Kestra Medical Technologies (NASDAQ:KMTS) Trading Up 2.5% – Here’s What Happened

Kestra Medical Technologies, Ltd. (NASDAQ:KMTS)’s share price rose 2.5% during mid-day trading on Monday . The stock traded as high as $24.40 and last traded at $24.01. Approximately 80,622 shares were traded during trading, a decline of 73% from the average daily volume of 293,426 shares. The stock had previously closed at $23.43.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Bank of America began coverage on Kestra Medical Technologies in a report on Monday. They issued a “buy” rating and a $30.00 price objective on the stock. Wolfe Research started coverage on Kestra Medical Technologies in a research note on Monday. They set an “outperform” rating and a $29.00 price objective for the company. Stifel Nicolaus began coverage on Kestra Medical Technologies in a report on Monday. They issued a “buy” rating and a $28.00 target price on the stock. The Goldman Sachs Group initiated coverage on Kestra Medical Technologies in a research note on Monday. They set a “neutral” rating and a $24.00 price target for the company. Finally, Wells Fargo & Company initiated coverage on shares of Kestra Medical Technologies in a research note on Monday. They issued an “overweight” rating and a $28.00 target price for the company. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.67.

Kestra Medical Technologies Price Performance

Kestra Medical Technologies Company Profile

We are a commercial-stage, wearable medical device and digital healthcare company focused on transforming patient outcomes in cardiovascular disease using monitoring and therapeutic intervention technologies that are intuitive, intelligent, and connected. We have developed and are commercializing our Cardiac Recovery System platform, a comprehensive and advanced system that integrates monitoring, therapeutic treatment, digital health, and patient support services into a single, unified solution.