Insider buying in Neuronetics, Inc. (STIM) continued late in March when Jorey Chernett, identified as a ten percent owner of the company, purchased additional common shares, according to a Form 4 filing with the Securities and Exchange Commission.
The filing shows that on March 25, 2026, Chernett acquired 125,000 shares in a single transaction at prices ranging between $1.38 and $1.42, for an aggregate reported cost of $175,000. The following day, March 26, 2026, Chernett purchased another 25,000 shares at $1.44 each, adding $36,000 to the total outlay. Combined, the two trades amount to $211,000 and 150,000 newly acquired shares.
Following these purchases, the filing reports Chernett directly owns 8,893,276 shares of Neuronetics. The company’s market capitalization is reported at $92.97 million.
The insider activity occurred while the stock was changing hands near $1.45 per share and close to its 52-week low of $0.80. Platform data cited in public filings indicate the shares have fallen about 8% over the past week and roughly 51% over the last six months. An available Fair Value analysis on the same platform suggests the shares are trading near fair value.
Recent operating and financial developments
Neuronetics released fourth-quarter 2025 results that showed revenue expansion but an earnings-per-share shortfall versus expectations. The company reported revenue of $41.8 million, topping the consensus projection of $40.66 million - a 2.73% positive surprise. On the bottom line, EPS was -$0.10, missing the forecasted -$0.09, which the company’s reported figures characterize as an 11.11% negative surprise.
In addition to the quarterly results, Canaccord has revised its price target on Neuronetics, reducing it from $7.00 to $3.00 while retaining a Buy rating on the shares. The firm noted that the fourth-quarter results and guidance aligned with expectations.
On the corporate leadership front, Neuronetics named Dan Reuvers as its new chief executive officer. The company also reported that its second quarter was operationally cash flow positive.
Context and implications
These insider purchases increase Chernett’s direct holding in the company and come amid a period of mixed operating signals: revenue growth alongside an EPS miss, a sharply lower price target from an analyst, and management changes. The combination of purchase activity and recent operational updates provides shareholders with additional data points on internal stakeholder behavior and company trajectory.