In a report released today, Alexander Nowak from Craig-Hallum assigned a Buy rating to CVRx (CVRX – Research Report), with a price target of $24.00. The company’s shares closed last Friday at $20.02.
Nowak covers the Healthcare sector, focusing on stocks such as Celcuity, Guardant Health, and QuidelOrtho. According to TipRanks, Nowak has an average return of -4.4% and a 40.88% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for CVRx with a $20.80 average price target.
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CVRX market cap is currently $416.7M and has a P/E ratio of -9.73.
Based on the recent corporate insider activity of 10 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CVRX in relation to earlier this year. Last month, Galle Liz, the VP OF GLOBAL CLINICAL RESEARCH of CVRX bought 778.00 shares for a total of $178.94.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
CVRx (CVRX) Company Description:
CVRx Inc is a commercial-stage medical device company focused on developing, manufacturing, and commercializing minimally invasive neuromodulation solutions for patients with cardiovascular diseases. Its proprietary platform technology, Barostim, is designed to leverage the power of the brain to address the imbalance of the Autonomic Nervous System, which causes heart failure and other cardiovascular diseases.
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