQ:CUTR) news were published by: Globenewswire.com which released: “Cutera Reports First Quarter 2018 Financial Results” on May 08, 2018. Also Nasdaq.com published the news titled: “Mid-Day Market Update: Crude Oil Up Over 3%; Extreme Networks Shares Plummet” on May 09, 2018. Seekingalpha.com‘s news article titled: “Cutera’s Plunge Doesn’t Look Like A Buying Opportunity” with publication date: May 10, 2018 was also an interesting one.

Cutera, Inc. (NASDAQ:CUTR) Institutional Positions Chart

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