Establishment Labs (ESTA)

• Market cap: $1.15B
• 1 day: 2.75%
• 5 days: -13.00%
• 1 month: -4.31%
• 3 months: -5.75%
• 6 months: -6.37%
• Year to date: 50.47%
• 1 year: 73.28%
• 5 years: 54.12%
• 10 years: 61.66%
• Sector: Healthcare
• Industry: Orthopedic, Prosthetic & Surgical Appliances & Supplies

About: Establishment Labs Holdings Inc is a medical technology company engaged in offering medical devices and aesthetic products. It is involved in the designing, manufacturing, and marketing silicone-filled breast and body shaping implants. The company markets its products under Motiva implants Brand. It distributes its products to medical distributors; and physicians, hospitals, and clinics in the form of direct sales. Its geographical segments are Europe, Latin America, Asia-Pacific/Middle East, and Others.

Employees: 933

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

29% more first-time investments, than exits

New positions opened: 31 | Existing positions closed: 24

17% more funds holding in top 10

Funds holding in top 10: 6 [Q2] → 7 (+1) [Q3]

15% more repeat investments, than reductions

Existing positions increased: 39 | Existing positions reduced: 34

6% more funds holding

Funds holding: 122 [Q2] → 129 (+7) [Q3]

11.49% less ownership

Funds ownership: 97.93% [Q2] → 86.44% (-11.49%) [Q3]

15% less capital invested

Capital invested by funds: $1.22B [Q2] → $1.04B (-$179M) [Q3]

23% less call options, than puts

Call options by funds: $13M | Put options by funds: $16.9M

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $50 25% upside
• Avg. target: $58 44% upside
• High target: $65 62% upside

2 analyst ratings

• positive: 1 50%
• neutral: 1 50%
• negative: 0 0%

BTIG Marie Thibault 85% 1-year accuracy 11 / 13 met price target	62% upside $65	Buy Maintained	14 Oct 2024
Citigroup Joanne Wuensch 55% 1-year accuracy 26 / 47 met price target	25% upside $50	Neutral Maintained	1 Oct 2024