NYSE:INSP

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

$227.78
+2.56 (+1.14%)
(As of 10:22 AM ET)
Today's Range
$225.75
$230.03
50-Day Range
$177.50
$243.51
52-Week Range
$123.27
$330.00
Volume
13,969 shs
Average Volume
530,759 shs
Market Capitalization
$6.90 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$272.20

Inspire Medical Systems MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.71 Rating Score
Upside/​Downside
20.9% Upside
$272.20 Price Target
Short Interest
Bearish
6.86% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.66
Upright™ Environmental Score
News Sentiment
0.93mentions of Inspire Medical Systems in the last 14 days
Based on 19 Articles This Week
Insider Trading
Selling Shares
$15.66 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.35) to $0.58 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.03 out of 5 stars

Medical Sector

165th out of 910 stocks

Surgical & Medical Instruments Industry

24th out of 96 stocks

INSP stock logo

About Inspire Medical Systems Stock (NYSE:INSP)

Inspire Medical Systems, Inc., a medical technology company, focuses on the development and commercialization of minimally invasive solutions for patients with obstructive sleep apnea (OSA) in the United States and internationally. The company offers Inspire system, a neurostimulation technology that provides a safe and effective treatment for moderate to severe OSA. It also develops a novel, closed-loop solution that continuously monitors a patient's breathing and delivers mild hypoglossal nerve stimulation to maintain an open airway. The company was incorporated in 2007 and is headquartered in Golden Valley, Minnesota.

INSP Stock Price History

INSP Stock News Headlines

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See More Headlines
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Company Calendar

Last Earnings
2/06/2024
Today
4/23/2024
Next Earnings (Confirmed)
5/07/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Medical
Industry
Surgical & medical instruments
Sub-Industry
N/A
Fax
N/A
Employees
1,011
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$272.20
High Stock Price Target
$371.00
Low Stock Price Target
$159.00
Potential Upside/Downside
+20.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.71
Research Coverage
14 Analysts

Profitability

Net Income
$-21,150,000.00
Pretax Margin
-3.19%

Debt

Sales & Book Value

Annual Sales
$624.80 million
Book Value
$19.39 per share

Miscellaneous

Free Float
29,055,000
Market Cap
$6.82 billion
Optionable
Optionable
Beta
1.37
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INSP Stock Analysis - Frequently Asked Questions

Should I buy or sell Inspire Medical Systems stock right now?

14 Wall Street 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 research analysts is that investors should "moderate buy" INSP shares.
View INSP analyst ratings
or view top-rated stocks.

What is Inspire Medical Systems' stock price target for 2024?

14 analysts have issued 1-year price objectives for Inspire Medical Systems' shares. Their INSP share price targets range from $159.00 to $371.00. On average, they predict the company's stock price to reach $272.20 in the next year. This suggests a possible upside of 20.9% from the stock's current price.
View analysts price targets for INSP
or view top-rated stocks among Wall Street analysts.

How have INSP shares performed in 2024?

Inspire Medical Systems' stock was trading at $203.43 at the beginning of 2024. Since then, INSP shares have increased by 10.7% and is now trading at $225.22.
View the best growth stocks for 2024 here
.

Are investors shorting Inspire Medical Systems?

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 trading volume of 488,200 shares, the days-to-cover ratio is presently 4.3 days.
View Inspire Medical Systems' Short Interest
.

When is Inspire Medical Systems' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
View our INSP earnings forecast
.

How can I listen to Inspire Medical Systems' earnings call?

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.

How were Inspire Medical Systems' earnings last quarter?

Inspire Medical Systems, Inc. (NYSE:INSP) announced its earnings results on Tuesday, February, 6th. The company reported $0.49 earnings per share for the quarter, beating analysts' consensus estimates of ($0.04) by $0.53. The firm had revenue of $192.51 million for the quarter, compared to analyst estimates 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%. Inspire Medical Systems's revenue was up 39.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.10 earnings per share.

What guidance has Inspire Medical Systems issued on next quarter's earnings?

Inspire Medical Systems issued an update on its FY 2024 earnings guidance on Tuesday, February, 27th. The company provided 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.

What is Tim Herbert's approval rating as Inspire Medical Systems' CEO?

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.

What other stocks do shareholders of Inspire Medical Systems own?

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).

When did Inspire Medical Systems IPO?

Inspire Medical Systems (INSP) raised $75 million in an 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 served as the underwriters for the IPO and Guggenheim Securities, Stifel and Wells Fargo Securities were co-managers.

Who are Inspire Medical Systems' major shareholders?

Inspire Medical Systems' stock is owned by many different 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.
View institutional ownership trends
.

How do I buy shares of Inspire Medical Systems?

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.
Compare Top Brokerages Here.

This page (NYSE:INSP) was last updated on 4/23/2024 by MarketBeat.com Staff

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