Zeltiq Aesthetics Inc. (NASDAQ:ZLTQ) insider Mark J. Foley sold 10,000 shares of the stock in a transaction on Thursday, October 13th. The shares were sold at an average price of $40.55, for a total transaction of $405,500.00. Following the transaction, the insider now directly owns 281,941 shares in the company, valued at approximately $11,432,707.55. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Zeltiq Aesthetics Inc. (NASDAQ:ZLTQ) opened at 39.30 on Wednesday. The company’s 50-day moving average is $39.28 and its 200-day moving average is $32.65. Zeltiq Aesthetics Inc. has a 12 month low of $18.41 and a 12 month high of $41.48. The stock has a market capitalization of $1.56 billion, a PE ratio of 59.10 and a beta of 0.79.
Zeltiq Aesthetics (NASDAQ:ZLTQ) last released its quarterly earnings results on Monday, August 8th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.05) by $0.07. The business had revenue of $89.50 million for the quarter, compared to analysts’ expectations 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 period in the previous year, the company earned $0.03 EPS. Equities research analysts forecast that Zeltiq Aesthetics Inc. will post ($0.13) EPS for the current year.
A number of large investors have recently added to or reduced their stakes in the stock. PineBridge Investments L.P. boosted its position in Zeltiq Aesthetics by 4.9% in the second quarter. PineBridge Investments L.P. now owns 4,103 shares of the company’s stock worth $112,000 after buying an additional 193 shares during the period. Teacher Retirement System of Texas boosted its position in Zeltiq Aesthetics by 26.9% in the second quarter. Teacher Retirement System of Texas now owns 4,884 shares of the company’s stock worth $133,000 after buying an additional 1,036 shares during the period. Mason Street Advisors LLC purchased a new position in Zeltiq Aesthetics during the second quarter worth $173,000. Calamos Wealth Management LLC purchased a new position in Zeltiq Aesthetics during the second quarter worth $200,000. Finally, First Mercantile Trust Co. purchased a new position in Zeltiq Aesthetics during the third quarter worth $204,000.
A number of equities research analysts have issued reports on the stock. Stifel Nicolaus raised their price target on shares of Zeltiq Aesthetics from $38.00 to $52.00 and gave the stock a “buy” rating in a report on Wednesday, September 21st. Leerink Swann reissued an “outperform” rating and issued a $48.00 price target (up previously from $43.00) on shares of Zeltiq Aesthetics in a report on Thursday, August 11th. Zacks Investment Research raised shares of Zeltiq Aesthetics from a “sell” rating to a “hold” rating in a report on Friday, August 12th. Maxim Group raised their price target on shares of Zeltiq Aesthetics from $40.00 to $48.00 and gave the stock a “buy” rating in a report on Tuesday, August 9th. Finally, Brean Capital set a $39.00 price target on shares of Zeltiq Aesthetics and gave the stock a “buy” rating in a report on Tuesday, August 9th. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Zeltiq Aesthetics currently has a consensus rating of “Buy” and a consensus 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.
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