Insulet (PODD) Upgraded by BidaskClub to Buy

Insulet (NASDAQ:PODD) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued to investors on Friday.

Several other analysts have also commented on PODD. Zacks Investment Research lowered Insulet from a “buy” rating to a “hold” rating in a report on Saturday, November 11th. Barclays lifted their price objective on Insulet from $70.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, November 20th. UBS Group raised Insulet from a “market perform” rating to an “outperform” rating in a report on Monday, January 8th. Raymond James Financial raised Insulet from a “market perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a report on Monday, January 8th. Finally, Stephens reaffirmed an “equal weight” rating and issued a $81.00 price objective (up previously from $60.00) on shares of Insulet in a report on Thursday, February 22nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the stock. Insulet presently has an average rating of “Buy” and an average target price of $73.24.

How to Become a New Pot Stock Millionaire

Shares of Insulet (PODD) opened at $80.33 on Friday. The company has a market capitalization of $4,690.55, a price-to-earnings ratio of -174.63 and a beta of 1.56. Insulet has a fifty-two week low of $38.43 and a fifty-two week high of $83.56. The company has a quick ratio of 5.85, a current ratio of 6.24 and a debt-to-equity ratio of 3.57.

Insulet (NASDAQ:PODD) last posted its earnings results on Wednesday, February 21st. The medical instruments supplier reported ($0.12) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.08) by ($0.04). Insulet had a negative return on equity of 29.73% and a negative net margin of 5.79%. The business had revenue of $130.50 million during the quarter, compared to the consensus estimate of $125.16 million. During the same period in the previous year, the business posted ($0.16) EPS. The firm’s revenue for the quarter was up 26.0% on a year-over-year basis. sell-side analysts expect that Insulet will post -0.3 earnings per share for the current year.

In related news, COO Shacey Petrovic sold 1,319 shares of Insulet stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $76.81, for a total transaction of $101,312.39. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director David A. Lemoine sold 641 shares of Insulet stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $76.81, for a total value of $49,235.21. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by insiders.

Institutional investors have recently made changes to their positions in the company. Schwab Charles Investment Management Inc. lifted its position in shares of Insulet by 4.1% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 276,930 shares of the medical instruments supplier’s stock valued at $19,109,000 after acquiring an additional 10,989 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Insulet in the third quarter valued at about $33,373,000. Bank of New York Mellon Corp lifted its position in shares of Insulet by 6.7% in the third quarter. Bank of New York Mellon Corp now owns 289,027 shares of the medical instruments supplier’s stock valued at $15,919,000 after acquiring an additional 18,111 shares in the last quarter. New York State Common Retirement Fund lifted its position in shares of Insulet by 14.0% in the third quarter. New York State Common Retirement Fund now owns 71,585 shares of the medical instruments supplier’s stock valued at $3,943,000 after acquiring an additional 8,785 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Insulet in the third quarter valued at about $524,000.

COPYRIGHT VIOLATION NOTICE: This report was originally reported by Markets Daily and is owned by of Markets Daily. If you are viewing this report on another domain, it was copied illegally and republished in violation of US & international trademark and copyright laws. The legal version of this report can be accessed at https://www.themarketsdaily.com/2018/03/11/insulet-podd-upgraded-by-bidaskclub-to-buy.html.

Insulet Company Profile

Insulet Corporation is engaged in the development, manufacturing and sale of the OmniPod Insulin Management System (the OmniPod System), an insulin delivery system for people with insulin-dependent diabetes. The Omnipod System features a self-adhesive disposable tubeless Omnipod device, which is worn on the body for approximately three days at a time and its wireless companion, the handheld Personal Diabetes Manager (PDM).

Analyst Recommendations for Insulet (NASDAQ:PODD)

Receive News & Ratings for Insulet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Insulet and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply