Intuitive Surgical, Inc. (NASDAQ:ISRG) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• Intuitive Surgical, Inc. has been rated as a "Moderate Buy" by twenty brokerages, with one sell rating, six hold ratings, and thirteen buy ratings.
• The average 12-month price target for the stock is $595.95, with several brokerages recently raising their price targets for the company.
• Insider selling has occurred recently, with significant transactions reported, including one insider reducing their ownership by 59.69%.

Intuitive Surgical, Inc. (NASDAQ:ISRG - Get Free Report) has been given an average rating of "Moderate Buy" by the twenty brokerages that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $595.9524.

Several research firms have weighed in on ISRG. Piper Sandler reiterated an "overweight" rating and set a $595.00 price objective (up previously from $575.00) on shares of Intuitive Surgical in a research report on Wednesday, July 23rd. Wells Fargo & Company raised their price target on Intuitive Surgical from $559.00 to $599.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Erste Group Bank restated a "hold" rating on shares of Intuitive Surgical in a research report on Wednesday, July 23rd. Wall Street Zen upgraded Intuitive Surgical from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Finally, UBS Group raised their price target on Intuitive Surgical from $547.00 to $585.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd.

Insider Buying and Selling

In related news, insider Gary S. Guthart sold 29,360 shares of the firm's stock in a transaction on Friday, August 29th. The stock was sold at an average price of $472.49, for a total value of $13,872,306.40. Following the transaction, the insider owned 19,827 shares in the company, valued at approximately $9,368,059.23. This trade represents a 59.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Myriam Curet sold 4,500 shares of Intuitive Surgical stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $492.48, for a total value of $2,216,160.00. Following the completion of the transaction, the executive vice president owned 353 shares in the company, valued at approximately $173,845.44. This represents a 92.73% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 45,224 shares of company stock worth $21,716,492. Company insiders own 0.70% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Chilton Capital Management LLC grew its position in Intuitive Surgical by 614.3% in the first quarter. Chilton Capital Management LLC now owns 50 shares of the medical equipment provider's stock valued at $25,000 after acquiring an additional 43 shares during the last quarter. Tobam grew its position in Intuitive Surgical by 666.7% in the second quarter. Tobam now owns 46 shares of the medical equipment provider's stock valued at $25,000 after acquiring an additional 40 shares during the last quarter. Global Financial Private Client LLC grew its position in Intuitive Surgical by 253.3% in the first quarter. Global Financial Private Client LLC now owns 53 shares of the medical equipment provider's stock valued at $26,000 after acquiring an additional 38 shares during the last quarter. Elite Financial Inc. bought a new position in Intuitive Surgical in the first quarter valued at about $26,000. Finally, Kilter Group LLC bought a new position in Intuitive Surgical in the second quarter valued at about $27,000. Institutional investors own 83.64% of the company's stock.

Intuitive Surgical Price Performance

ISRG stock opened at $470.00 on Tuesday. The stock has a market capitalization of $168.49 billion, a price-to-earnings ratio of 65.55, a PEG ratio of 4.89 and a beta of 1.61. The business's fifty day moving average price is $492.53 and its two-hundred day moving average price is $511.22. Intuitive Surgical has a fifty-two week low of $425.00 and a fifty-two week high of $616.00.

Intuitive Surgical (NASDAQ:ISRG - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The medical equipment provider reported $2.19 earnings per share for the quarter, topping the consensus estimate of $1.93 by $0.26. The firm had revenue of $2.44 billion for the quarter, compared to analysts' expectations of $2.35 billion. Intuitive Surgical had a return on equity of 14.56% and a net margin of 28.51%.The company's quarterly revenue was up 21.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.78 EPS. Research analysts expect that Intuitive Surgical will post 6.43 EPS for the current year.

Intuitive Surgical Company Profile

Intuitive Surgical, Inc develops, manufactures, and markets products that enable physicians and healthcare providers to enhance the quality of and access to minimally invasive care in the United States and internationally. The company offers the da Vinci Surgical System that enables complex surgery using a minimally invasive approach; and Ion endoluminal system, which extends its commercial offerings beyond surgery into diagnostic procedures enabling minimally invasive biopsies in the lung.

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