Insulet (PODD) Stock Forecast, Price & News

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Insulet in the last year. There are currently 7 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" PODD shares.
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16 brokers have issued twelve-month price targets for Insulet's shares. Their PODD share price forecasts range from $208.00 to $350.00. On average, they expect the company's share price to reach $281.93 in the next twelve months. This suggests a possible upside of 79.6% from the stock's current price.
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Insulet's stock was trading at $294.39 at the beginning of the year. Since then, PODD shares have decreased by 46.7% and is now trading at $156.97.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our PODD earnings forecast.

Insulet Co. (NASDAQ:PODD) announced its quarterly earnings results on Tuesday, August, 8th. The medical instruments supplier reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.14. The medical instruments supplier earned $396.50 million during the quarter, compared to analysts' expectations of $383.97 million. Insulet had a trailing twelve-month return on equity of 22.42% and a net margin of 4.29%.

ETFs with the largest weight of Insulet (NASDAQ:PODD) stock in their portfolio include Fidelity Digital Health ETF (FDHT), First Trust Nasdaq Lux Digital Health Solutions ETF (EKG), Goldman Sachs Future Health Care Equity ETF (GDOC), Invesco Focused Discovery Growth ETF (IVDG), Harbor Health Care ETF (MEDI), VictoryShares Nasdaq Next 50 ETF (QQQN), Fidelity Disruptive Medicine ETF (FMED) and Nuveen ESG Mid-Cap Growth ETF (NUMG).

Insulet issued an update on its third quarter 2023 earnings guidance on Tuesday, August, 8th. The company provided EPS guidance of for the period. The company issued revenue guidance of $402.14 million-$412.37 million, compared to the consensus revenue estimate of $400.90 million.

61 employees have rated Insulet Chief Executive Officer Shacey Petrovic on Glassdoor.com. Shacey Petrovic has an approval rating of 55% among the company's employees. This puts Shacey Petrovic in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Insulet investors own include NVIDIA (NVDA), DexCom (DXCM), Netflix (NFLX), Alibaba Group (BABA), Tesla (TSLA), Block (SQ), Walt Disney (DIS), Salesforce (CRM), Roku (ROKU) and Trade Desk (TTD).

Insulet trades on the NASDAQ under the ticker symbol "PODD."

Insulet's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Capital Research Global Investors (7.42%), Capital World Investors (4.81%), Clearbridge Investments LLC (2.25%), Geode Capital Management LLC (2.20%), D1 Capital Partners L.P. (1.04%) and Northern Trust Corp (0.91%). Insiders that own company stock include Bret Christensen, Charles Alpuche, Dan Manea, James Hollingshead, John A Fallon, Luciana Borio, Michael P Spears, Prem Singh, Sally Crawford, Shacey Petrovic and Wayde D Mcmillan.
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Shares of PODD 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 PODD stock can currently be purchased for approximately $156.97.

Insulet (NASDAQ:PODD) has a market capitalization of $10.96 billion and generates $1.31 billion in revenue each year. The medical instruments supplier earns $4.60 million in net income (profit) each year or $0.89 on an earnings per share basis.

The company employs 2,600 workers across the globe.

Insulet's mailing address is 100 NAGOG PARK, ACTON MA, 01720. The official website for the company is www.insulet.com. The medical instruments supplier can be reached via phone at (978) 600-7000, via email at ir@insulet.com, or via fax at 978-600-0120.