About ConforMIS (NASDAQ:CFMS)
ConforMIS, Inc. is a medical technology company. The Company uses its iFit Image-to-Implant technology platform to develop, manufacture and sell joint replacement implants, which are individually sized and shaped, to fit each patient's anatomy. The Company's iFit technology platform is applicable to various joints. It offers a line of customized knee implants designed to restore the natural shape of a patient's knee. It offers iTotal CR, which is a total knee replacement implant. Its iFit technology platform consists of three elements, including iFit Design, its algorithms and computer software that is used to design customized implants and associated single-use patient-specific instrumentation referred to as iJigs, based on computed tomography scans of the patient and to prepare a surgical plan customized for the patient (iView); iFit Printing, which is a three-dimensional printing technology used to manufacture iJigs, and iFit Just-in-Time manufacturing and delivery capabilities.
Industry, Sector and Symbol
Industry Surgical appliances & supplies
Sub-IndustryN/A
SectorMedical
SymbolNASDAQ:CFMS
CUSIPN/A
Phone781-345-9001
Debt
Debt-to-Equity Ratio0.64%
Current Ratio5.41%
Quick Ratio4.70%
Price-To-Earnings
Trailing P/E Ratio-1.36
Forward P/E Ratio-1.97
P/E GrowthN/A
Sales & Book Value
Annual Sales$78.11 million
Price / Sales1.32
Cash FlowN/A
Price / CashN/A
Book Value$1.02 per share
Price / Book1.66
Profitability
EPS (Most Recent Fiscal Year)($1.24)
Net Income$-53,580,000.00
Net Margins-68.59%
Return on Equity-85.24%
Return on Assets-50.08%
Miscellaneous
Employees350
Outstanding Shares60,840,000
ConforMIS (NASDAQ:CFMS) Frequently Asked Questions
What is ConforMIS's stock symbol?
ConforMIS trades on the NASDAQ under the ticker symbol "CFMS."
How were ConforMIS's earnings last quarter?
ConforMIS (NASDAQ:CFMS) issued its earnings results on Wednesday, February, 7th. The medical instruments supplier reported ($0.27) EPS for the quarter, beating the Thomson Reuters' consensus estimate of ($0.30) by $0.03. The medical instruments supplier had revenue of $20.80 million for the quarter, compared to the consensus estimate of $20.07 million. ConforMIS had a negative net margin of 68.59% and a negative return on equity of 85.24%. The firm's revenue for the quarter was down 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.37) EPS. View ConforMIS's Earnings History.
When is ConforMIS's next earnings date?
What price target have analysts set for CFMS?
7 analysts have issued 12 month price targets for ConforMIS's shares. Their forecasts range from $4.00 to $7.50. On average, they expect ConforMIS's stock price to reach $4.75 in the next year. View Analyst Ratings for ConforMIS.
What are Wall Street analysts saying about ConforMIS stock?
Here are some recent quotes from research analysts about ConforMIS stock:
- 1. According to Zacks Investment Research, "ConforMIS, Inc. is a medical technology company which develops, manufacture and sells joint replacement implants. The Company's iFit technology platform consists of iFit Design, iFit Printing and iFit Just-in-Time Delivery. It operates primarily in the United States, Germany and the United Kingdom. The Company serves orthopedic surgeons, hospitals and other medical facilities and patients. ConforMIS, Inc. is based in Bedford, United States. " (4/18/2018)
- 2. Canaccord Genuity analysts commented, "We recently had the opportunity to host a fireside chat with ConforMIS management as well as visit the company’s booth at AAOS. Overall, we came away incrementally positive on the opportunities ahead of ConforMIS and continue to think commercial momentum through the H1/18 could represent an inflection point in the business. Specifically, we think the commercial changes implemented mid-2017, including new leadership, sales rep hiring, and the build-out of a corporate accounts team position the company with the opportunity for increased productivity into the H2/18. From our recent meetings with management, we highlight additional clinical data that bolsters the company’s implant technology and a strong product pipeline that should support market momentum over the next several years." (3/12/2018)
Who are some of ConforMIS's key competitors?
Some companies that are related to ConforMIS include POXEL (PXXLF), Miragen Therapeutics (MGEN), Ampio Pharmaceuticals (AMPE), Nuvectra (NVTR), Xoma (XOMA), Veracyte (VCYT), Foamix Pharmaceuticals (FOMX), Summit Therapeutics (SMMT), Nabriva Therapeutics (NBRV), Zafgen (ZFGN), Teligent (TLGT), Protagonist Therapeutics (PTGX), Spero Therapeutics (SPRO), Kamada (KMDA), Immune Design (IMDZ), Spring Bank Pharmaceuticals (SBPH), Proteostasis Therapeutics (PTI) and Immupharma (IMM).
Who are ConforMIS's key executives?
ConforMIS's management team includes the folowing people:
- Kenneth Fallon III, Independent Chairman of the Board (Age 77)
- Mark A. Augusti, President, Chief Executive Officer, Director (Age 51)
- Paul S. Weiner, Chief Financial Officer (Age 53)
- Dan Krupp, Senior Vice President - U.S. Sales
- Daniel Steines M.D., Chief Technology Officer (Age 48)
- David Cerveny, Chief Legal Officer and General Counsel (Age 50)
- Philipp Lang M.D., Director (Age 54)
- Bradley R. Langdale, Independent Director (Age 52)
- Colm C. Lanigan, Independent Director (Age 51)
- Richard J. Meelia, Independent Director (Age 68)
When did ConforMIS IPO?
(CFMS) raised $135 million in an initial public offering on Wednesday, July 1st 2015. The company issued 9,000,000 shares at a price of $14.00-$16.00 per share. J.P. Morgan and Deutsche Bank Securities acted as the underwriters for the IPO and Wells Fargo Securities and Canaccord Genuity were co-managers.
Has ConforMIS been receiving favorable news coverage?
Media stories about CFMS stock have trended somewhat positive on Friday, according to Accern Sentiment. Accern identifies negative and positive news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. ConforMIS earned a coverage optimism score of 0.09 on Accern's scale. They also assigned media coverage about the medical instruments supplier an impact score of 45.89 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company's share price in the immediate future.
How do I buy shares of ConforMIS?
Shares of CFMS can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is ConforMIS's stock price today?
One share of CFMS stock can currently be purchased for approximately $1.69.
How big of a company is ConforMIS?
ConforMIS has a market capitalization of $99.78 million and generates $78.11 million in revenue each year. The medical instruments supplier earns $-53,580,000.00 in net income (profit) each year or ($1.24) on an earnings per share basis. ConforMIS employs 350 workers across the globe.
How can I contact ConforMIS?
ConforMIS's mailing address is 600 TECHNOLOGY PARK DRIVE, BILLERICA MA, 01821. The medical instruments supplier can be reached via phone at 781-345-9001 or via email at [email protected]
MarketBeat Community Rating for ConforMIS (CFMS)
MarketBeat's community ratings are surveys of what our community members think about ConforMIS and other stocks. Vote "Outperform" if you believe CFMS will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CFMS will underperform the S&P 500 over the long term. You may vote once every thirty days.
ConforMIS (NASDAQ:CFMS) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
7 Wall Street analysts have issued ratings and price targets for ConforMIS in the last 12 months. Their average twelve-month price target is $4.75, suggesting that the stock has a possible upside of 181.07%. The high price target for CFMS is $7.50 and the low price target for CFMS is $4.00. There are currently 1 sell rating, 1 hold rating and 5 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Hold | Hold | Hold |
| Consensus Rating Score: | 2.57 | 2.43 | 2.33 | 2.33 |
| Ratings Breakdown: | 1 Sell Rating(s)
1 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
2 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
2 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
4 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $4.75 | $4.75 | $5.70 | $7.10 |
| Price Target Upside: | 181.07% upside | 227.59% upside | 120.08% upside | 89.33% upside |
ConforMIS (NASDAQ:CFMS) Consensus Price Target History
ConforMIS (NASDAQ:CFMS) Analyst Ratings History
Show:
(Data available from 4/20/2016 forward)
ConforMIS (NASDAQ:CFMS) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
(Data available from 1/1/2013 forward)
ConforMIS (NASDAQ CFMS) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 7.59%
Institutional Ownership Percentage: 22.98%
ConforMIS (NASDAQ CFMS) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 2/6/2018 | Daniel Steines | Insider | Sell | 3,632 | $1.30 | $4,721.60 | 142,963 |  |
| 2/6/2018 | Paul S Weiner | CFO | Sell | 2,674 | $1.30 | $3,476.20 | 157,009 | |
| 2/6/2018 | Philipp Lang | Director | Sell | 3,737 | $1.30 | $4,858.10 | 590,375 | |
| 12/19/2017 | David Cerveny | Insider | Sell | 5,478 | $2.27 | $12,435.06 | 152,073 | |
| 12/19/2017 | Mark A Augusti | CEO | Sell | 16,548 | $2.27 | $37,563.96 | 285,007 | |
| 12/19/2017 | Paul S Weiner | CFO | Sell | 7,433 | $2.27 | $16,872.91 | 167,116 | |
| 12/5/2017 | Mark A Augusti | CEO | Sell | 4,189 | $2.68 | $11,226.52 | 236,163 | |
| 11/15/2017 | Daniel Steines | CTO | Sell | 15,485 | $3.15 | $48,777.75 | 254,652 | |
| 11/15/2017 | David Cerveny | Insider | Sell | 16,392 | $3.17 | $51,962.64 | 151,408 | |
| 11/15/2017 | Paul S Weiner | CFO | Sell | 17,723 | $3.17 | $56,181.91 | 162,009 | |
| 10/18/2017 | Daniel Steines | CTO | Sell | 907 | $3.51 | $3,183.57 | 254,652 | |
| 10/18/2017 | Philipp Lang | Director | Sell | 1,839 | $3.53 | $6,491.67 | 594,112 | |
| 6/20/2017 | Bradley Langdale | Director | Sell | 6,722 | $4.30 | $28,904.60 | 26,533 | |
| 4/26/2017 | Daniel Steines | Insider | Sell | 5,000 | $5.54 | $27,700.00 | 190,745 | |
| 4/5/2017 | Daniel Steines | Insider | Sell | 5,000 | $5.00 | $25,000.00 | 195,745 | |
| 2/15/2017 | Philipp Lang | Director | Sell | 137,968 | $8.60 | $1,186,524.80 | 558,759 | |
| 2/3/2017 | David Cerveny | Insider | Sell | 3,569 | $8.59 | $30,657.71 | 87,501 | |
| 2/3/2017 | Paul S Weiner | CFO | Sell | 2,676 | $8.42 | $22,531.92 | 82,115 | |
| 2/3/2017 | Philipp Lang | Director | Sell | 108,705 | $8.60 | $934,863.00 | 519,411 | |
| 1/25/2017 | Philipp Lang | Director | Sell | 108,985 | $8.60 | $937,271.00 | 558,153 | |
| 1/23/2017 | Philipp Lang | Director | Sell | 9,681 | $8.60 | $83,256.60 | 519,784 | |
| 1/13/2017 | Philipp Lang | Director | Sell | 37,275 | $8.60 | $320,565.00 | 514,769 | |
| 1/11/2017 | Philipp Lang | Director | Sell | 2,800 | $8.62 | $24,136.00 | 516,019 | |
| 1/10/2017 | Philipp Lang | Director | Sell | 83,909 | $8.64 | $724,973.76 | 516,119 | |
| 1/9/2017 | Philipp Lang | Director | Sell | 6,200 | $8.65 | $53,630.00 | 516,119 | |
| 1/5/2017 | Philipp Lang | Director | Sell | 400 | $8.60 | $3,440.00 | 514,719 | |
| 1/3/2017 | Philipp Lang | Director | Sell | 74,876 | $8.00 | $599,008.00 | 589,495 | |
| 12/30/2016 | Philipp Lang | Director | Sell | 168,734 | $8.25 | $1,392,055.50 | 547,639 | |
| 12/28/2016 | Philipp Lang | Director | Sell | 58,547 | $8.26 | $483,598.22 | 532,981 | |
| 12/27/2016 | Philipp Lang | Director | Sell | 42,086 | $8.57 | $360,677.02 | 520,939 | |
| 12/23/2016 | Philipp Lang | Director | Sell | 30,647 | $8.62 | $264,177.14 | 520,939 | |
| 10/17/2016 | Daniel Steines | Insider | Sell | 889 | $8.64 | $7,680.96 | 214,324 | |
| 10/17/2016 | Paul S Weiner | CFO | Sell | 884 | $8.60 | $7,602.40 | 84,791 | |
| 10/12/2016 | Daniel Steines | Insider | Sell | 10,000 | $9.66 | $96,600.00 | 215,213 | |
| 10/5/2016 | Philipp Lang | CEO | Sell | 53,860 | $10.19 | $548,833.40 | 483,378 | |
| 10/4/2016 | Philipp Lang | CEO | Sell | 400 | $10.00 | $4,000.00 | 483,378 | |
| 10/3/2016 | Daniel Steines | CTO | Sell | 10,000 | $10.03 | $100,300.00 | 225,213 | |
| 10/3/2016 | Philipp Lang | CEO | Sell | 10,410 | $10.03 | $104,412.30 | 483,378 | |
| 9/16/2016 | Daniel Steines | Insider | Sell | 30,000 | $9.09 | $272,700.00 | 245,213 | |
| 8/17/2016 | Kenneth P Fallon III | Director | Sell | 4,000 | $8.44 | $33,760.00 | 92,222 | |
| 5/17/2016 | Robert Law III | SVP | Buy | 1,600 | $6.20 | $9,920.00 | 24,793 | |
(Data available from 1/1/2013 forward)
ConforMIS (NASDAQ CFMS) News Headlines
| Source: |
|
| Date | Headline |
|---|
 | ConforMIS (CFMS) Downgraded to Sell at Zacks Investment Research
www.americanbankingnews.com - April 18 at 9:10 PM |
 | Conformis to Host First Quarter 2018 Financial Results Conference Call and Webcast on May 2, 2018
finance.yahoo.com - April 12 at 5:51 PM |
| $19.51 Million in Sales Expected for ConforMIS (CFMS) This Quarter
www.americanbankingnews.com - April 12 at 5:19 AM |
 | Benzinga's Top Upgrades, Downgrades For April 10, 2018
www.benzinga.com - April 10 at 5:46 PM |
 | UPDATE: Canaccord Genuity Upgrades ConforMIS (CFMS) to Buy
www.streetinsider.com - April 10 at 5:46 PM |
| ConforMIS (CFMS) Rating Increased to Buy at Canaccord Genuity
www.americanbankingnews.com - April 10 at 8:29 AM |
| -$0.26 EPS Expected for ConforMIS (CFMS) This Quarter
www.americanbankingnews.com - April 10 at 3:13 AM |
| ConforMIS Inc (CFMS) Given Average Rating of "Hold" by Brokerages
www.americanbankingnews.com - April 4 at 9:58 AM |
| ConforMIS (CFMS) Cut to Hold at Zacks Investment Research
www.americanbankingnews.com - April 3 at 8:45 PM |
| ConforMIS (CFMS) Rating Lowered to Strong Sell at ValuEngine
www.americanbankingnews.com - April 3 at 5:52 PM |
| ConforMIS (CFMS) Stock Rating Upgraded by Zacks Investment Research
www.americanbankingnews.com - April 2 at 8:40 PM |
| ConforMIS (CFMS) Given Hold Rating at BTIG Research
www.americanbankingnews.com - April 2 at 8:39 AM |
| JPMorgan Chase Downgrades ConforMIS (CFMS) to Underweight
www.americanbankingnews.com - March 31 at 11:54 AM |
| Market Trends Toward New Normal in ConforMIS, Equity Commonwealth, SendGrid, Granite Point Mortgage Trust, Stewart Information Services, and South State — Emerging Consolidated Expectations, Analyst Ratings
finance.yahoo.com - March 30 at 8:03 AM |
| ConforMIS Inc (CFMS) Expected to Post Quarterly Sales of $19.51 Million
www.americanbankingnews.com - March 26 at 7:53 AM |
| ConforMIS (CFMS) Earns "Buy" Rating from Oppenheimer
www.americanbankingnews.com - March 22 at 4:09 PM |
| ConforMIS (CFMS) Upgraded to "Buy" by Zacks Investment Research
www.americanbankingnews.com - March 20 at 8:16 PM |
| ConforMIS's (CFMS) "Hold" Rating Reiterated at Canaccord Genuity
www.americanbankingnews.com - March 12 at 9:22 PM |
 | Quotidian Technical Highlights on Selected Medical Supplies Stocks -- Baxter, ConforMIS, DENTSPLY SIRONA, and ... - PR Newswire (press release)
www.prnewswire.com - March 12 at 6:58 AM |
| ConforMIS Inc (CFMS) Given Consensus Rating of "Hold" by Analysts
www.americanbankingnews.com - March 10 at 7:36 AM |
 | Four-Year Data from the UK National Joint Registry Highlights High Survivorship in Patients Treated with the ... - GlobeNewswire (press release)
globenewswire.com - March 7 at 8:20 AM |
| Four-Year Data from the UK National Joint Registry Highlights High Survivorship in Patients Treated with the Conformis iTotal CR
finance.yahoo.com - March 7 at 8:20 AM |
| Conformis iTotal CR Knee Replacement System Awarded “3A” Rating from the Orthopaedic Data Evaluation Panel in ... - GlobeNewswire (press release)
globenewswire.com - March 1 at 8:24 AM |
| Conformis iTotal CR Knee Replacement System Awarded “3A” Rating from the Orthopaedic Data Evaluation Panel in the United Kingdom
finance.yahoo.com - March 1 at 8:24 AM |
| ConforMIS (CFMS) Coverage Initiated by Analysts at Cowen
www.americanbankingnews.com - February 21 at 10:59 AM |
| ConforMIS Inc (CFMS) Expected to Announce Quarterly Sales of $19.51 Million
www.americanbankingnews.com - February 20 at 11:44 AM |
| Zacks: Brokerages Anticipate ConforMIS Inc (CFMS) to Announce -$0.25 Earnings Per Share
www.americanbankingnews.com - February 18 at 5:08 AM |
 | Active-Investors: Blog Exposure - Becton, Dickinson's New HPV Test BD Onclarity HPV Assay Gets FDA Approval
www.finanznachrichten.de - February 15 at 5:33 PM |
| Blog Exposure - Becton, Dickinson’s New HPV Test BD Onclarity(TM) HPV Assay Gets FDA Approval
finance.yahoo.com - February 15 at 7:42 AM |
| ConforMIS Inc (CFMS) Given Consensus Recommendation of "Hold" by Brokerages
www.americanbankingnews.com - February 13 at 11:20 AM |
| Zacks Investment Research Upgrades ConforMIS (CFMS) to Hold
www.americanbankingnews.com - February 12 at 7:18 PM |
| Brokers Set Expectations for ConforMIS Inc's FY2018 Earnings (CFMS)
www.americanbankingnews.com - February 12 at 6:36 AM |
| ConforMIS Inc (CFMS) Short Interest Down 30.3% in January
www.americanbankingnews.com - February 12 at 4:32 AM |
| SunTrust Banks Brokers Increase Earnings Estimates for ConforMIS Inc (CFMS)
www.americanbankingnews.com - February 12 at 2:52 AM |
| ConforMIS Inc (CFMS) Forecasted to Post Q1 2018 Earnings of ($0.24) Per Share
www.americanbankingnews.com - February 9 at 8:52 AM |
| Oppenheimer Analysts Give ConforMIS (CFMS) a $4.00 Price Target
www.americanbankingnews.com - February 8 at 11:14 PM |
| Should ConforMIS Inc’s (NASDAQ:CFMS) Recent Earnings Worry You?
finance.yahoo.com - February 8 at 3:30 PM |
| ConforMIS Reports Fourth Quarter and the Year Ended 2017 Financial Results; Reiterates 2018 Financial Guidance
finance.yahoo.com - February 8 at 3:30 PM |
| ConforMIS (CFMS) PT Lowered to $4.00
www.americanbankingnews.com - February 8 at 1:30 PM |
| ConforMIS (CFMS) Announces Earnings Results, Beats Estimates By $0.03 EPS
www.americanbankingnews.com - February 8 at 9:56 AM |
| ConforMIS Reports Fourth Quarter and the Year Ended 2017 Financial Results; Reiterates 2018 Financial Guidance - GlobeNewswire (press release)
globenewswire.com - February 8 at 7:30 AM |
 | ConforMIS' (CFMS) CEO Mark Augusti on Q4 2017 Results - Earnings Call Transcript - Seeking Alpha
seekingalpha.com - February 8 at 7:30 AM |
| ConforMIS (CFMS) Scheduled to Post Quarterly Earnings on Tuesday
www.americanbankingnews.com - February 6 at 3:12 AM |
| ConforMIS Inc (CFMS) Prices 13.33M Shares Common Offering at $1.50/Sh - StreetInsider.com
www.streetinsider.com - January 27 at 7:31 AM |
| ConforMIS Inc (CFMS) Prices 13.33M Shares Common Offering at $1.50/Sh
www.streetinsider.com - January 26 at 3:31 PM |
 | BRIEF-Conformis Announces Pricing Of Public Offering Of Common Stock
www.reuters.com - January 25 at 3:32 PM |
| ConforMIS's stock plunges on heavy volume after stock offering prices at deep discount
finance.yahoo.com - January 25 at 3:32 PM |
| ConforMIS Announces Pricing of Public Offering of Common Stock
finance.yahoo.com - January 25 at 3:32 PM |
| ConforMIS Inc (CFMS) Announces Proposed Common Share Offering
www.streetinsider.com - January 25 at 7:36 AM |
| ConforMIS Announces Proposed Public Offering of Common Stock
finance.yahoo.com - January 25 at 7:36 AM |
ConforMIS (NASDAQ:CFMS) SEC Filings
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ConforMIS (NASDAQ:CFMS) Income Statement, Balance Sheet and Cash Flow Statement
ConforMIS (NASDAQ CFMS) Stock Chart for Friday, April, 20, 2018
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