Cutera, Inc. (NASDAQ:CUTR) Director Timothy J. Oshea sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $39.21, for a total value of $156,840.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Cutera, Inc. (CUTR) traded up 2.26% during trading on Friday, hitting $38.45. The company had a trading volume of 126,391 shares. Cutera, Inc. has a 12-month low of $12.45 and a 12-month high of $44.40. The stock has a market capitalization of $538.49 million, a price-to-earnings ratio of 82.69 and a beta of 0.53. The stock has a 50-day moving average of $40.46 and a 200 day moving average of $28.85.

Cutera (NASDAQ:CUTR) last issued its earnings results on Monday, August 7th. The medical device company reported $0.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.10. The business had revenue of $36.40 million during the quarter, compared to the consensus estimate of $32.08 million. Cutera had a return on equity of 11.64% and a net margin of 5.07%. The firm’s revenue for the quarter was up 32.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.07 earnings per share. On average, analysts predict that Cutera, Inc. will post $0.52 EPS for the current fiscal year.

Cutera announced that its Board of Directors has authorized a share buyback program on Monday, August 7th that allows the company to repurchase $25.00 million in shares. This repurchase authorization allows the medical device company to repurchase up to 6.8% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

TRADEMARK VIOLATION WARNING: This piece of content was posted by TheOlympiaReport and is the property of of TheOlympiaReport. If you are accessing this piece of content on another publication, it was stolen and republished in violation of US & international copyright & trademark legislation. The correct version of this piece of content can be viewed at

A number of hedge funds have recently modified their holdings of CUTR. American International Group Inc. increased its holdings in Cutera by 7.0% in the first quarter. American International Group Inc. now owns 7,221 shares of the medical device company’s stock worth $149,000 after purchasing an additional 475 shares in the last quarter. Nationwide Fund Advisors grew its stake in Cutera by 8.4% in the second quarter. Nationwide Fund Advisors now owns 7,216 shares of the medical device company’s stock valued at $187,000 after acquiring an additional 561 shares during the period. Metropolitan Life Insurance Co. NY acquired a new stake in Cutera in the first quarter valued at approximately $202,000. Cubist Systematic Strategies LLC acquired a new stake in Cutera in the second quarter valued at approximately $225,000. Finally, PNC Financial Services Group Inc. acquired a new stake in Cutera in the second quarter valued at approximately $241,000. Institutional investors and hedge funds own 89.15% of the company’s stock.

Several equities analysts recently issued reports on CUTR shares. Roth Capital boosted their price objective on Cutera from $41.00 to $47.00 and gave the company a “buy” rating in a research report on Tuesday, September 12th. BidaskClub lowered Cutera from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 19th. Gabelli reiterated a “buy” rating on shares of Cutera in a research report on Wednesday, August 9th. Maxim Group reiterated a “buy” rating and issued a $33.00 price objective (up from $27.00) on shares of Cutera in a research report on Thursday, July 13th. Finally, TheStreet upgraded Cutera from a “c” rating to a “b” rating in a research report on Friday, August 18th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Cutera currently has a consensus rating of “Buy” and an average price target of $37.33.

Cutera Company Profile

Cutera, Inc is a medical device company. The Company is engaged in the design, development, manufacture, marketing and servicing of laser and other energy-based aesthetics systems for practitioners across the world. The Company offers products based on product platforms, such as enlighten, excel HR, truSculpt, excel V and xeo, each of which enables physicians and other practitioners to perform aesthetic procedures for customers.

Insider Buying and Selling by Quarter for Cutera (NASDAQ:CUTR)

Receive News & Ratings for Cutera Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cutera Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.