InMode (NASDAQ:INMD) Shares Up 6.5%

InMode Ltd. (NASDAQ:INMD)’s share price was up 6.5% during trading on Wednesday . The company traded as high as $27.94 and last traded at $26.84, approximately 1,054,526 shares traded hands during mid-day trading. A decline of 7% from the average daily volume of 1,137,756 shares. The stock had previously closed at $25.20.

Several equities analysts have weighed in on INMD shares. Robert W. Baird assumed coverage on shares of InMode in a research report on Tuesday, September 3rd. They set an “outperform” rating and a $27.00 price objective on the stock. UBS Group began coverage on InMode in a report on Tuesday, September 3rd. They issued a “buy” rating and a $28.00 target price for the company. Barclays began coverage on InMode in a research report on Tuesday, September 3rd. They issued an “overweight” rating and a $27.00 target price for the company. Finally, Canaccord Genuity began coverage on InMode in a report on Tuesday, September 3rd. They set a “buy” rating and a $30.00 price target on the stock.

InMode (NASDAQ:INMD) last issued its earnings results on Tuesday, August 13th. The healthcare company reported $0.45 earnings per share for the quarter. The business had revenue of $38.80 million during the quarter. On average, research analysts expect that InMode Ltd. will post 1.38 earnings per share for the current fiscal year.

InMode Company Profile (NASDAQ:INMD)

InMode Ltd. designs, develops, manufactures, and markets minimally-invasive aesthetic medical products based on its proprietary radio frequency assisted lipolysis and deep subdermal fractional radio frequency technologies. The company offers minimally-invasive aesthetic medical products for procedures, such as liposuction with simultaneous skin tightening, body and face contouring, and ablative skin rejuvenation treatments.

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