Sunshine Heart Inc. (NASDAQ:SSH) CEO John L. Erb purchased 80,000 shares of the stock in a transaction that occurred on Monday, November 28th. The shares were purchased at an average price of $0.22 per share, for a total transaction of $17,600.00. Following the completion of the purchase, the chief executive officer now directly owns 464,128 shares of the company’s stock, valued at $102,108.16. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Sunshine Heart Inc. (NASDAQ:SSH) traded down 14.29% during midday trading on Tuesday, reaching $0.18. The company’s stock had a trading volume of 768,139 shares. The firm’s market cap is $3.76 million. The firm has a 50 day moving average price of $0.27 and a 200-day moving average price of $0.60. Sunshine Heart Inc. has a 52 week low of $0.15 and a 52 week high of $1.87.

Sunshine Heart (NASDAQ:SSH) last issued its earnings results on Tuesday, November 8th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.20) by $0.07. The company had revenue of $0.54 million for the quarter, compared to analyst estimates of $0.70 million. During the same period in the prior year, the business earned ($0.36) EPS. The business’s revenue was up 542999900.0% compared to the same quarter last year. On average, analysts forecast that Sunshine Heart Inc. will post ($0.75) earnings per share for the current fiscal year.

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Separately, S&P Equity Research lifted their price objective on Sunshine Heart from $0.18 to $0.23 in a report on Tuesday. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $3.66.

5 Day Chart for NASDAQ:SSH

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