Establishment Labs (ESTA)

• Market cap: $1.11B
• 1 day: 0.86%
• 5 days: -2.40%
• 1 month: 7.09%
• 3 months: 7.52%
• 6 months: -18.61%
• Year to date: -17.31%
• 1 year: -16.28%
• 5 years: 120.75%
• 10 years: 51.27%
• Sector: Healthcare
• Industry: Medical Devices

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 of 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: 1,034

Fund manager confidence

Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)

106% more first-time investments, than exits

New positions opened: 35 | Existing positions closed: 17

104% more call options, than puts

Call options by funds: $49.4M | Put options by funds: $24.2M

61% more repeat investments, than reductions

Existing positions increased: 45 | Existing positions reduced: 28

13% more funds holding

Funds holding: 120 [Q4 2024] → 135 (+15) [Q1 2025]

13% more funds holding in top 10

Funds holding in top 10: 8 [Q4 2024] → 9 (+1) [Q1 2025]

0.39% less ownership

Funds ownership: 91.95% [Q4 2024] → 91.56% (-0.39%) [Q1 2025]

11% less capital invested

Capital invested by funds: $1.22B [Q4 2024] → $1.08B (-$139M) [Q1 2025]

Research analyst outlook

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

• Low target: $48 28% upside
• Avg. target: $48 28% upside
• High target: $48 28% upside

1 analyst rating

• positive: 1 100%
• neutral: 0 0%
• negative: 0 0%

Needham Mike Matson

28% upside $48

Buy Reiterated

13 Jun 2025