William Blair Reiterates Outperform On Zeltiq Following Investor Meeting With The CEO


In a research report issued yesterday, William Blair analyst Margaret Kaczor reiterated an Outperform rating on Zeltiq Aesthetics (NASDAQ:ZLTQ). No price was target provided. This report followed an investor meeting with Leonard Fluxman, CEO of Steiner Leisure (NASDAQ:STNR), who suggested that the company is planning to test Zeltiq’s CoolSculpting product at 10 of its Ideal Image Centers this fall.

Kaczor noted, “We believe Zeltiq is working on expanding its presence in medical clinic chains, inclusive of Steiner Leisure. The market should be highly compelling given the more structured, business-oriented nature of these clinics, eventually driving multisystem placements as well as higher utilization.” And concludes: “Zeltiq trades at 4.3 times our 2015 revenue target of $193 million. We rate the stock Outperform and encourage investors to add to positions in advance of the analyst day on September 18, as we expect the company to make a compelling case for the long- term growth opportunity.”

According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Margaret Kaczor has a total average return of 21.3% and a 100.0% success rate. Kaczor has a 21.3% average return when recommending ZLTQ, and is ranked #2178 out of 3277 analysts.

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