In a report released yesterday, Anthony Vendetti from Maxim Group reiterated a Buy rating on Nuwellis (NUWE – Research Report), with a price target of $10.00. The company’s shares opened today at $2.20.
According to TipRanks, Vendetti is an analyst with an average return of -2.5% and a 31.94% success rate. Vendetti covers the Healthcare sector, focusing on stocks such as Biolase, ReShape Lifesciences, and Icecure Medical.
Currently, the analyst consensus on Nuwellis is a Moderate Buy with an average price target of $10.00.
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Based on Nuwellis’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.83 million and a GAAP net loss of $6.49 million. In comparison, last year the company earned a revenue of $1.93 million and had a GAAP net loss of $4.47 million
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CHF Solutions, Inc. is a medical device company, which engages in the provision of products for the treatment of fluid overload. Its product include Aquadex FlexFlow System, which provides an ultrafiltration for the removal of salt and water in patients with hypervolemia, or fluid overload. It operates through Cardiac and Coronary Disease Products segment. The company was founded by Crispin Marsh and William S. Peters in November 1999 and is headquartered in Eden Prairie, MN.
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