Insider Selling: Neuronetics Inc (STIM) VP Sells 8,595 Shares of Stock

Neuronetics Inc (NASDAQ:STIM) VP Peter Donato sold 8,595 shares of Neuronetics stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $14.93, for a total transaction of $128,323.35. The transaction was disclosed in a filing with the SEC, which is available at this link.

Peter Donato also recently made the following trade(s):

  • On Friday, May 10th, Peter Donato sold 23,053 shares of Neuronetics stock. The shares were sold at an average price of $15.27, for a total transaction of $352,019.31.
  • On Friday, March 8th, Peter Donato sold 26,238 shares of Neuronetics stock. The shares were sold at an average price of $16.15, for a total transaction of $423,743.70.

Neuronetics stock opened at $14.85 on Friday. The company has a market cap of $273.89 million and a PE ratio of -5.52. The company has a current ratio of 8.94, a quick ratio of 8.74 and a debt-to-equity ratio of 0.52. Neuronetics Inc has a 1 year low of $13.26 and a 1 year high of $39.39.

Neuronetics (NASDAQ:STIM) last released its quarterly earnings data on Tuesday, May 7th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.37) by ($0.05). Neuronetics had a negative net margin of 47.21% and a negative return on equity of 1,385.60%. The company had revenue of $12.73 million for the quarter, compared to the consensus estimate of $12.72 million. As a group, analysts anticipate that Neuronetics Inc will post -1.64 earnings per share for the current fiscal year.

STIM has been the topic of several recent analyst reports. BTIG Research reiterated a “buy” rating and set a $25.00 price objective on shares of Neuronetics in a research report on Wednesday, March 6th. Zacks Investment Research upgraded shares of Neuronetics from a “sell” rating to a “hold” rating in a research report on Wednesday, May 8th. Finally, Piper Jaffray Companies reduced their price objective on shares of Neuronetics from $35.00 to $28.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 5th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $31.60.

Several hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp acquired a new stake in Neuronetics in the third quarter valued at approximately $468,000. BlackRock Inc. raised its stake in shares of Neuronetics by 16,237.6% during the third quarter. BlackRock Inc. now owns 408,440 shares of the company’s stock valued at $13,095,000 after acquiring an additional 405,940 shares during the last quarter. Teachers Advisors LLC bought a new position in shares of Neuronetics during the third quarter valued at $267,000. TIAA CREF Investment Management LLC bought a new position in shares of Neuronetics during the third quarter valued at $285,000. Finally, Vanguard Group Inc. raised its stake in shares of Neuronetics by 1,510.2% during the third quarter. Vanguard Group Inc. now owns 241,533 shares of the company’s stock valued at $7,744,000 after acquiring an additional 226,533 shares during the last quarter. 69.27% of the stock is owned by hedge funds and other institutional investors.

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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, Japan, 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.

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