CVI Holdings LLC bought a new position in Allurion Technologies Inc. (NYSE:ALUR – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 521,440 shares of the company’s stock, valued at approximately $520,000. Allurion Technologies makes up 0.5% of CVI Holdings LLC’s portfolio, making the stock its 28th biggest holding.
Separately, Accredited Investors Inc. grew its position in Allurion Technologies by 33.3% during the 2nd quarter. Accredited Investors Inc. now owns 50,000 shares of the company’s stock worth $50,000 after acquiring an additional 12,500 shares during the last quarter. 21.39% of the stock is owned by hedge funds and other institutional investors.
Allurion Technologies Stock Performance
Shares of ALUR opened at $0.63 on Friday. The firm has a market capitalization of $30.00 million, a price-to-earnings ratio of -0.17 and a beta of -0.33. The business’s fifty day moving average price is $0.70 and its two-hundred day moving average price is $1.39. Allurion Technologies Inc. has a 52 week low of $0.55 and a 52 week high of $5.15.
Wall Street Analysts Forecast Growth
ALUR has been the topic of a number of research analyst reports. Roth Mkm initiated coverage on Allurion Technologies in a research report on Friday, September 6th. They set a “buy” rating and a $2.00 price target on the stock. Chardan Capital decreased their price target on Allurion Technologies from $5.00 to $2.50 and set a “buy” rating on the stock in a research report on Thursday, August 22nd. Finally, Roth Capital upgraded Allurion Technologies to a “strong-buy” rating in a research report on Friday, September 6th.
Get Our Latest Stock Analysis on Allurion Technologies
Allurion Technologies Company Profile
Allurion Technologies Inc focuses on ending obesity with a weight loss platform to treat people who are overweight. Its platform, the Allurion Program, features swallowable and procedure-less intragastric balloon for weight loss (the Allurion Balloon), as well as offers access to AI-powered remote patient monitoring tools, a proprietary behavior change program, secure messaging, and video telehealth that are delivered by the Allurion Virtual Care Suite.
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