Zeltiq Aesthetics Inc. (NASDAQ:ZLTQ) VP Sergio Garcia sold 20,000 shares of Zeltiq Aesthetics stock in a transaction dated Monday, October 17th. The stock was sold at an average price of $39.08, for a total value of $781,600.00. Following the completion of the sale, the vice president now owns 86,241 shares of the company’s stock, valued at $3,370,298.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Zeltiq Aesthetics Inc. (NASDAQ:ZLTQ) traded up 1.03% during midday trading on Tuesday, reaching $39.30. The company’s stock had a trading volume of 523,547 shares. Zeltiq Aesthetics Inc. has a 52-week low of $18.41 and a 52-week high of $41.48. The firm has a market cap of $1.56 billion, a P/E ratio of 59.10 and a beta of 0.79. The firm has a 50 day moving average of $39.28 and a 200 day moving average of $32.65.
Zeltiq Aesthetics (NASDAQ:ZLTQ) last posted its earnings results on Monday, August 8th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.05) by $0.07. The firm earned $89.50 million during the quarter, compared to the consensus estimate of $79.68 million. Zeltiq Aesthetics had a net margin of 9.54% and a negative return on equity of 9.90%. Zeltiq Aesthetics’s revenue for the quarter was up 38.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.03 earnings per share. Analysts anticipate that Zeltiq Aesthetics Inc. will post ($0.13) earnings per share for the current fiscal year.
Several institutional investors have recently modified their holdings of the company. Samlyn Capital LLC bought a new position in shares of Zeltiq Aesthetics during the first quarter worth about $29,100,000. BlackRock Fund Advisors increased its position in shares of Zeltiq Aesthetics by 134.5% in the first quarter. BlackRock Fund Advisors now owns 2,098,036 shares of the company’s stock worth $56,983,000 after buying an additional 1,203,254 shares during the period. Deerfield Management Co. bought a new position in shares of Zeltiq Aesthetics during the first quarter worth about $29,996,000. Prudential Financial Inc. bought a new position in shares of Zeltiq Aesthetics during the first quarter worth about $2,049,000. Finally, RS Investment Management Co. LLC increased its position in shares of Zeltiq Aesthetics by 35.3% in the second quarter. RS Investment Management Co. LLC now owns 1,056,821 shares of the company’s stock worth $28,883,000 after buying an additional 275,499 shares during the period.
ZLTQ has been the subject of a number of research reports. Leerink Swann reiterated a “buy” rating on shares of Zeltiq Aesthetics in a research report on Thursday, June 30th. JPMorgan Chase & Co. restated a “hold” rating and set a $35.00 target price (up from $27.00) on shares of Zeltiq Aesthetics in a research report on Tuesday, August 9th. Brean Capital set a $39.00 target price on Zeltiq Aesthetics and gave the stock a “buy” rating in a research report on Tuesday, August 9th. Zacks Investment Research lowered Zeltiq Aesthetics from a “hold” rating to a “sell” rating in a research report on Thursday, July 14th. Finally, Stifel Nicolaus boosted their target price on Zeltiq Aesthetics from $38.00 to $52.00 and gave the stock a “buy” rating in a research report on Wednesday, September 21st. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $39.89.
About Zeltiq Aesthetics
ZELTIQ Aesthetics, Inc is a medical technology company. The Company focuses on developing and commercializing products utilizing its controlled-cooling technology platform. Its product, the CoolSculpting System, is designed to reduce stubborn fat bulges. It sell the CoolSculpting system primarily to dermatologists, plastic surgeons, aesthetic specialists, and obstetrics and gynecology physicians.
Receive News & Ratings for Zeltiq Aesthetics Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zeltiq Aesthetics Inc. and related companies with MarketBeat.com's FREE daily email newsletter.