Neuronetics, Inc. (NASDAQ:STIM) was the recipient of some unusual options trading activity on Tuesday. Traders acquired 4,909 call options on the stock. This is an increase of approximately 3,432% compared to the average daily volume of 139 call options.
NASDAQ STIM traded up $3.98 during trading hours on Tuesday, reaching $14.13. The stock had a trading volume of 5,403,022 shares, compared to its average volume of 529,271. Neuronetics has a 52-week low of $1.70 and a 52-week high of $22.43. The stock has a fifty day moving average of $12.23 and a 200 day moving average of $11.90. The stock has a market cap of $363.62 million, a P/E ratio of -8.41 and a beta of 3.05.
Neuronetics (NASDAQ:STIM) last issued its earnings results on Monday, March 1st. The company reported ($0.19) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.24) by $0.05. The firm had revenue of $15.58 million during the quarter, compared to analysts’ expectations of $15.21 million. Neuronetics had a negative net margin of 61.44% and a negative return on equity of 88.76%. On average, equities analysts forecast that Neuronetics will post -1.55 earnings per share for the current fiscal year.
In other Neuronetics news, CFO Stephen Furlong sold 6,521 shares of the company’s stock in a transaction on Tuesday, March 9th. The stock was sold at an average price of $14.64, for a total value of $95,467.44. Following the completion of the sale, the chief financial officer now directly owns 289,971 shares in the company, valued at approximately $4,245,175.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Gregory Harper sold 5,524 shares of the stock in a transaction on Tuesday, March 9th. The stock was sold at an average price of $14.65, for a total value of $80,926.60. Following the transaction, the vice president now directly owns 162,554 shares in the company, valued at approximately $2,381,416.10. The disclosure for this sale can be found here. Insiders own 6.00% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the stock. Wells Fargo & Company MN boosted its position in Neuronetics by 14.9% in the 4th quarter. Wells Fargo & Company MN now owns 9,295 shares of the company’s stock worth $103,000 after purchasing an additional 1,206 shares in the last quarter. Blair William & Co. IL boosted its holdings in Neuronetics by 1.2% during the fourth quarter. Blair William & Co. IL now owns 145,335 shares of the company’s stock worth $1,615,000 after buying an additional 1,667 shares in the last quarter. Morgan Stanley grew its position in Neuronetics by 13.5% during the third quarter. Morgan Stanley now owns 64,854 shares of the company’s stock valued at $315,000 after buying an additional 7,723 shares during the period. Bank of New York Mellon Corp increased its holdings in Neuronetics by 14.2% in the fourth quarter. Bank of New York Mellon Corp now owns 76,274 shares of the company’s stock valued at $847,000 after buying an additional 9,505 shares in the last quarter. Finally, LPL Financial LLC raised its position in shares of Neuronetics by 87.7% in the fourth quarter. LPL Financial LLC now owns 21,400 shares of the company’s stock worth $238,000 after acquiring an additional 10,000 shares during the period. Institutional investors own 63.80% of the company’s stock.
Neuronetics, Inc, a commercial stage medical technology company, designs, develops, and markets products for patients with psychiatric disorders in the United States and internationally. The company offers NeuroStar Advanced Therapy System, a non-invasive and non-systemic office-based treatment to treat adult patients with major depressive disorder.
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