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Stephen Furlong, the Executive Vice President, Chief Financial Officer, and Treasurer of Neuronetics , Inc. (NASDAQ:STIM), recently sold a portion of his holdings in the company. According to InvestingPro data, the transaction comes amid a remarkable period for STIM, which has seen its stock surge over 599% in the past six months. According to a filing with the Securities and Exchange Commission, Furlong sold 1,867 shares of Neuronetics common stock on March 4, 2025, generating approximately $8,364 in total proceeds. The shares were sold at a weighted average price of $4.48 per share, with individual transaction prices ranging from $4.32 to $4.72.
The sale was executed to meet tax withholding obligations related to the vesting of a restricted stock unit award. Following the transaction, Furlong retains ownership of 610,053 shares in the company.
In other recent news, Neuronetics reported a fourth-quarter revenue of $22.5 million, marking an 11% year-over-year increase and surpassing initial forecasts of $18.97 million. This growth was attributed to strong sales of the NeuroStar system and contributions from U.S. clinic operations, particularly following the acquisition of Greenbrook TMS. Despite a net loss of $0.33 per share, which was below the forecasted loss of $0.24 per share, the company’s revenue performance reflected positively on investor sentiment. The merger with Greenbrook, completed in December 2024, is expected to generate significant synergies, with Neuronetics anticipating 90% of the $22 million in projected deal synergies by the end of 2024. Citizens JMP reaffirmed its Market Outperform rating for Neuronetics, citing the merger’s growth potential and maintaining a $7.00 price target. Canaccord Genuity raised its price target to $8.00 from $5.00, maintaining a Buy rating, following the earnings report. Neuronetics has set a revenue guidance of $145-$155 million for 2025, with expectations to achieve cash flow positivity by the third quarter of 2025.
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