Needham & Company Reiterates a 'Buy' on Solta Medical (SLTM); Good Quarter
Tweet Send to a FriendGet Alerts SLTM Hot Sheet
Price: $2.14 +0.47%
Rating Summary:
7 Buy, 0 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 15 | New: 13
Rating Summary:
7 Buy, 0 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 15 | New: 13
Trade SLTM Now!
Needham & Company reiterates a 'Buy' on Solta Medical (NASDAQ: SLTM) price target of $4.00.
Analyst, Dal ton Chandler, said, "The LipoSonix body contouring device was launched in January about three months after it was acquired from Medicis (NYSE: MRX)(notrated) and it appears to be off to a very strong start. Contradicting a competitor’s earlier comments, management maintained that the ASP on the 78 new devices placed in the quarter was greater than $90 K and at better margins than the core equipment. The company also sold 11 upgrade units." (Needham lowers FY12 EPS from (0.04) to (0.17)
For an analyst ratings summary and ratings history on Solta Medical click here. For more ratings news on Solta Medical click here.
Shares of Solta Medical closed at $3.24 yesterday, with a 52 week range of $1.15-$3.69.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Analyst, Dal ton Chandler, said, "The LipoSonix body contouring device was launched in January about three months after it was acquired from Medicis (NYSE: MRX)(notrated) and it appears to be off to a very strong start. Contradicting a competitor’s earlier comments, management maintained that the ASP on the 78 new devices placed in the quarter was greater than $90 K and at better margins than the core equipment. The company also sold 11 upgrade units." (Needham lowers FY12 EPS from (0.04) to (0.17)
For an analyst ratings summary and ratings history on Solta Medical click here. For more ratings news on Solta Medical click here.
Shares of Solta Medical closed at $3.24 yesterday, with a 52 week range of $1.15-$3.69.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Jefferies Bumps Zumiez (ZUMZ) Numbers Up, But Remains on Sidelines
- Toll Bros. (TOL) Q2 Solid but Not Much Better Than Peers
- Janney Capital Trims Numbers on Buckle (BKE), Margins Peaking
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS View, Analyst PT ChangeRelated Entities
Needham & Company
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
