Inspire Medical Systems (INSP) Stock Price, News & Analysis

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Inspire Medical Systems in the last twelve months. There are currently 4 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" INSP shares.
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14 brokerages have issued 12-month price targets for Inspire Medical Systems' shares. Their INSP share price targets range from $159.00 to $371.00. On average, they predict the company's share price to reach $272.20 in the next year. This suggests a possible upside of 16.3% from the stock's current price.
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Inspire Medical Systems' stock was trading at $203.43 at the beginning of 2024. Since then, INSP stock has increased by 15.1% and is now trading at $234.07.
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Inspire Medical Systems saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 2,080,000 shares, an increase of 11.2% from the March 15th total of 1,870,000 shares. Based on an average daily volume of 488,200 shares, the days-to-cover ratio is currently 4.3 days.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
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Inspire Medical Systems will be holding an earnings conference call on Tuesday, May 7th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

Inspire Medical Systems, Inc. (NYSE:INSP) released its quarterly earnings data on Tuesday, February, 6th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.53. The business earned $192.51 million during the quarter, compared to analysts' expectations of $186.75 million. Inspire Medical Systems had a negative trailing twelve-month return on equity of 3.93% and a negative net margin of 3.39%. The firm's revenue for the quarter was up 39.6% compared to the same quarter last year. During the same period last year, the business earned $0.10 EPS.

ETFs with the largest weight of Inspire Medical Systems (NYSE:INSP) stock in their portfolio include First Trust Nasdaq Lux Digital Health Solutions ETF (EKG), Harbor Health Care ETF (MEDI), Fidelity Digital Health ETF (FDHT), Fidelity Disruptive Medicine ETF (FMED), BNY Mellon Innovators ETF (BKIV), Principal Healthcare Innovators ETF (BTEC), SPDR S&P Health Care Equipment ETF (XHE) and WisdomTree U.S. Growth & Momentum Fund (WGRO).

Inspire Medical Systems updated its FY 2024 earnings guidance on Tuesday, February, 27th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $775.0 million-$785.0 million, compared to the consensus revenue estimate of $780.3 million.

2 employees have rated Inspire Medical Systems Chief Executive Officer Tim Herbert on Glassdoor.com. Tim Herbert has an approval rating of 100% among the company's employees. This puts Tim Herbert in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Inspire Medical Systems investors own include Advanced Micro Devices (AMD), NVIDIA (NVDA), Cisco Systems (CSCO), Bank of America (BAC), DocuSign (DOCU), Pfizer (PFE), Block (SQ), Zynga (ZNGA), CrowdStrike (CRWD) and Johnson & Johnson (JNJ).

Inspire Medical Systems (INSP) raised $75 million in an initial public offering (IPO) on Thursday, May 3rd 2018. The company issued 5,000,000 shares at a price of $14.00-$16.00 per share. BofA Merrill Lynch and Goldman Sachs acted as the underwriters for the IPO and Guggenheim Securities, Stifel and Wells Fargo Securities were co-managers.

Inspire Medical Systems' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Wasatch Advisors LP (3.64%), Allspring Global Investments Holdings LLC (0.55%), Rheos Capital Works Inc. (0.26%), Congress Asset Management Co. MA (0.05%), Massmutual Trust Co. FSB ADV (0.05%) and Private Ocean LLC (0.04%). Insiders that own company stock include Georgia Melenikiotou, Jerry C Griffin, John Rondoni, Marilyn C Nelson, Philip Ebeling, Randy Ban, Richard Buchholz, Steven Jandrich and Timothy P Herbert.
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Shares of INSP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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