Should I buy or sell Inari Medical stock right now?

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Inari Medical in the last twelve months. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" NARI shares. View NARI analyst ratings or view top-rated stocks .

What is Inari Medical's stock price target for 2024?

6 brokerages have issued twelve-month price objectives for Inari Medical's stock. Their NARI share price targets range from $52.00 to $100.00. On average, they expect the company's stock price to reach $73.71 in the next year. This suggests a possible upside of 89.8% from the stock's current price. View analysts price targets for NARI or view top-rated stocks among Wall Street analysts .

How have NARI shares performed in 2024?

Inari Medical's stock was trading at $64.92 at the start of the year. Since then, NARI stock has decreased by 40.2% and is now trading at $38.84. View the best growth stocks for 2024 here .

When is Inari Medical's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024. View our NARI earnings forecast .

How were Inari Medical's earnings last quarter?

Inari Medical, Inc. (NASDAQ:NARI) posted its quarterly earnings data on Wednesday, February, 28th. The company reported ($0.08) EPS for the quarter, missing analysts' consensus estimates of $0.01 by $0.09. The company had revenue of $132.10 million for the quarter, compared to the consensus estimate of $131.82 million. Inari Medical had a negative net margin of 0.33% and a positive trailing twelve-month return on equity of 1.23%. The company's revenue was up 22.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.11) EPS.

What ETFs hold Inari Medical's stock?

ETFs with the largest weight of Inari Medical (NASDAQ:NARI) stock in their portfolio include MFAM Small-Cap Growth ETF (MFMS) , Motley Fool Small-Cap Growth ETF (TMFS) , Invesco S&P SmallCap Health Care ETF (PSCH) , SPDR S&P Health Care Equipment ETF (XHE) , Principal Healthcare Innovators ETF (BTEC) and IQ Healthy Hearts ETF (HART) . iShares U.S. Medical Devices ETF (IHI) .

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

Inari Medical updated its FY 2024 earnings guidance on Wednesday, February, 28th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $580.0 million-$595.0 million, compared to the consensus revenue estimate of $588.3 million.

What other stocks do shareholders of Inari Medical own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Inari Medical investors own include NVIDIA (NVDA) , Home Depot (HD) , CVS Health (CVS) , QUALCOMM (QCOM) , Thermo Fisher Scientific (TMO) , Johnson & Johnson (JNJ) , Alibaba Group (BABA) , Procter & Gamble (PG) and Bristol-Myers Squibb (BMY) .

When did Inari Medical IPO?

Inari Medical (NARI) raised $110 million in an IPO on Friday, May 22nd 2020. The company issued 7,300,000 shares at $14.00-$16.00 per share. BofA Securities and Morgan Stanley served as the underwriters for the IPO and Canaccord Genuity and Wells Fargo Securities were co-managers.

How do I buy shares of Inari Medical?

Shares of NARI 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 .

NASDAQ:NARI

Inari Medical (NARI) Stock Price, News & Analysis

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Free NARI Stock Alerts

$39.51

+0.02 (+0.05%)

(As of 12:33 PM ET)

Compare

Today's Range: $38.35
▼
$39.52
50-Day Range: $39.49
▼
$59.03
52-Week Range: $38.35
▼
$71.85

Volume: 368,743 shs
Average Volume: 1.13 million shs
Market Capitalization: $2.29 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $73.71

Get Inari Medical alerts:

Inari Medical MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.67 Rating Score
Upside/Downside: 89.8% Upside
$73.71 Price Target
Short Interest: Bearish
8.06% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.24
Based on 8 Articles This Week
Insider Trading: Selling Shares
$1.65 M Sold Last Quarter
Proj. Earnings Growth: Growing
From ($0.39) to $0.37 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.

2.11 out of 5 stars

Medical Sector

576th out of 930 stocks

Surgical & Medical Instruments Industry

62nd out of 99 stocks

3.3

Analyst's Opinion

Consensus Rating
Inari Medical has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 4 buy ratings, 2 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Inari Medical has only been the subject of 4 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
8.06% of the float of Inari Medical has been sold short.
Short Interest Ratio / Days to Cover
Inari Medical has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Inari Medical has recently increased by 11.45%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Inari Medical does not currently pay a dividend.
Dividend Growth
Inari Medical does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for NARI.

1.8

News and Social Media Coverage

News Sentiment
Inari Medical has a news sentiment score of 0.24. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.66 average news sentiment score of Medical companies.
News Coverage This Week
MarketBeat has tracked 8 news articles for Inari Medical this week, compared to 4 articles on an average week.
Search Interest
Only 5 people have searched for NARI on MarketBeat in the last 30 days. This is a decrease of -44% compared to the previous 30 days.
MarketBeat Follows
Only 2 people have added Inari Medical to their MarketBeat watchlist in the last 30 days. This is a decrease of -67% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Inari Medical insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,645,200.00 in company stock.
Percentage Held by Insiders
10.60% of the stock of Inari Medical is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
90.98% of the stock of Inari Medical is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Inari Medical are expected to grow in the coming year, from ($0.39) to $0.37 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Inari Medical is -1,294.67, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Inari Medical is -1,294.67, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Inari Medical has a P/B Ratio of 4.81. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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About Inari Medical Stock (NASDAQ:NARI)

Inari Medical, Inc. builds minimally invasive, novel, and catheter-based mechanical thrombectomy devices and accessories for the specific disease states in the United States. The company provides ClotTriever system, which is designed to core, capture, and remove large clots from large vessels for treatment of deep vein thrombosis and peripheral thrombus; FlowTriever system, a large bore catheter-based aspiration and mechanical thrombectomy system to remove large clots from large vessels in the peripheral vasculature for treating pulmonary embolism and other complex venous thromboembolism cases; InThrill system to treat small vessel thrombosis; and LimFlow system for patients who have chronic limb-threatening ischemia with no suitable endovascular or surgical revascularization options and risk of major amputation. It serves interventional radiologists, interventional cardiologists, and vascular surgeons. The company was formerly known as Inceptus Newco1 Inc. and changed its name to Inari Medical, Inc. in September 2013. Inari Medical, Inc. was incorporated in 2011 and is headquartered in Irvine, California.

NARI Stock Price History

30 days | 90 days | 365 days | Advanced Chart

NARI Stock News Headlines

March 21, 2024 | insidertrades.com

Insider Selling: Inari Medical, Inc. (NASDAQ:NARI) Director Sells 40,000 Shares of Stock

April 14, 2024 | americanbankingnews.com

Inari Medical's (NARI) Buy Rating Reiterated at Canaccord Genuity Group

April 16, 2024 | Traders Agency (Ad)

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April 11, 2024 | globenewswire.com

Inari Medical Announces the Release of 2023 Ethos and Sustainability Report

April 10, 2024 | markets.businessinsider.com

Elucent Medical Secures Series C Funding to Advance Oncologic Surgery Innovation

April 7, 2024 | americanbankingnews.com

Inari Medical, Inc. (NASDAQ:NARI) Receives Average Recommendation of "Moderate Buy" from Analysts

April 2, 2024 | globenewswire.com

Inari Medical Strengthens Senior Leadership Team with Addition of Two Executives

March 30, 2024 | msn.com

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March 25, 2024 | marketwatch.com

Inari Medical Shares Gain After Index Move

March 23, 2024 | morningstar.com

Inari Medical, Inc. (NARI) Plummets on News of DOJ Investigation – Hagens Berman

March 22, 2024 | markets.businessinsider.com

Forecasting The Future: 7 Analyst Projections For Inari Medical

March 20, 2024 | finance.yahoo.com

Director William Hoffman Sells 40,000 Shares of Inari Medical Inc (NARI)

March 20, 2024 | stockhouse.com

SHAREHOLDER ALERT: Kaskela Law LLC Announces Investigation of Inari Medical, Inc. (NARI) and Encourages Investors with Losses to Contact the Firm

March 19, 2024 | finance.yahoo.com

NARI Apr 2024 65.000 call

March 19, 2024 | prnewswire.com

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Inari Medical, Inc.- NARI

March 16, 2024 | investing.com

Inari Medical CFO sells shares worth over $250k

March 16, 2024 | finanznachrichten.de

Inari Medical, Inc.: Inari Medical Announces Interim Two-Year Results from the ClotTriever CLOUT Registry

March 12, 2024 | globenewswire.com

Inari Medical Announces Interim Two-Year Results from the ClotTriever CLOUT Registry

March 12, 2024 | prnewswire.com

NARI INVESTOR NOTICE: ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Inari Medical, Inc. Investors to Inquire About Securities Class Action Investigation - NARI

March 12, 2024 | prnewswire.com

Inari Medical Investigation: Kessler Topaz Meltzer & Check, LLP Investigates The Inari Medical, Inc. (NASDAQ: NARI) for Potential Securities Violations

March 11, 2024 | businesswire.com

Inari Medical, Inc. (NARI) Investigation: Bronstein, Gewirtz & Grossman, LLC Encourages Investors to Seek Compensation for Alleged Wrongdoings

March 11, 2024 | businesswire.com

Inari Medical, Inc. (NARI) Investigation: Bronstein, Gewirtz & Grossman, LLC Encourages Investors to Seek Compensation for Alleged Wrongdoings

March 7, 2024 | markets.businessinsider.com

Inari Medical, Inc. (NARI) Plummets on News of DOJ Investigation - Hagens Berman

March 6, 2024 | businesswire.com

Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of Inari Medical, Inc. (NARI) on Behalf of Investors

March 6, 2024 | stockhouse.com

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Inari Medical, Inc.- NARI

March 6, 2024 | tmcnet.com

Inari Medical, Inc. (NARI) Investigation: Bronstein, Gewirtz & Grossman, LLC Encourages Investors to Seek Compensation for Alleged Wrongdoings

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Company Calendar

Last Earnings: 2/28/2024
Today: 4/16/2024
Next Earnings (Estimated): 5/01/2024
Fiscal Year End: 12/31/2024

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Medical
Industry: Surgical & medical instruments
Sub-Industry: N/A
Current Symbol: NASDAQ:NARI
CUSIP: N/A
CIK: 1531048
Web: www.inarimedical.com
Phone: 877-923-4747
Fax: N/A
Employees: 1,300
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $73.71
High Stock Price Target: $100.00
Low Stock Price Target: $52.00
Potential Upside/Downside: +86.7%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.67
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.03)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-1,640,000.00
Net Margins: -0.33%
Pretax Margin: 0.86%
Return on Equity: 1.23%
Return on Assets: 0.97%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 3.09
Quick Ratio: 2.52

Sales & Book Value

Annual Sales: $493.63 million
Price / Sales: 4.64
Cash Flow: $0.09 per share
Price / Cash Flow: 462.49
Book Value: $8.07 per share
Price / Book: 4.89

Miscellaneous

Outstanding Shares: 57,960,000
Free Float: 51,817,000
Market Cap: $2.29 billion
Optionable: Optionable
Beta: 0.84

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Key Executives

Mr. Andrew J. Hykes (Age 50)
CEO, President & Director
Comp: $1.54M
Mr. Mitchell C. Hill (Age 65)
Chief Financial Officer
Comp: $864.63k
Dr. Thomas M. Tu M.D. (Age 51)
Chief Medical Officer
Comp: $865.63k
Mr. Paul A. Koehn (Age 61)
Senior Vice President of Operations
Mr. Kevin Strange
Senior Vice President of Finance, Accounting, Strategy & Business Development
Mr. John Hsu C.F.A.
Vice President of Investor Relations
Ms. Angela Ahmad
General Counsel & Secretary
Mr. Eric Khairy
Senior Vice President of Marketing
Mr. John R. Borrell (Age 57)
Senior Vice President of Sales
Ms. Tara Dunn
Senior VP & GM of LimFlow

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

NARI Stock Analysis - Frequently Asked Questions

Should I buy or sell Inari Medical stock right now?: 6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Inari Medical in the last twelve months. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" NARI shares.
View NARI analyst ratings or view top-rated stocks.
What is Inari Medical's stock price target for 2024?: 6 brokerages have issued twelve-month price objectives for Inari Medical's stock. Their NARI share price targets range from $52.00 to $100.00. On average, they expect the company's stock price to reach $73.71 in the next year. This suggests a possible upside of 89.8% from the stock's current price.
View analysts price targets for NARI or view top-rated stocks among Wall Street analysts.
How have NARI shares performed in 2024?: Inari Medical's stock was trading at $64.92 at the start of the year. Since then, NARI stock has decreased by 40.2% and is now trading at $38.84.
View the best growth stocks for 2024 here.
When is Inari Medical's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our NARI earnings forecast.
How were Inari Medical's earnings last quarter?: Inari Medical, Inc. (NASDAQ:NARI) posted its quarterly earnings data on Wednesday, February, 28th. The company reported ($0.08) EPS for the quarter, missing analysts' consensus estimates of $0.01 by $0.09. The company had revenue of $132.10 million for the quarter, compared to the consensus estimate of $131.82 million. Inari Medical had a negative net margin of 0.33% and a positive trailing twelve-month return on equity of 1.23%. The company's revenue was up 22.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.11) EPS.
What ETFs hold Inari Medical's stock?: ETFs with the largest weight of Inari Medical (NASDAQ:NARI) stock in their portfolio include MFAM Small-Cap Growth ETF (MFMS), Motley Fool Small-Cap Growth ETF (TMFS), Invesco S&P SmallCap Health Care ETF (PSCH), SPDR S&P Health Care Equipment ETF (XHE), Principal Healthcare Innovators ETF (BTEC) and IQ Healthy Hearts ETF (HART).iShares U.S. Medical Devices ETF (IHI).

What guidance has Inari Medical issued on next quarter's earnings?: Inari Medical updated its FY 2024 earnings guidance on Wednesday, February, 28th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $580.0 million-$595.0 million, compared to the consensus revenue estimate of $588.3 million.
What other stocks do shareholders of Inari Medical own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Inari Medical investors own include NVIDIA (NVDA), Home Depot (HD), CVS Health (CVS), QUALCOMM (QCOM), Thermo Fisher Scientific (TMO), Johnson & Johnson (JNJ), Alibaba Group (BABA), Procter & Gamble (PG) and Bristol-Myers Squibb (BMY).
When did Inari Medical IPO?: Inari Medical (NARI) raised $110 million in an IPO on Friday, May 22nd 2020. The company issued 7,300,000 shares at $14.00-$16.00 per share. BofA Securities and Morgan Stanley served as the underwriters for the IPO and Canaccord Genuity and Wells Fargo Securities were co-managers.
How do I buy shares of Inari Medical?: Shares of NARI 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 (NASDAQ:NARI) was last updated on 4/16/2024 by MarketBeat.com Staff

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Inari Medical (NARI) Stock Price, News & Analysis

Inari Medical MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Inari Medical Stock (NASDAQ:NARI)

NARI Stock Price History

NARI Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

NARI Stock Analysis - Frequently Asked Questions

Overall MarketRank^™