Inari Medical (NARI) Stock Forecast, Price & News

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Inari Medical in the last twelve months. There are currently 1 hold rating and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" NARI shares.
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7 brokerages have issued twelve-month target prices for Inari Medical's shares. Their NARI share price forecasts range from $65.00 to $100.00. On average, they predict the company's stock price to reach $85.22 in the next year. This suggests a possible upside of 34.1% from the stock's current price.
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Inari Medical's stock was trading at $63.56 at the start of the year. Since then, NARI shares have decreased by 0.0% and is now trading at $63.55.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
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Inari Medical, Inc. (NASDAQ:NARI) posted its quarterly earnings results on Wednesday, August, 2nd. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.18. The firm had revenue of $119.01 million for the quarter, compared to the consensus estimate of $116.67 million. Inari Medical had a negative trailing twelve-month return on equity of 3.80% and a negative net margin of 3.66%. The business's quarterly revenue was up 28.3% on a year-over-year basis. During the same quarter last year, the business earned ($0.19) EPS.

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), SPDR S&P Health Care Equipment ETF (XHE), Invesco S&P MidCap 400 Pure Growth ETF (RFG), Principal Healthcare Innovators ETF (BTEC) and IQ Healthy Hearts ETF (HART).iShares U.S. Medical Devices ETF (IHI).

Inari Medical issued an update on its FY 2023 earnings guidance on Wednesday, August, 2nd. The company provided EPS guidance of for the period. The company issued revenue guidance of $482.00 million-$492.00 million, compared to the consensus revenue estimate of $483.82 million.

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).

(NARI) raised $110 million in an initial public offering (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.

Inari Medical trades on the NASDAQ under the ticker symbol "NARI."

Inari Medical's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (11.13%), Franklin Resources Inc. (4.74%), Alliancebernstein L.P. (4.02%), State Street Corp (3.09%), Brown Advisory Inc. (2.45%) and Credit Suisse AG (2.07%). Insiders that own company stock include Andrew Hykes, Ansbert Gadicke, Donald B Milder, Gilde Healthcare Cooperatieve, Kirk G Nielsen, Mitch C Hill, Mitch C Hill, Presidio Management Group X Ll, Stanley Tang, Thomas Tu and William Hoffman.
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Shares of NARI 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 NARI stock can currently be purchased for approximately $63.55.

Inari Medical (NASDAQ:NARI) has a market capitalization of $3.64 billion and generates $383.47 million in revenue each year. The company earns $-29,270,000.00 in net income (profit) each year or ($0.30) on an earnings per share basis.

The company employs 1,100 workers across the globe.

Inari Medical's mailing address is 9 Parker Suite 100, Irvine CA, 92618. The official website for the company is www.inarimedical.com. The company can be reached via phone at 877-923-4747 or via email at ir@inarimedical.com.