SG Americas Securities LLC boosted its stake in Inspire Medical Systems, Inc. (NYSE:INSP – Free Report) by 33.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,534 shares of the company’s stock after acquiring an additional 892 shares during the quarter. SG Americas Securities LLC’s holdings in Inspire Medical Systems were worth $655,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Nisa Investment Advisors LLC boosted its position in Inspire Medical Systems by 37.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 368 shares of the company’s stock valued at $68,000 after buying an additional 100 shares during the last quarter. Merit Financial Group LLC acquired a new position in shares of Inspire Medical Systems in the fourth quarter worth about $313,000. Pallas Capital Advisors LLC boosted its holdings in Inspire Medical Systems by 6.1% in the fourth quarter. Pallas Capital Advisors LLC now owns 4,037 shares of the company’s stock valued at $748,000 after purchasing an additional 233 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Inspire Medical Systems by 1.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 7,879 shares of the company’s stock valued at $1,461,000 after purchasing an additional 79 shares in the last quarter. Finally, Diversified Trust Co grew its stake in Inspire Medical Systems by 3.8% during the 4th quarter. Diversified Trust Co now owns 4,686 shares of the company’s stock valued at $869,000 after purchasing an additional 173 shares in the last quarter. Hedge funds and other institutional investors own 94.91% of the company’s stock.
Inspire Medical Systems Stock Performance
NYSE INSP opened at $194.38 on Friday. The firm has a market capitalization of $5.83 billion, a PE ratio of 181.67 and a beta of 1.32. Inspire Medical Systems, Inc. has a one year low of $123.00 and a one year high of $257.40. The company has a 50-day simple moving average of $189.95 and a 200-day simple moving average of $187.94.
Analyst Ratings Changes
A number of brokerages have issued reports on INSP. Wells Fargo & Company upped their target price on Inspire Medical Systems from $187.00 to $198.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 5th. Piper Sandler reiterated an “overweight” rating and set a $260.00 price objective (up from $255.00) on shares of Inspire Medical Systems in a research note on Tuesday, November 5th. KeyCorp reissued an “overweight” rating and set a $234.00 price objective (down from $236.00) on shares of Inspire Medical Systems in a report on Friday, January 24th. Robert W. Baird upped their target price on shares of Inspire Medical Systems from $240.00 to $252.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Finally, Bank of America upgraded Inspire Medical Systems from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $220.00 to $255.00 in a research note on Wednesday, November 20th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Inspire Medical Systems presently has an average rating of “Moderate Buy” and a consensus price target of $231.45.
Get Our Latest Research Report on INSP
Inspire Medical Systems Profile
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.
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