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S&P 500   3,841.94
DOW   31,496.30
QQQ   308.68
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S&P 500   3,841.94
DOW   31,496.30
QQQ   308.68
pixel
pixel
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S&P 500   3,841.94
DOW   31,496.30
QQQ   308.68
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Neuronetics (STIM) Scheduled to Post Quarterly Earnings on Tuesday

Tuesday, February 23, 2021 | MarketBeat

Neuronetics (NASDAQ:STIM) will issue its quarterly earnings data before the market opens on Tuesday, March 2nd. Analysts expect the company to announce earnings of ($0.25) per share for the quarter. Parties that are interested in registering for the company's conference call can do so using this link.

Neuronetics stock opened at $17.75 on Tuesday. Neuronetics has a one year low of $1.25 and a one year high of $22.43. The business has a fifty day moving average of $16.36 and a two-hundred day moving average of $8.97. The company has a market cap of $336.81 million, a P/E ratio of -10.57 and a beta of 3.05.

Several research firms have recently issued reports on STIM. BTIG Research lifted their price target on Neuronetics from $14.00 to $21.00 and gave the stock a "buy" rating in a research note on Thursday, January 21st. JMP Securities lifted their price target on Neuronetics from $15.00 to $23.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 27th. William Blair raised Neuronetics from a "market perform" rating to an "outperform" rating in a research note on Friday, January 22nd. Zacks Investment Research raised Neuronetics from a "sell" rating to a "hold" rating in a research note on Tuesday, January 26th. Finally, Piper Sandler lifted their price target on Neuronetics from $20.00 to $27.00 and gave the stock an "overweight" rating in a research note on Thursday, January 21st. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. Neuronetics currently has a consensus rating of "Buy" and a consensus price target of $16.40.

In other Neuronetics news, CFO Stephen Furlong sold 7,585 shares of Neuronetics stock in a transaction dated Thursday, January 21st. The stock was sold at an average price of $18.21, for a total value of $138,122.85. Following the completion of the sale, the chief financial officer now owns 261,316 shares in the company, valued at approximately $4,758,564.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Keith J. Sullivan sold 22,829 shares of Neuronetics stock in a transaction dated Tuesday, January 26th. The shares were sold at an average price of $18.83, for a total value of $429,870.07. Following the completion of the sale, the chief executive officer now owns 602,171 shares of the company's stock, valued at approximately $11,338,879.93. The disclosure for this sale can be found here. In the last quarter, insiders have sold 33,383 shares of company stock valued at $622,058. 6.00% of the stock is currently owned by company insiders.

Neuronetics Company Profile

Neuronetics, Inc, a commercial stage medical technology company, designs, develops, and markets products for patients with psychiatric disorders in the United States and internationally. The company offers NeuroStar Advanced Therapy System, a non-invasive and non-systemic office-based treatment to treat adult patients with major depressive disorder.

See Also: What is the significance of the death cross?

Earnings History for Neuronetics (NASDAQ:STIM)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]


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