Establishment Labs (NASDAQ:ESTA) Stock Rating Lowered by Wall Street Zen
Wall Street Zen downgraded Establishment Labs (NASDAQ:ESTA) from a "hold" to a "sell" rating. Other analysts have mixed views, with Stephens maintaining an "overweight" rating and a $52 price target, while BTIG Research set a "buy" rating with a $62 target. The stock is currently trading at $36.01, with a consensus rating of "Moderate Buy" and an average target price of $55.33. Establishment Labs reported a revenue increase of 11.3% year-over-year, with a quarterly EPS of ($0.70), surpassing estimates.
Establishment Labs (NASDAQ:ESTA - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report issued on Thursday.
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A number of other equities research analysts also recently issued reports on the company. Stephens reissued an "overweight" rating and set a $52.00 price target on shares of Establishment Labs in a research report on Thursday, March 6th. BTIG Research assumed coverage on Establishment Labs in a research note on Friday, May 16th. They issued a "buy" rating and a $62.00 price objective on the stock. Finally, Needham & Company LLC raised shares of Establishment Labs from a "hold" rating to a "buy" rating and set a $48.00 target price for the company in a research report on Wednesday, May 14th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, Establishment Labs has a consensus rating of "Moderate Buy" and an average target price of $55.33.
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Establishment Labs Trading Up 0.4%
Shares of ESTA traded up $0.13 during mid-day trading on Thursday, hitting $36.01. The company had a trading volume of 33,698 shares, compared to its average volume of 469,413. Establishment Labs has a 1-year low of $26.56 and a 1-year high of $58.00. The business's 50-day simple moving average is $34.42 and its 200-day simple moving average is $38.10. The stock has a market cap of $1.04 billion, a PE ratio of -13.91 and a beta of 0.73. The company has a quick ratio of 2.29, a current ratio of 3.62 and a debt-to-equity ratio of 5.94.
Establishment Labs (NASDAQ:ESTA - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported ($0.70) earnings per share for the quarter, topping analysts' consensus estimates of ($0.83) by $0.13. Establishment Labs had a negative net margin of 46.13% and a negative return on equity of 184.55%. The company had revenue of $41.38 million for the quarter, compared to the consensus estimate of $41.15 million. During the same quarter last year, the firm posted ($0.58) earnings per share. Establishment Labs's revenue was up 11.3% on a year-over-year basis. Sell-side analysts forecast that Establishment Labs will post -2.41 earnings per share for the current year.
Institutional Investors Weigh In On Establishment Labs
Large investors have recently modified their holdings of the stock. Raymond James Financial Inc. purchased a new stake in shares of Establishment Labs during the fourth quarter valued at approximately $5,494,000. KLP Kapitalforvaltning AS acquired a new stake in Establishment Labs during the 4th quarter valued at $161,000. Swiss National Bank increased its stake in Establishment Labs by 2.7% during the 4th quarter. Swiss National Bank now owns 38,500 shares of the company's stock worth $1,774,000 after buying an additional 1,000 shares during the period. Sei Investments Co. increased its stake in Establishment Labs by 22.3% during the 4th quarter. Sei Investments Co. now owns 42,471 shares of the company's stock worth $1,957,000 after buying an additional 7,731 shares during the period. Finally, Royce & Associates LP acquired a new position in Establishment Labs in the 4th quarter worth $4,862,000. Institutional investors and hedge funds own 72.91% of the company's stock.
Establishment Labs Company Profile
(Get Free Report)Establishment Labs Holdings Inc, a medical technology company, manufactures and markets medical devices for aesthetic and reconstructive plastic surgery. The company primarily offers silicone gel-filled breast implants under the Motiva Implants brand. It also provides Motiva Ergonomix and Motiva Ergonomix2 gravity sensitive round soft silicone-gel-filled breast implants; and Motiva Flora Tissue Expander, a breast tissue expander.
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