Cytosorbents (CTSO) Gets a Buy Rating from H.C. Wainwright
H.C. Wainwright analyst Sean Lee CFA reiterated a Buy rating on Cytosorbents (CTSO) today and set a price target of $13.00. The company’s shares closed last Wednesday at $8.39.
According to TipRanks.com, CFA is a 3-star analyst with an average return of 5.2% and a 39.1% success rate. CFA covers the Healthcare sector, focusing on stocks such as ThermoGenesis Holdings, CASI Pharmaceuticals, and Gritstone Oncology.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Cytosorbents with a $14.75 average price target.
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Based on Cytosorbents’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $9.79 million and GAAP net loss of $2.87 million. In comparison, last year the company earned revenue of $6.23 million and had a GAAP net loss of $3.55 million.
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CytoSorbents Corp. engages in the research and development of blood purification technology for the reduction of deadly uncontrolled inflammation in hospitalized patients. Its product include CytoSorb, ContrastSorb, HemoDefend, VetResQ, and DrugSorb. The company was founded by Joseph Rubin on April 25, 2002 and is headquartered in Monmouth Junction, NJ.