Sensus Healthcare, Inc. (SRTS) PT Raised to $7.50
Sensus Healthcare, Inc. (NASDAQ:SRTS) had its price target hoisted by Maxim Group from $6.50 to $7.50 in a research report issued on Friday. The firm currently has a “buy” rating on the stock. Maxim Group’s price objective suggests a potential upside of 27.33% from the company’s current price.
Shares of Sensus Healthcare (NASDAQ SRTS) traded up $0.04 during midday trading on Friday, reaching $5.89. 10,864 shares of the company were exchanged, compared to its average volume of 15,661.
Sensus Healthcare (NASDAQ:SRTS) last announced its earnings results on Thursday, August 3rd. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.14) by $0.08. Sensus Healthcare had a negative net margin of 17.21% and a negative return on equity of 23.48%. The firm had revenue of $4.97 million for the quarter, compared to analyst estimates of $4.50 million. research analysts forecast that Sensus Healthcare will post -0.33 earnings per share for the current fiscal year.
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In related news, insider Kalman Fishman sold 5,378 shares of the firm’s stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $6.00, for a total transaction of $32,268.00. Following the sale, the insider now owns 990,845 shares in the company, valued at $5,945,070. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Joseph C. Sardano sold 6,953 shares of the firm’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $6.00, for a total transaction of $41,718.00. Following the sale, the chief executive officer now owns 1,587,701 shares in the company, valued at approximately $9,526,206. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 98,551 shares of company stock worth $591,306. 41.70% of the stock is owned by company insiders.
A hedge fund recently bought a new stake in Sensus Healthcare stock. B. Riley Financial Inc. purchased a new position in shares of Sensus Healthcare, Inc. (NASDAQ:SRTS) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 104,794 shares of the company’s stock, valued at approximately $421,000. B. Riley Financial Inc. owned 0.77% of Sensus Healthcare as of its most recent SEC filing. 8.09% of the stock is owned by hedge funds and other institutional investors.
About Sensus Healthcare
Sensus Healthcare, Inc, formerly Sensus Healthcare, LLC, is a manufacturer of superficial radiation therapy devices. The Company designs, manufactures and markets medical devices specializing in the treatment of non-melanoma skin cancers and other skin conditions, such as keloids, with superficial radiation therapy.
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