Abiomed - ABMD Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Abiomed in the last twelve months. There are currently 6 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" ABMD shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ABMD, but not buy additional shares or sell existing shares.
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7 equities research analysts have issued 12-month price objectives for Abiomed's shares. Their ABMD share price forecasts range from $300.00 to $388.00. On average, they predict the company's share price to reach $350.50 in the next twelve months. This suggests that the stock has a possible downside of 7.2%.
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Abiomed's stock was trading at $359.17 on January 1st, 2022. Since then, ABMD shares have increased by 5.2% and is now trading at $377.78.
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Abiomed saw a decline in short interest during the month of November. As of November 15th, there was short interest totaling 667,400 shares, a decline of 67.9% from the October 31st total of 2,080,000 shares. Based on an average daily volume of 833,800 shares, the days-to-cover ratio is currently 0.8 days. Approximately 1.5% of the company's shares are short sold.
View Abiomed's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 2nd 2023.
View our ABMD earnings forecast.

Abiomed, Inc. (NASDAQ:ABMD) issued its earnings results on Wednesday, October, 27th. The medical equipment provider reported $1.03 EPS for the quarter, beating analysts' consensus estimates of $0.98 by $0.05. The medical equipment provider had revenue of $248.10 million for the quarter, compared to analysts' expectations of $248.06 million. Abiomed had a trailing twelve-month return on equity of 14.77% and a net margin of 24.84%. The company's revenue was up 18.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.01 EPS.
Read the conference call transcript.

96 employees have rated Abiomed Chief Executive Officer Michael R. Minogue on Glassdoor.com. Michael R. Minogue has an approval rating of 72% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Abiomed investors own include NVIDIA (NVDA), Micron Technology (MU), Alibaba Group (BABA), Align Technology (ALGN), Arista Networks (ANET), Intuitive Surgical (ISRG), Block (SQ), Netflix (NFLX), Adobe (ADBE) and Salesforce (CRM).

Abiomed trades on the NASDAQ under the ticker symbol "ABMD."

Abiomed's stock is owned by many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (11.69%), BlackRock Inc. (10.11%), Baillie Gifford & Co. (7.94%), State Street Corp (4.59%), Primecap Management Co. CA (3.34%) and Renaissance Technologies LLC (2.81%). Insiders that own company stock include Andrew J Greenfield, David M Weber, Dorothy E Puhy, Joseph Riccelli, Magdalena Yesil, Marc A Began, Martin P Sutter, Matthew T Plano, Michael R Minogue, Michael R Minogue, Paul Thomas and Todd A Trapp.
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Shares of ABMD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ABMD stock can currently be purchased for approximately $377.78.

Abiomed (NASDAQ:ABMD) has a market capitalization of $17.03 billion and generates $1.03 billion in revenue each year. The medical equipment provider earns $136.51 million in net income (profit) each year or $5.82 on an earnings per share basis.

The company employs 2,003 workers across the globe.

Abiomed's mailing address is 22 CHERRY HILL DR, DANVERS MA, 01923. The official website for the company is www.abiomed.com. The medical equipment provider can be reached via phone at (978) 646-1400, via email at ir@abiomed.com, or via fax at 978-777-8411.