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Entellus Medical Case Summary

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• The lockup period for Entellus Medical (NASDAQ: ENTL) expires on 8/24/15, adjusted for earnings on 8/7/15. • When the lockup period expires, major shareholders and company insiders are eligible to trade shares of the company. • Investors can expect Entellus Medical’s stock price to rise a few days prior to the lockup expiration. • Zack’s recently downgraded the share price from a buy to a hold, while analysts at Canaccord Genuity continue to keep a buy rating on the stock with a price target of $27 per share. Out of five analysts polled, four of the five place a buy recommendation on the stock with a price target of $26 to $27 per share. Company Overview Entellus Medical is a biotechnology company specializing in the treatment of acute sinusitis. The company’s primary …show more content…

The company’s IPO price target was $17 to $19 per share, so the company’s share price continues to trade well above the IPO price. Investors may see a bump in the share price once company insiders and institutional shareholders begin trading their shares. Top-Level Management Brain Farley is the chief executive officer of Entellus Medical, a position he has held since 2010. Since 2008, Mr. Farley has served on the board of directors and in 2014 he was elected chairman of the board. Mr. Farley has extensive experience in the biotechnology industry, holding a B.S. in Biomedical Engineering and a Masters in Electrical Engineering, and he served in executive management positions with Eli Lilly, VNUS Medical Technologies and Guidant Corporation. Robert White is the President and chief operating officer, a position he has held since 2014. Mr. White’s previous experience in biotechnology includes positions with Eli Lilly, Medtronic and YTRX Inc. Mr. White’s education includes a Bachelor’s of Science in Aerospace Engineering and an M.B.A. in

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