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Cardiovascular Systems Inc. (CSII) [hlAlert]

Rating:
Buy CSII
down 29.21 %

Cardiovascular Systems Inc. (CSII) rated Buy with price target $18 by Needham

Posted on: Thursday,  Oct 8, 2015  8:25 AM ET by Needham

Needham rated Buy Cardiovascular Systems Inc. (NASDAQ: CSII) on 10/08/2015, when the stock price was $12.29. Since then, Cardiovascular Systems
Inc. has lost 29.21% of its value until Needham rated CSII Underperform on 01/22/2016, when the price was $8.70.
If you would have followed this Needham's recommendation on CSII, you would have lost 29.21% of your investment in 106 days.

Cardiovascular Systems, Inc.(CSI) is a medical device company focused on developing and commercializing minimally invasive treatment solutions for vascular disease. The Company?s primary product, the Diamondback 360 PAD System, is a catheter-based platform capable of treating a range of plaque types in leg arteries both above and below the knee. In August 2007, the United States Food and Drug Administration (FDA) granted the Company 510(k) clearance for use of the Diamondback 360 as a therapy for treatment of patients with peripheral artery disease (PAD). As of June 30, 2009, it was selling the Diamondback 360 in 556 accounts that had completed an estimated 15,000 procedures. On February 25, 2009, Replidyne, Inc. completed its merger with Cardiovascular Systems, Inc. Pursuant to the merger, Replidyne merged with and into Cardiovascular Systems, Inc., with Cardiovascular Systems, Inc. continuing after the merger as the surviving company and a wholly owned subsidiary of Replidyne.

Needham & Company, LLC focuses on emerging growth companies in technology, biotechnology and life sciences. The firm's research goal is to service the needs of growth-oriented institutional clients. Needham & Company has established itself as a premier specialty investment bank providing timely and valuable analysis on companies that are under-covered by the majority of Wall Street firms.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/22/2016 8:25 AM Sell
None
8.70
as of 8/27/2015
1 Week   
1 Month down  -18.69 %
3 Months down  -18.96 %
1 YTD down  -29.77 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/8/2015 8:25 AM Buy
None
12.29 18.00
3/21/2014 8:25 AM Buy
None
34.19 47.00

(*) Stock Price at the time of the recommendation.
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