ConforMIS Inc. (CFMS) Trading Up 4%
ConforMIS Inc. (NASDAQ:CFMS) was up 4% during mid-day trading on Monday . The stock traded as high as $8.07 and last traded at $7.99, with a volume of 67,356 shares traded. The stock had previously closed at $7.68.
Several equities research analysts have issued reports on CFMS shares. JPMorgan Chase & Co. cut their target price on ConforMIS from $11.00 to $8.00 and set a “neutral” rating for the company in a research note on Tuesday, August 9th. Oppenheimer Holdings Inc. raised their target price on ConforMIS from $12.00 to $13.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 9th. Zacks Investment Research cut ConforMIS from a “hold” rating to a “sell” rating in a research note on Tuesday, June 7th. Wells Fargo & Co. cut ConforMIS from an “outperform” rating to a “market perform” rating in a research note on Friday, May 13th. Finally, Deutsche Bank AG cut their target price on ConforMIS from $26.00 to $12.00 and set a “buy” rating for the company in a research note on Friday, May 13th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $15.40.
The stock’s market capitalization is $337.44 million. The company has a 50-day moving average of $7.59 and a 200-day moving average of $8.87.
ConforMIS (NASDAQ:CFMS) last announced its quarterly earnings results on Monday, August 8th. The company reported ($0.34) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.35) by $0.01. During the same period last year, the firm earned ($2.51) EPS. The firm had revenue of $19.30 million for the quarter, compared to analysts’ expectations of $18.02 million. ConforMIS’s revenue was up .5% compared to the same quarter last year. Equities research analysts predict that ConforMIS Inc. will post ($1.40) EPS for the current year.
In other news, Director Kenneth P. Fallon III sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $8.44, for a total transaction of $33,760.00. Following the sale, the director now owns 92,222 shares of the company’s stock, valued at approximately $778,353.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
ConforMIS, Inc is a medical technology company that uses its iFit Image-to-Implant technology platform to develop, manufacture and sell joint replacement implants. The Company’s products include iTotal CR, which is the cruciate-retaining, customized total knee replacement system to restore the natural shape of a patient’s knee; iTotal PS, which is the posterior cruciate ligament substituting, or posterior-stabilized, customized total knee replacement product to restore the natural shape of a patient’s knee; iDuo, which is the customized bicompartmental knee replacement system, and iUni, which is the customized unicompartmental knee replacement product for treatment of the medial or lateral compartment of the knee.
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