Neuronetics Inc (NASDAQ:STIM) reached a new 52-week low on Tuesday . The company traded as low as $15.52 and last traded at $15.94, with a volume of 785 shares trading hands. The stock had previously closed at $16.00.

A number of research firms recently weighed in on STIM. Canaccord Genuity began coverage on shares of Neuronetics in a report on Tuesday, July 24th. They set a “buy” rating and a $33.00 price target for the company. JMP Securities raised their price target on shares of Neuronetics from $36.00 to $40.00 and gave the company an “outperform” rating in a report on Wednesday, August 15th. BTIG Research reaffirmed a “buy” rating and set a $33.00 price target on shares of Neuronetics in a report on Thursday, August 16th. Piper Jaffray Companies began coverage on shares of Neuronetics in a report on Monday, July 23rd. They set an “overweight” rating for the company. Finally, William Blair began coverage on shares of Neuronetics in a report on Monday, July 23rd. They set an “outperform” rating for the company. Six research analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and an average target price of $34.50.

The company has a debt-to-equity ratio of 0.33, a current ratio of 7.63 and a quick ratio of 7.46.

Neuronetics (NASDAQ:STIM) last released its quarterly earnings results on Tuesday, November 6th. The company reported ($0.29) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.40) by $0.11. The firm had revenue of $13.74 million for the quarter, compared to analyst estimates of $12.68 million. Analysts expect that Neuronetics Inc will post -1.88 earnings per share for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA acquired a new position in Neuronetics during the 2nd quarter worth $2,661,000. TD Asset Management Inc. acquired a new position in Neuronetics during the 2nd quarter worth $329,000. Emerald Mutual Fund Advisers Trust acquired a new position in Neuronetics during the 2nd quarter worth $1,570,000. Wells Fargo & Company MN acquired a new position in Neuronetics during the 2nd quarter worth $7,734,000. Finally, Victory Capital Management Inc. acquired a new position in Neuronetics during the 2nd quarter worth $133,000. 64.76% of the stock is owned by institutional investors and hedge funds.

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Neuronetics Company Profile (NASDAQ:STIM)

Neuronetics, Inc, a commercial stage medical technology company, designs, develops, and markets products for patients with psychiatric disorders. It offers NeuroStar Advanced Therapy System, a non-invasive and non-systemic office-based treatment for adult patients with major depressive disorder. The company's NeuroStar Advanced Therapy System uses transcranial magnetic stimulation to create a pulsed MRI-strength magnetic field, which induces electrical currents designed to stimulate specific areas of the brain associated with mood.

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