Cytosorbents Co. (CTSO) CFO Sells $80,000.00 in Stock

Cytosorbents Co. (NASDAQ:CTSO) CFO Kathleen P. Bloch sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $8.00, for a total value of $80,000.00. Following the completion of the transaction, the chief financial officer now directly owns 268,870 shares in the company, valued at $2,150,960. The transaction was disclosed in a filing with the SEC, which is available at this link.

CTSO stock opened at $7.35 on Friday. Cytosorbents Co. has a 12-month low of $3.30 and a 12-month high of $8.25. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.54 and a current ratio of 2.64.

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Cytosorbents (NASDAQ:CTSO) last released its quarterly earnings results on Thursday, March 8th. The medical research company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.02). The firm had revenue of $4.65 million for the quarter, compared to the consensus estimate of $4.56 million. Cytosorbents had a negative net margin of 52.08% and a negative return on equity of 118.07%. research analysts anticipate that Cytosorbents Co. will post -0.47 earnings per share for the current fiscal year.

Several research firms recently issued reports on CTSO. ValuEngine raised Cytosorbents from a “hold” rating to a “buy” rating in a research report on Tuesday, April 3rd. HC Wainwright set a $14.00 price objective on Cytosorbents and gave the company a “buy” rating in a research report on Friday, March 9th. Cowen set a $9.00 price objective on Cytosorbents and gave the company a “buy” rating in a research report on Thursday, March 8th. Maxim Group set a $12.00 price objective on Cytosorbents and gave the company a “buy” rating in a research report on Friday, March 9th. Finally, B. Riley reaffirmed a “buy” rating and issued a $11.25 price objective on shares of Cytosorbents in a research report on Thursday, January 25th. Six research analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and an average target price of $11.05.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN lifted its holdings in shares of Cytosorbents by 182.3% during the 4th quarter. Wells Fargo & Company MN now owns 20,929 shares of the medical research company’s stock valued at $136,000 after buying an additional 13,515 shares during the period. Goldman Sachs Group Inc. bought a new position in shares of Cytosorbents during the 4th quarter valued at $146,000. Fortaleza Asset Management Inc. lifted its holdings in shares of Cytosorbents by 60.9% during the 4th quarter. Fortaleza Asset Management Inc. now owns 37,615 shares of the medical research company’s stock valued at $244,000 after buying an additional 14,240 shares during the period. Wealthcare Advisory Partners LLC bought a new position in shares of Cytosorbents during the 3rd quarter valued at $365,000. Finally, BlueCrest Capital Management Ltd bought a new position in shares of Cytosorbents during the 4th quarter valued at $396,000. 10.84% of the stock is currently owned by hedge funds and other institutional investors.

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Cytosorbents Company Profile

CytoSorbents Corporation, a critical care focused immunotherapy company, engages in the research, development, and commercialization of medical devices with its platform blood purification technology incorporating a proprietary adsorbent, porous polymer technology. Its principal product is CytoSorb device, an extracorporeal cytokine filter designed for the adjunctive therapy in the treatment of sepsis; adjunctive therapy in other critical care applications; prevention and treatment of post-operative complications of cardiopulmonary bypass surgery; and prevention and treatment of organ dysfunction in brain-dead organ donors to increase the number and quality of viable organs harvested from donors.

Insider Buying and Selling by Quarter for Cytosorbents (NASDAQ:CTSO)

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