NYSE:INSP

Inspire Medical Systems (INSP) Stock Forecast, Price & News

$183.45

+1.01 (+0.55%)

(As of 01:02 PM ET)

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Today's Range: $178.10
▼
$183.47
50-Day Range: $182.56
▼
$291.01
52-Week Range: $159.62
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$330.00

Volume: 238,888 shs
Average Volume: 426,658 shs
Market Capitalization: $5.38 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $345.08

Inspire Medical Systems MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 92.6% Upside
$345.08 Price Target
Short Interest: Healthy
4.02% of Shares Sold Short
Dividend Strength: N/A
Sustainability: -0.66
Upright™ Environmental Score
News Sentiment: 1.20
Based on 8 Articles This Week
Insider Trading: Selling Shares
$652,109 Sold Last Quarter
Proj. Earnings Growth: Growing
From ($1.76) to ($0.45) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.85 out of 5 stars

Medical Sector

58th out of 965 stocks

Surgical & Medical Instruments Industry

12th out of 98 stocks

4.5

Analyst's Opinion

Consensus Rating
Inspire Medical Systems has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 11 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $345.08, Inspire Medical Systems has a forecasted upside of 92.6% from its current price of $179.17.
Amount of Analyst Coverage
Inspire Medical Systems has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
4.02% of the outstanding shares of Inspire Medical Systems have been sold short.
Short Interest Ratio / Days to Cover
Inspire Medical Systems has a short interest ratio ("days to cover") of 2.3, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Inspire Medical Systems has recently increased by 14.56%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Inspire Medical Systems does not currently pay a dividend.
Dividend Growth
Inspire Medical Systems does not have a long track record of dividend growth.

4.8

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Inspire Medical Systems has received a 78.27% net impact score from Upright. The largest positive contribution comes from its "Physical diseases" impact, which is false driven by its "Neurostimulators" and "Medical technology engineering" products. See details.
Environmental Sustainability
The Environmental Impact score for Inspire Medical Systems is -0.66.

3.4

News and Social Media Coverage

News Sentiment
Inspire Medical Systems has a news sentiment score of 1.20. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.51 average news sentiment score of Medical companies.
News Coverage This Week
MarketBeat has tracked 8 news articles for Inspire Medical Systems this week, compared to 5 articles on an average week.
Search Interest
16 people have searched for INSP on MarketBeat in the last 30 days. This is an increase of 1,500% compared to the previous 30 days.
MarketBeat Follows
Only 3 people have added Inspire Medical Systems to their MarketBeat watchlist in the last 30 days. This is a decrease of -70% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Inspire Medical Systems insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $652,109.00 in company stock.
Percentage Held by Insiders
Only 4.50% of the stock of Inspire Medical Systems is held by insiders.
Percentage Held by Institutions
94.91% of the stock of Inspire Medical Systems is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Inspire Medical Systems are expected to grow in the coming year, from ($1.76) to ($0.45) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Inspire Medical Systems is -124.42, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Inspire Medical Systems is -124.42, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Inspire Medical Systems has a P/B Ratio of 10.44. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Inspire Medical Systems (NYSE:INSP) Stock

Inspire Medical Systems, Inc., a medical technology company, focuses on the development and commercialization of minimally invasive solutions for patients with obstructive sleep apnea (OSA) in the United States and internationally. The company offers Inspire system, a neurostimulation technology that provides a safe and effective treatment for moderate to severe OSA. It also develops a novel, a closed-loop solution that continuously monitors a patient's breathing and delivers mild hypoglossal nerve stimulation to maintain an open airway. The company was incorporated in 2007 and is headquartered in Golden Valley, Minnesota.

INSP Price History

30 days | 90 days | 365 days | Advanced Chart

INSP Stock News Headlines

October 3, 2023 | msn.com

Truist Securities Reiterates Inspire Medical Systems (INSP) Buy Recommendation

October 3, 2023 | finance.yahoo.com

Inspire Medical Systems, Inc. to Report Third Quarter 2023 Financial Results on November 7, 2023

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October 3, 2023 | americanbankingnews.com

Truist Financial Reiterates "Buy" Rating for Inspire Medical Systems (NYSE:INSP)

September 27, 2023 | americanbankingnews.com

Inspire Medical Systems, Inc. (NYSE:INSP) Receives Consensus Recommendation of "Buy" from Analysts

September 26, 2023 | benzinga.com

Inspire Medical Systems Board Member Acquires 2,000 Shares After Exercising Company Stock Options

September 26, 2023 | finance.yahoo.com

Here's Why You Should Retain Inspire Medical (INSP) Stock Now

September 26, 2023 | finance.yahoo.com

Inspire Medical Systems, Inc. Announces Events at International Surgical Sleep Society and American Academy of Otolaryngology – Head and Neck Surgery Meetings

October 4, 2023 | Behind the Markets (Ad)

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September 22, 2023 | finance.yahoo.com

Inspire Medical Systems (INSP) Reported Better-Than-Expected Results in Q2

September 20, 2023 | finance.yahoo.com

Unlocking the True Worth of Inspire Medical Systems (INSP): A Comprehensive Guide

September 8, 2023 | msn.com

HOMETOWN HERO: Jeffrey Phillips is helping people get a better nights rest

September 7, 2023 | msn.com

HSHS phone systems are back in service over 1 week after outage

September 6, 2023 | finance.yahoo.com

Do You Think Inspire Medical Systems (INSP) Offers Compelling Opportunity in the Industry?

August 30, 2023 | finance.yahoo.com

When Can We Expect A Profit From Inspire Medical Systems, Inc. (NYSE:INSP)?

August 25, 2023 | markets.businessinsider.com

InspireSemi Announces Final Closing of Non-Brokered Private Placement

August 23, 2023 | finance.yahoo.com

Inspire Medical Systems, Inc. to Present at the Wells Fargo 2023 Healthcare Conference

August 16, 2023 | msn.com

Inspire Medical Systems: Excellent Execution And Reset Valuation

August 10, 2023 | msn.com

Unusual Put Option Trade in Inspire Medical Systems (INSP) Worth $2,332.80K

August 10, 2023 | finance.yahoo.com

Is Inspire Medical Systems, Inc. (NYSE:INSP) Potentially Undervalued?

August 3, 2023 | msn.com

Wells Fargo Maintains Inspire Medical Systems (INSP) Overweight Recommendation

August 2, 2023 | markets.businessinsider.com

Inspire Medical Systems (INSP) Gets a Buy from Bank of America Securities

August 2, 2023 | msn.com

Inspire Medical (INSP) Q2 Earnings & Revenues Top Estimates

August 2, 2023 | markets.businessinsider.com

The Latest Analyst Ratings for Inspire Medical Systems

August 2, 2023 | msn.com

Inspire Medical Systems (INSP) Price Target Increased by 5.72% to 358.02

August 2, 2023 | finance.yahoo.com

Compared to Estimates, Inspire (INSP) Q2 Earnings: A Look at Key Metrics

August 1, 2023 | msn.com

Inspire Medical Systems GAAP EPS of -$0.41 beats by $0.17, revenue of $151.1M beats by $14.61M

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INSP Company Calendar

Last Earnings: 8/01/2023
Today: 10/04/2023
Next Earnings (Estimated): 11/07/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Surgical & medical instruments
Sub-Industry: N/A
Sector: Medical
Current Symbol: NYSE:INSP
CUSIP: N/A
CIK: 1609550
Web: www.inspiresleep.com
Phone: (844) 672-4357
Fax: N/A
Employees: 755
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $345.08
High Stock Price Forecast: $380.00
Low Stock Price Forecast: $308.00
Forecasted Upside/Downside: +89.0%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 11 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($1.44)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-44,880,000.00
Net Margins: -7.81%
Pretax Margin: -7.66%
Return on Equity: -8.21%
Return on Assets: -7.20%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 8.40
Quick Ratio: 8.09

Sales & Book Value

Annual Sales: $407.86 million
Price / Sales: 13.13
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $17.17 per share
Price / Book: 10.63

Miscellaneous

Outstanding Shares: 29,340,000
Free Float: 28,016,000
Market Cap: $5.36 billion
Optionable: Optionable
Beta: 1.42

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Key Executives

Mr. Timothy P. Herbert (Age 60)
CEO, Pres & Director
Comp: $1.35M

Mr. Richard J. Buchholz (Age 55)
Chief Financial Officer
Comp: $683.2k

Mr. Philip J. Ebeling (Age 52)
Chief Operating Officer
Comp: $696.13k

Mr. John C. Rondoni (Age 43)
Chief Technology Officer
Comp: $576.72k

Mr. Randall A. Ban (Age 58)
Chief Commercial Officer
Comp: $759.23k

Dr. Charisse Y. Sparks FAAOS (Age 60)
M.D., Chief Medical Officer
Comp: $21.88k

Ms. Ezgi Yagci
VP of Investor Relations

Mr. Bryan K. Phillips (Age 52)
Sr. VP, Gen. Counsel, Chief Compliance Officer & Corp. Sec.

Mr. Martin A. Abrams
VP of Marketing & Customer Experience

Mr. Steven L. Jandrich (Age 56)
VP of HR

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

INSP Stock - Frequently Asked Questions

Should I buy or sell Inspire Medical Systems stock right now?: 11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Inspire Medical Systems in the last twelve months. There are currently 11 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" INSP shares.
View INSP analyst ratings or view top-rated stocks.
What is Inspire Medical Systems' stock price forecast for 2023?: 11 Wall Street research analysts have issued 12-month price targets for Inspire Medical Systems' shares. Their INSP share price forecasts range from $308.00 to $380.00. On average, they predict the company's share price to reach $345.08 in the next twelve months. This suggests a possible upside of 89.0% from the stock's current price.
View analysts price targets for INSP or view top-rated stocks among Wall Street analysts.
How have INSP shares performed in 2023?: Inspire Medical Systems' stock was trading at $251.88 at the beginning of the year. Since then, INSP shares have decreased by 27.5% and is now trading at $182.56.
View the best growth stocks for 2023 here.
Are investors shorting Inspire Medical Systems?: Inspire Medical Systems saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 1,180,000 shares, an increase of 14.6% from the August 31st total of 1,030,000 shares. Based on an average trading volume of 512,100 shares, the short-interest ratio is currently 2.3 days.
View Inspire Medical Systems' Short Interest.
When is Inspire Medical Systems' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
View our INSP earnings forecast.
How were Inspire Medical Systems' earnings last quarter?: Inspire Medical Systems, Inc. (NYSE:INSP) released its quarterly earnings results on Tuesday, August, 1st. The company reported ($0.41) EPS for the quarter, beating analysts' consensus estimates of ($0.51) by $0.10. The company had revenue of $151.09 million for the quarter, compared to analyst estimates of $136.47 million. Inspire Medical Systems had a negative net margin of 7.81% and a negative trailing twelve-month return on equity of 8.21%. The company's revenue for the quarter was up 65.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.53) earnings per share.
What ETFs hold Inspire Medical Systems' stock?: ETFs with the largest weight of Inspire Medical Systems (NYSE:INSP) stock in their portfolio include Harbor Health Care ETF (MEDI), First Trust Nasdaq Lux Digital Health Solutions ETF (EKG), Fidelity Digital Health ETF (FDHT), Invesco Dorsey Wright Healthcare Momentum ETF (PTH), BNY Mellon Innovators ETF (BKIV), Principal Healthcare Innovators ETF (BTEC), Franklin Intelligent Machines ETF (IQM) and WisdomTree U.S. Growth & Momentum Fund (WGRO).
What guidance has Inspire Medical Systems issued on next quarter's earnings?: Inspire Medical Systems issued an update on its FY 2023 earnings guidance on Tuesday, August, 1st. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $600.00 million-$610.00 million, compared to the consensus revenue estimate of $589.63 million.

What is Tim Herbert's approval rating as Inspire Medical Systems' CEO?: 2 employees have rated Inspire Medical Systems Chief Executive Officer Tim Herbert on Glassdoor.com. Tim Herbert has an approval rating of 100% among the company's employees. This puts Tim Herbert in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.
What other stocks do shareholders of Inspire Medical Systems own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Inspire Medical Systems investors own include Advanced Micro Devices (AMD), NVIDIA (NVDA), Cisco Systems (CSCO), Bank of America (BAC), DocuSign (DOCU), Pfizer (PFE), Block (SQ), Zynga (ZNGA), CrowdStrike (CRWD) and Johnson & Johnson (JNJ).
When did Inspire Medical Systems IPO?: (INSP) raised $75 million in an initial public offering on Thursday, May 3rd 2018. The company issued 5,000,000 shares at a price of $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.
What is Inspire Medical Systems' stock symbol?: Inspire Medical Systems trades on the New York Stock Exchange (NYSE) under the ticker symbol "INSP."
How do I buy shares of Inspire Medical Systems?: Shares of INSP 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.
Compare Top Brokerages Here.
What is Inspire Medical Systems' stock price today?: One share of INSP stock can currently be purchased for approximately $182.56.
How much money does Inspire Medical Systems make?: Inspire Medical Systems (NYSE:INSP) has a market capitalization of $5.36 billion and generates $407.86 million in revenue each year. The company earns $-44,880,000.00 in net income (profit) each year or ($1.44) on an earnings per share basis.
How many employees does Inspire Medical Systems have?: The company employs 755 workers across the globe.
How can I contact Inspire Medical Systems?: Inspire Medical Systems' mailing address is 5500 WAYZATA BLVD SUITE 1600, GOLDEN VALLEY MN, 55416. The official website for the company is www.inspiresleep.com. The company can be reached via phone at (844) 672-4357 or via email at inspire@lifesciadvisors.com.

This page (NYSE:INSP) was last updated on 10/4/2023 by MarketBeat.com Staff

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