Avinger (AVGR) Coverage Initiated by Analysts at Ladenburg Thalmann Financial Services

Ladenburg Thalmann Financial Services assumed coverage on shares of Avinger (NASDAQ:AVGR) in a research report report published on Friday, Marketbeat.com reports. The brokerage issued a buy rating on the medical device company’s stock.

Separately, Zacks Investment Research raised Avinger from a hold rating to a buy rating and set a $10.00 target price for the company in a research report on Wednesday, January 3rd. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has a consensus rating of Hold and an average price target of $10.00.

Avinger (NASDAQ AVGR) opened at $1.29 on Friday. The firm has a market capitalization of $1.06, a PE ratio of -0.01 and a beta of 0.88. Avinger has a 52-week low of $0.95 and a 52-week high of $86.00.

In related news, insider Himanshu Patel acquired 50 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was acquired at an average price of $1,000.00 per share, for a total transaction of $50,000.00. Following the purchase, the insider now owns 2,484 shares of the company’s stock, valued at approximately $2,484,000. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 4.80% of the company’s stock.

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Avinger Company Profile

Avinger, Inc is a commercial-stage medical device company. The Company designs, manufactures and sells image-guided, catheter-based systems that are used by physicians to treat patients with peripheral arterial disease (PAD). The Company focuses on introducing products based on its lumivascular platform, which is an intravascular image-guided system.

Analyst Recommendations for Avinger (NASDAQ:AVGR)

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