Heartflow, Inc. (HTFL) - What Are Brokerages Thinking About This Stock?

Key Points

• Analysts are moderately bullish on Heartflow: Twelve brokerages give the stock a consensus “Moderate Buy” rating, with eight buys, one strong buy, two holds, and one sell. The average 12-month price target is $48.62.
• Heartflow reported strong revenue growth but remains unprofitable: Quarterly revenue rose 47.7% year over year to $64.08 million, while adjusted earnings of a $0.07 loss per share beat estimates. The company posted a negative net margin of 55.82%.
• Insiders have recently reduced their holdings: Company insiders sold 328,038 shares worth approximately $15.5 million over the past 90 days, while insiders retain a 7.70% ownership stake.

Shares of Heartflow, Inc. (NASDAQ:HTFL - Get Free Report) have earned a consensus rating of "Moderate Buy" from the twelve brokerages that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation, eight have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $48.62.

HTFL has been the subject of several analyst reports. Wall Street Zen upgraded Heartflow from a "hold" rating to a "buy" rating in a research report on Sunday, October 25th. JPMorgan Chase & Co. upped their price target on Heartflow from $35.00 to $45.00 and gave the company an "overweight" rating in a research report on Friday, August 14th. Morgan Stanley increased their price objective on Heartflow from $35.00 to $40.00 and gave the stock an "equal weight" rating in a research note on Friday, August 14th. Benchmark reissued a "buy" rating on shares of Heartflow in a report on Friday, August 14th. Finally, UBS Group initiated coverage on shares of Heartflow in a research note on Wednesday, September 9th. They issued a "neutral" rating and a $55.00 target price on the stock.

Insider Activity at Heartflow

In other Heartflow news, CEO John Farquhar sold 38,900 shares of the business's stock in a transaction dated Monday, October 12th. The shares were sold at an average price of $49.57, for a total value of $1,928,273.00. Following the transaction, the chief executive officer directly owned 283,014 shares in the company, valued at $14,029,003.98. The trade was a 12.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Campbell Rogers sold 23,933 shares of the company's stock in a transaction dated Thursday, October 22nd. The stock was sold at an average price of $55.01, for a total transaction of $1,316,554.33. Following the sale, the insider directly owned 73,453 shares in the company, valued at $4,040,649.53. This represents a 24.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 328,038 shares of company stock valued at $15,490,354 in the last ninety days. Insiders own 7.70% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. GAMMA Investing LLC increased its position in Heartflow by 75.1% in the 3rd quarter. GAMMA Investing LLC now owns 641 shares of the company's stock valued at $32,000 after acquiring an additional 275 shares in the last quarter. IFP Advisors Inc lifted its position in shares of Heartflow by 844.7% during the third quarter. IFP Advisors Inc now owns 803 shares of the company's stock worth $40,000 after purchasing an additional 718 shares in the last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of Heartflow during the second quarter valued at approximately $53,000. Essential Partners LLC acquired a new stake in shares of Heartflow in the first quarter valued at approximately $57,000. Finally, Sterling Capital Management LLC increased its holdings in shares of Heartflow by 797.9% in the third quarter. Sterling Capital Management LLC now owns 2,532 shares of the company's stock valued at $126,000 after purchasing an additional 2,250 shares in the last quarter.

Heartflow Price Performance

HTFL opened at $59.05 on Friday. Heartflow has a fifty-two week low of $20.13 and a fifty-two week high of $60.56. The firm's fifty day moving average price is $50.82 and its two-hundred day moving average price is $34.16. The company has a market capitalization of $5.13 billion, a P/E ratio of -32.27 and a beta of 2.73.

Heartflow (NASDAQ:HTFL - Get Free Report) last issued its earnings results on Thursday, August 13th. The company reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.22) by $0.15. Heartflow had a negative net margin of 55.82% and a negative return on equity of 23.52%. The business had revenue of $64.08 million for the quarter. The company's quarterly revenue was up 47.7% on a year-over-year basis. On average, equities research analysts expect that Heartflow will post -0.75 EPS for the current fiscal year.

Heartflow Company Profile

Heartflow, Inc is a medical technology company that develops artificial intelligence-based tools to help physicians diagnose and manage coronary artery disease. Its platform uses data from coronary computed tomography angiography (CCTA) scans to create personalized, three-dimensional models of a patient's coronary arteries and provide noninvasive assessments of blood flow and disease.

The company's products include Heartflow Analysis, which provides fractional flow reserve computed tomography (FFR-CT) evaluations to help identify potentially significant blockages, as well as tools for assessing coronary plaque and planning treatment.

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