Cardiovascular Systems - CSII Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cardiovascular Systems in the last year. There are currently 1 sell rating, 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" CSII shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CSII, but not buy additional shares or sell existing shares.
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5 Wall Street analysts have issued 1-year price targets for Cardiovascular Systems' shares. Their CSII share price forecasts range from $20.00 to $49.00. On average, they expect the company's share price to reach $36.33 in the next year. This suggests a possible upside of 122.6% from the stock's current price.
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Cardiovascular Systems' stock was trading at $18.78 at the beginning of 2022. Since then, CSII shares have decreased by 13.1% and is now trading at $16.32.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 8th 2022.
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Cardiovascular Systems, Inc. (NASDAQ:CSII) posted its quarterly earnings results on Monday, November, 8th. The medical device company reported ($0.22) EPS for the quarter, missing analysts' consensus estimates of ($0.10) by $0.12. The medical device company had revenue of $58.40 million for the quarter, compared to analysts' expectations of $63.72 million. Cardiovascular Systems had a negative net margin of 15.64% and a negative trailing twelve-month return on equity of 14.40%. The business's quarterly revenue was down 3.5% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.05) EPS.

Cardiovascular Systems updated its FY 2023 earnings guidance on Wednesday, August, 10th. The company provided EPS guidance of for the period. The company issued revenue guidance of $255.00 million-$265.00 million, compared to the consensus revenue estimate of $236.73 million.

12 employees have rated Cardiovascular Systems Chief Executive Officer Scott Ward on Glassdoor.com. Scott Ward has an approval rating of 81% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Cardiovascular Systems investors own include Gilead Sciences (GILD), AbbVie (ABBV), Advanced Micro Devices (AMD), Medtronic (MDT), Pfizer (PFE), Xcel Energy (XEL), ACADIA Pharmaceuticals (ACAD), Johnson & Johnson (JNJ), Merck & Co., Inc. (MRK) and Procter & Gamble (PG).

Cardiovascular Systems trades on the NASDAQ under the ticker symbol "CSII."

Cardiovascular Systems' stock is owned by a number of institutional and retail investors. Top institutional investors include Assenagon Asset Management S.A. (2.11%), Walleye Capital LLC (0.25%), Allspring Global Investments Holdings LLC (0.19%), SG Americas Securities LLC (0.13%), Russell Investments Group Ltd. (0.12%) and M&T Bank Corp (0.10%). Insiders that own company stock include Alexander Rosenstein, Erik Paulsen, Jeffrey S Points, Martha Goldberg Aronson, Rhonda J Robb, Sandra Sedo and Scott R Ward.
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Shares of CSII stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CSII stock can currently be purchased for approximately $16.32.

Cardiovascular Systems (NASDAQ:CSII) has a market capitalization of $665.61 million and generates $236.22 million in revenue each year. The medical device company earns $-36,930,000.00 in net income (profit) each year or ($0.95) on an earnings per share basis.

The company employs 780 workers across the globe.

Cardiovascular Systems was founded in 1989.

Cardiovascular Systems' mailing address is 1225 OLD HWY 8 NW, ST. PAUL MN, 55112. The official website for the company is www.csi360.com. The medical device company can be reached via phone at (651) 259-1600, via email at j.nielsen@csi360.com, or via fax at 612-677-3355.