Cogentix Medical Inc (NASDAQ:CGNT)’s share price was up 0.5% on Tuesday . The stock traded as high as $3.89 and last traded at $3.84. Approximately 758,871 shares traded hands during trading, an increase of 389% from the average daily volume of 155,262 shares. The stock had previously closed at $3.82.

Several equities analysts have weighed in on CGNT shares. Aegis started coverage on Cogentix Medical in a research note on Friday, December 1st. They set a “buy” rating and a $4.75 target price on the stock. Zacks Investment Research cut Cogentix Medical from a “buy” rating to a “hold” rating in a research note on Wednesday, December 20th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $4.06.

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The company has a market cap of $233.27, a P/E ratio of -9.34 and a beta of 0.75.

Several hedge funds and other institutional investors have recently made changes to their positions in CGNT. Meitav Dash Investments Ltd. bought a new stake in shares of Cogentix Medical in the 4th quarter valued at approximately $1,891,000. White Pine Capital LLC grew its stake in shares of Cogentix Medical by 233.1% in the 4th quarter. White Pine Capital LLC now owns 244,500 shares of the medical device company’s stock valued at $770,000 after buying an additional 171,100 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Cogentix Medical by 12.7% in the 4th quarter. Renaissance Technologies LLC now owns 708,637 shares of the medical device company’s stock valued at $2,232,000 after buying an additional 79,900 shares in the last quarter. Dimensional Fund Advisors LP bought a new stake in shares of Cogentix Medical in the 3rd quarter valued at approximately $152,000. Finally, Millennium Management LLC grew its stake in shares of Cogentix Medical by 23.4% in the 4th quarter. Millennium Management LLC now owns 104,343 shares of the medical device company’s stock valued at $329,000 after buying an additional 19,753 shares in the last quarter. 14.52% of the stock is owned by institutional investors and hedge funds.

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About Cogentix Medical

Cogentix Medical, Inc is a global medical device company. The Company designs, develops, manufactures and markets a line of fiber-optic and video endoscopy products under the PrimeSight brand that are used across various surgical specialties in diagnostic and treatment procedures. The Company also offers the Urgent PC Neuromodulation System (Urgent PC Systems), a device that delivers percutaneous tibial nerve stimulation (PTNS), for the office-based treatment of overactive bladder (OAB).

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