Zacks Investment Research upgraded shares of Sunshine Heart (NASDAQ:CHFS) from a hold rating to a buy rating in a research report sent to investors on Wednesday morning. Zacks Investment Research currently has $4.00 target price on the stock.

According to Zacks, “CHF Solutions, Inc. is a medical device company which focused on commercializing the Aquadex FlexFlow (R) System. Its commercial product Aquadex system, is indicated for temporary ultrafiltration treatment of patients with fluid overload who have failed diuretic therapy and extended ultrafiltration treatment of patients with fluid overload who have failed diuretic therapy and require hospitalization. CHF Solutions Inc., formerly known as Sunshine Heart Inc., is headquartered in Minneapolis. “

Separately, ValuEngine downgraded shares of Sunshine Heart from a sell rating to a strong sell rating in a report on Monday, October 2nd.

Shares of Sunshine Heart (NASDAQ:CHFS) traded up $0.31 on Wednesday, reaching $3.89. 2,884,772 shares of the company traded hands, compared to its average volume of 388,486. The company has a market cap of $6.99, a P/E ratio of -0.03 and a beta of 2.25. Sunshine Heart has a 12-month low of $2.87 and a 12-month high of $137.00.

Sunshine Heart (NASDAQ:CHFS) last announced its earnings results on Tuesday, October 31st. The company reported ($4.55) EPS for the quarter. Sunshine Heart had a negative return on equity of 165.61% and a negative net margin of 263.73%. research analysts forecast that Sunshine Heart will post -3.03 earnings per share for the current fiscal year.

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About Sunshine Heart

CHF Solutions, Inc, an early-stage medical device company, develops cardiac and coronary disease products primarily in the United States. It focused on commercializing the Aquadex FlexFlow system, which is indicated for temporary ultrafiltration treatment of patients with fluid overload who have failed diuretic therapy, and extended ultrafiltration treatment of patients with fluid overload who have failed diuretic therapy and require hospitalization.

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