Edap Tms (NASDAQ:EDAP) Price Target Cut to $4.50 by Analysts at Piper Sandler

Edap Tms (NASDAQ:EDAP) had its price objective trimmed by Piper Sandler from $5.00 to $4.50 in a research report released on Friday morning,Benzinga reports. The brokerage currently has an overweight rating on the medical equipment provider’s stock.

A number of other research analysts also recently commented on EDAP. HC Wainwright reaffirmed a “buy” rating and set a $19.00 price objective on shares of Edap Tms in a research note on Friday. StockNews.com began coverage on shares of Edap Tms in a report on Friday. They issued a “hold” rating for the company.

Edap Tms Stock Down 3.2 %

EDAP stock opened at $2.15 on Friday. The company has a 50 day moving average price of $2.42 and a two-hundred day moving average price of $2.50. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.46 and a current ratio of 2.18. The stock has a market capitalization of $79.77 million, a P/E ratio of -3.31 and a beta of 0.37. Edap Tms has a one year low of $1.96 and a one year high of $8.50.

Edap Tms (NASDAQ:EDAP) last announced its quarterly earnings data on Thursday, March 27th. The medical equipment provider reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.06. Edap Tms had a negative return on equity of 44.21% and a negative net margin of 34.92%. The business had revenue of $22.69 million during the quarter, compared to the consensus estimate of $20.83 million. As a group, sell-side analysts expect that Edap Tms will post -0.6 EPS for the current year.

Institutional Investors Weigh In On Edap Tms

A number of institutional investors have recently added to or reduced their stakes in EDAP. Rock Springs Capital Management LP raised its holdings in shares of Edap Tms by 1.5% in the 4th quarter. Rock Springs Capital Management LP now owns 1,591,800 shares of the medical equipment provider’s stock worth $3,518,000 after purchasing an additional 23,800 shares during the period. Schonfeld Strategic Advisors LLC grew its holdings in shares of Edap Tms by 48.5% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 160,800 shares of the medical equipment provider’s stock worth $355,000 after purchasing an additional 52,500 shares during the period. Parkman Healthcare Partners LLC acquired a new stake in Edap Tms during the 3rd quarter worth approximately $395,000. Orion Capital Management LLC raised its holdings in Edap Tms by 10.4% in the third quarter. Orion Capital Management LLC now owns 69,800 shares of the medical equipment provider’s stock valued at $178,000 after buying an additional 6,600 shares during the period. Finally, Millennium Management LLC raised its holdings in Edap Tms by 218.5% in the fourth quarter. Millennium Management LLC now owns 48,915 shares of the medical equipment provider’s stock valued at $108,000 after buying an additional 33,558 shares during the period. Hedge funds and other institutional investors own 62.74% of the company’s stock.

Edap Tms Company Profile

EDAP TMS SA is a holding company, which, through its subsidiary, engages in the development, production, and marketing of minimally invasive medical devices for urological diseases. It operates through the High Intensity Focused Ultrasound (HIFU) and Urology Devices and Services (UDS) segments. The HIFU segment develops, manufactures, and markets devices for the minimally invasive ablation of certain types of localized tumors using HIFU technology.