Fintel reports that on June 11, 2024, BTIG upgraded their outlook for STAAR Surgical (NasdaqGM:STAA) from Neutral to Buy.
Analyst Price Forecast Suggests 40.16% Upside
As of June 1, 2024, the average one-year price target for STAAR Surgical is 53.36. The forecasts range from a low of 40.40 to a high of $63.00. The average price target represents an increase of 40.16% from its latest reported closing price of 38.07.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for STAAR Surgical is 457MM, an increase of 40.17%. The projected annual non-GAAP EPS is 1.67.
What is the Fund Sentiment?
There are 449 funds or institutions reporting positions in STAAR Surgical. This is an decrease of 44 owner(s) or 8.92% in the last quarter. Average portfolio weight of all funds dedicated to STAA is 0.22%, an increase of 2.59%. Total shares owned by institutions decreased in the last three months by 7.89% to 51,323K shares. 
The put/call ratio of STAA is 1.17, indicating a bearish outlook.
What are Other Shareholders Doing?
Broadwood Capital holds 10,768K shares representing 21.92% ownership of the company. In its prior filing, the firm reported owning 10,538K shares , representing an increase of 2.14%. The firm increased its portfolio allocation in STAA by 10.49% over the last quarter.
Baillie Gifford holds 4,115K shares representing 8.38% ownership of the company. In its prior filing, the firm reported owning 4,448K shares , representing a decrease of 8.10%. The firm decreased its portfolio allocation in STAA by 57.79% over the last quarter.
IJR - iShares Core S&P Small-Cap ETF holds 3,308K shares representing 6.73% ownership of the company. In its prior filing, the firm reported owning 3,267K shares , representing an increase of 1.23%. The firm increased its portfolio allocation in STAA by 18.94% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,518K shares representing 3.09% ownership of the company. In its prior filing, the firm reported owning 1,513K shares , representing an increase of 0.39%. The firm increased its portfolio allocation in STAA by 12.26% over the last quarter.
Palo Alto Investors holds 1,380K shares representing 2.81% ownership of the company. In its prior filing, the firm reported owning 1,377K shares , representing an increase of 0.19%. The firm increased its portfolio allocation in STAA by 53.82% over the last quarter.
Staar Surgical Background Information
(This description is provided by the company.)
STAAR, which has been dedicated solely to ophthalmic surgery for over 30 years, designs, develops, manufactures and markets implantable lenses for the eye with companion delivery systems. These lenses are intended to provide visual freedom for patients, lessening or eliminating the reliance on glasses or contact lenses. All of these lenses are foldable, which permits the surgeon to insert them through a small incision. STAAR's lens used in refractive surgery is called an Implantable Collamer® Lens or 'ICL', which includes the EVO Visian ICL™ product line. More than 1,000,000 Visian® ICLs have been implanted to date and STAAR markets these lenses in over 75 countries. To learn more about the ICL go to: www.discovericl.com. Headquartered in Lake Forest, CA, the company operates manufacturing and packaging facilities in Aliso Viejo, CA, Monrovia, CA and Nidau, Switzerland.
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