Fintel reports that on July 27, 2023, Piper Sandler upgraded their outlook for Cutera (NASDAQ:CUTR) from Underweight to Neutral .
Analyst Price Forecast Suggests 92.32% Upside
As of July 6, 2023, the average one-year price target for Cutera is 28.56. The forecasts range from a low of 14.14 to a high of $44.10. The average price target represents an increase of 92.32% from its latest reported closing price of 14.85.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Cutera is 319MM, an increase of 28.06%. The projected annual non-GAAP EPS is -0.42.
What is the Fund Sentiment?
There are 342 funds or institutions reporting positions in Cutera. This is a decrease of 53 owner(s) or 13.42% in the last quarter. Average portfolio weight of all funds dedicated to CUTR is 0.23%, an increase of 2.13%. Total shares owned by institutions decreased in the last three months by 2.03% to 28,339K shares. 
The put/call ratio of CUTR is 0.56, indicating a bullish outlook.
What are Other Shareholders Doing?
Rtw Investments holds 1,847K shares representing 9.28% ownership of the company. In it's prior filing, the firm reported owning 1,799K shares, representing an increase of 2.60%. The firm decreased its portfolio allocation in CUTR by 44.06% over the last quarter.
IJR - iShares Core S&P Small-Cap ETF holds 1,302K shares representing 6.54% ownership of the company. In it's prior filing, the firm reported owning 1,328K shares, representing a decrease of 2.06%. The firm decreased its portfolio allocation in CUTR by 49.15% over the last quarter.
Millennium Management holds 1,239K shares representing 6.23% ownership of the company. In it's prior filing, the firm reported owning 1,490K shares, representing a decrease of 20.27%. The firm decreased its portfolio allocation in CUTR by 53.97% over the last quarter.
Pura Vida Investments holds 1,220K shares representing 6.14% ownership of the company. In it's prior filing, the firm reported owning 1,036K shares, representing an increase of 15.11%. The firm increased its portfolio allocation in CUTR by 23.41% over the last quarter.
Voce Capital Management holds 1,210K shares representing 6.08% ownership of the company. No change in the last quarter.
Cutera Background Information
(This description is provided by the company.)
Brisbane, California-based Cutera is a leading provider of laser and other energy-based aesthetic systems for practitioners worldwide. Since 1998, Cutera has been developing innovative, easy-to-use products that enable physicians and other qualified practitioners to offer safe and effective aesthetic treatments to their patients.
Additional reading:
- TRADING DATA
- CUTERA, INC. 2023 INDUCEMENT EQUITY INCENTIVE PLAN
- TRADING DATA
- J. Daniel Plants One Embarcadero Center Suite 1140 San Francisco, California 94111
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This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
