Inspire Medical Systems Stock Forecast, Price & News

Inspire Medical Systems' stock was trading at $75.65 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, INSP stock has increased by 60.5% and is now trading at $121.41.
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13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Inspire Medical Systems in the last year. There are currently 1 sell rating, 3 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Inspire Medical Systems is scheduled to release its next quarterly earnings announcement on Tuesday, November 3rd 2020.
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Inspire Medical Systems (NYSE:INSP) posted its quarterly earnings results on Tuesday, August, 4th. The company reported ($0.88) earnings per share for the quarter, beating analysts' consensus estimates of ($1.08) by $0.20. The company had revenue of $12.18 million for the quarter, compared to the consensus estimate of $31.06 million. Inspire Medical Systems had a negative return on equity of 35.04% and a negative net margin of 69.69%. The firm's revenue for the quarter was down 32.4% on a year-over-year basis. During the same period in the previous year, the company posted ($0.32) earnings per share.
View Inspire Medical Systems' earnings history.

Inspire Medical Systems updated its FY 2020 After-Hours earnings guidance on Tuesday, August, 4th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $88-92 million, compared to the consensus revenue estimate of $78.47 million.

13 equities research analysts have issued 1 year target prices for Inspire Medical Systems' stock. Their forecasts range from $50.00 to $150.00. On average, they anticipate Inspire Medical Systems' stock price to reach $111.85 in the next twelve months. This suggests that the stock has a possible downside of 7.9%.
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Inspire Medical Systems saw a decrease in short interest in the month of August. As of August 31st, there was short interest totaling 1,530,000 shares, a decrease of 13.6% from the August 15th total of 1,770,000 shares. Based on an average daily volume of 325,600 shares, the days-to-cover ratio is presently 4.7 days.
View Inspire Medical Systems' Short Interest.

Some companies that are related to Inspire Medical Systems include ABIOMED (ABMD), Novocure (NVCR), Penumbra (PEN), Tandem Diabetes Care (TNDM), Irhythm Technologies (IRTC), Hill-Rom (HRC), Globus Medical (GMED), Nevro (NVRO), Haemonetics (HAE), ICU Medical (ICUI), Integra Lifesciences (IART), Inari Medical (NARI), Inovio Pharmaceuticals (INO), NuVasive (NUVA) and Shockwave Medical (SWAV).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Inspire Medical Systems investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), Bank of America (BAC), Cisco Systems (CSCO), Docusign (DOCU), Micron Technology (MU), Pfizer (PFE), Twilio (TWLO), Zynga (ZNGA) and Zscaler (ZS).

(INSP) raised $75 million in an initial public offering on Thursday, May 3rd 2018. The company issued 5,000,000 shares at $14.00-$16.00 per share. BofA Merrill Lynch and Goldman Sachs served as the underwriters for the IPO and Guggenheim Securities, Stifel and Wells Fargo Securities were co-managers.

Inspire Medical Systems trades on the New York Stock Exchange (NYSE) under the ticker symbol "INSP."

Inspire Medical Systems' stock is owned by many different retail and institutional investors. Top institutional investors include FMR LLC (14.90%), Vanguard Group Inc. (4.51%), Wasatch Advisors Inc. (4.25%), Gilder Gagnon Howe & Co. LLC (4.12%), Victory Capital Management Inc. (2.05%) and Columbus Circle Investors (2.02%). Company insiders that own Inspire Medical Systems stock include Casey M Tansey, Chau Quang Khuong, Jerry C Griffin, Joyce Erony, Marilyn C Nelson, Mudit K Jain, Orbimed Advisors Llc, Randy Ban, Richard Buchholz, Steven Jandrich and Timothy P Herbert.
View institutional ownership trends for Inspire Medical Systems.

INSP stock was sold by a variety of institutional investors in the last quarter, including Driehaus Capital Management LLC, Columbus Circle Investors, Victory Capital Management Inc., Mairs & Power Inc., TimesSquare Capital Management LLC, Granite Investment Partners LLC, Thrivent Financial for Lutherans, and Bank of Montreal Can. Company insiders that have sold Inspire Medical Systems company stock in the last year include Casey M Tansey, Chau Quang Khuong, Jerry C Griffin, Marilyn C Nelson, Mudit K Jain, Orbimed Advisors Llc, Randy Ban, Richard Buchholz, Steven Jandrich, and Timothy P Herbert.
View insider buying and selling activity for Inspire Medical Systems.

INSP stock was acquired by a variety of institutional investors in the last quarter, including FMR LLC, Vanguard Group Inc., Wasatch Advisors Inc., Jennison Associates LLC, Gilder Gagnon Howe & Co. LLC, Bellevue Group AG, Neuberger Berman Group LLC, and Nuveen Asset Management LLC.
View insider buying and selling activity for Inspire Medical Systems.

Shares of INSP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of INSP stock can currently be purchased for approximately $121.41.

Inspire Medical Systems has a market capitalization of $3.25 billion and generates $82.05 million in revenue each year. The company earns $-33,240,000.00 in net income (profit) each year or ($1.40) on an earnings per share basis.

The official website for Inspire Medical Systems is www.inspiresleep.com.

Inspire Medical Systems' mailing address is 5500 WAYZATA BLVD SUITE 1600, GOLDEN VALLEY MN, 55416. The company can be reached via phone at 844-672-4357 or via email at [email protected]