Mizuho Issues Positive Forecast for Insmed (NASDAQ:INSM) Stock Price

Insmed (NASDAQ:INSMFree Report) had its price target hoisted by Mizuho from $204.00 to $206.00 in a research note published on Wednesday,Benzinga reports. They currently have an outperform rating on the biopharmaceutical company’s stock.

Several other analysts have also commented on the company. Bank of America raised their price objective on Insmed from $211.00 to $213.00 and gave the company a “buy” rating in a report on Tuesday. Citigroup reiterated an “outperform” rating on shares of Insmed in a research report on Thursday, December 18th. Leerink Partners lifted their price target on shares of Insmed from $210.00 to $215.00 and gave the company an “outperform” rating in a research note on Tuesday. Barclays began coverage on shares of Insmed in a research note on Tuesday, January 27th. They issued an “overweight” rating and a $231.00 price target on the stock. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Insmed in a research report on Thursday, January 22nd. Three research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Insmed has a consensus rating of “Buy” and an average price target of $209.48.

View Our Latest Analysis on Insmed

Insmed Trading Up 6.6%

Shares of Insmed stock opened at $148.31 on Wednesday. The firm has a 50-day simple moving average of $150.68 and a two-hundred day simple moving average of $166.11. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.54 and a current ratio of 3.83. Insmed has a fifty-two week low of $60.40 and a fifty-two week high of $212.75. The company has a market cap of $31.97 billion, a P/E ratio of -23.14 and a beta of 1.13.

Insmed (NASDAQ:INSMGet Free Report) last posted its earnings results on Thursday, February 19th. The biopharmaceutical company reported ($1.54) EPS for the quarter, missing analysts’ consensus estimates of ($1.07) by ($0.47). Insmed had a negative net margin of 210.54% and a negative return on equity of 168.36%. The business had revenue of $263.84 million for the quarter, compared to analyst estimates of $263.97 million. During the same quarter last year, the business earned ($1.32) earnings per share. Insmed’s revenue was up 152.6% on a year-over-year basis. As a group, equities analysts predict that Insmed will post -4.56 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO William Lewis sold 19,215 shares of the business’s stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $169.00, for a total transaction of $3,247,335.00. Following the completion of the sale, the chief executive officer directly owned 306,891 shares in the company, valued at approximately $51,864,579. The trade was a 5.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Orlov S. Nicole Schaeffer sold 87,290 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $175.20, for a total value of $15,293,208.00. Following the sale, the insider owned 41,754 shares of the company’s stock, valued at $7,315,300.80. The trade was a 67.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 189,651 shares of company stock valued at $31,533,654 in the last three months. Insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On Insmed

Several institutional investors and hedge funds have recently added to or reduced their stakes in INSM. CoreCap Advisors LLC purchased a new stake in shares of Insmed during the fourth quarter worth $27,000. Reflection Asset Management purchased a new stake in Insmed during the 4th quarter valued at about $30,000. GraniteShares Advisors LLC purchased a new stake in Insmed during the 4th quarter valued at about $30,000. CIBC Private Wealth Group LLC raised its holdings in Insmed by 42.1% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 179 shares of the biopharmaceutical company’s stock valued at $26,000 after acquiring an additional 53 shares during the last quarter. Finally, Raiffeisen Bank International AG purchased a new position in Insmed in the 4th quarter worth approximately $32,000.

Insmed News Summary

Here are the key news stories impacting Insmed this week:

Insmed Company Profile

(Get Free Report)

Insmed Incorporated is a biopharmaceutical company focused on developing and commercializing therapies for patients with rare and serious diseases, with a particular emphasis on difficult-to-treat pulmonary infections. Headquartered in Bridgewater, New Jersey, the company concentrates its research and development efforts on targeted drug delivery technologies and novel formulations intended to improve clinical outcomes for patients who have limited treatment options.

The company’s principal marketed product is ARIKAYCE (amikacin liposome inhalation suspension), an inhaled liposomal formulation of the antibiotic amikacin that is approved by the U.S.

Further Reading

Analyst Recommendations for Insmed (NASDAQ:INSM)

Receive News & Ratings for Insmed Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Insmed and related companies with MarketBeat.com's FREE daily email newsletter.