Cutera, Inc. (CUTR) Sees 52-Week High

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The company is so far trading up since yesterday’s close of $33.95. It is trading at $35.15 impressively higher than $28.55, the 50 day moving average and quite a bit higher than the 200 day moving average of $23.13. The 50 day moving average was up by +22.68% and the 200 day average was up $11.90.

There has been some selling insider activity on Cutera, Inc. (NASDAQ:CUTR) recently. Ronald J. Santilli, Outgoing EVP and CFO disclosed the sale of 28,519 shares of (CUTR). The shares were sold on August 17th for a price of $34.01. Santilli now owns $1,997,543 of the stock according to the SEC filing. EVP, North America Sales Larry Laber let go of 1,000 shares at a price of $25.88 on Wed the 28th. That brings the EVP, North America Sales’s holdings to $1,878,888 per an SEC filing yesterday.

Director David A. Gollnick disclosed the sale of 10,000 shares. The shares were purchased at an average price of $25.08. The Director now owns $668,156 of the stock per the Form 4 SEC filing.

Cutera, Inc., launched on August 10, 1998, is a medical device company. The Company is involved 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. Each of its laser and other energy-based platforms consists of one or more hand pieces and a console that incorporates a universal graphical user interface, a laser or other energy-based module, control system software and high voltage electronics..

These funds have also shifted positions in (CUTR). Arrowstreet Capital, Limited Partnership added to its investment by buying 3,900 shares an increase of 9.5% in the quarter. Arrowstreet Capital, Limited Partnership controls 44,842 shares worth $1,161,000. The total value of its holdings increased 37.1%. As of the end of the quarter Susquehanna International Group, Llp had sold a total of 3,446 shares trimming its position 15.8%. The value of the investment in Cutera, Inc. went from $380,000 to $477,000 increasing 25.5% quarter over quarter.

Manufacturers Life Insurance Company, The trimmed its stake by selling 4,134 shares a decrease of 80.1% from 03/31/2017 to 06/30/2017. Manufacturers Life Insurance Company, The now holds 1,027 shares valued at $27,000. The value of the position overall is down by 74.8%. As of quarter end Renaissance Technologies LLC had acquired 9,100 shares growing its holdings by 0.8%. The value of the total investment in Cutera, Inc. increased from $24,952,000 to $31,456,000 a change of 26.1% since the last quarter.

On June 26, 2017 Roth Capital started covering CUTR with an initial rating of “Buy”.

The company currently has a P/E ratio of 75.33 and market capitalization is 490.60M. As of the latest earnings report the EPS was $0.47 and is projected to be $0.52 for the current year with 14,005,000 shares now outstanding. Analysts expect next quarter’s EPS to be $0.35 and the next full year EPS is anticipated to be $0.77.