Oppenheimer analyst Steven Lichtman assigned a Buy rating to ConforMIS (CFMS) today and set a price target of $3.00. The company’s shares closed last Wednesday at $0.65, close to its 52-week low of $0.50.
According to TipRanks.com, Lichtman is a 4-star analyst with an average return of 4.3% and a 50.1% success rate. Lichtman covers the Healthcare sector, focusing on stocks such as Helius Medical Technologies, Merit Medical Systems, and Integra Lifesciences.
ConforMIS has an analyst consensus of Moderate Buy, with a price target consensus of $2.50.
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The company has a one-year high of $2.25 and a one-year low of $0.50. Currently, ConforMIS has an average volume of 419.1K.
Based on the recent corporate insider activity of 23 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CFMS in relation to earlier this year.
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ConforMIS, Inc. operates as a holding company, which engages in the development, manufacture and sale of joint replacement implants. Its products include iTotal, iUni and iDuo and iJig Instrumentation. The company was founded by Philipp Lang in 2004 and is headquartered in Billerica, MA.
