UBS Group upgraded shares of Insulet (NASDAQ:PODD) from a market perform rating to an outperform rating in a research report report published on Monday, January 8th, The Fly reports.
PODD has been the topic of a number of other reports. Barclays assumed coverage on Insulet in a report on Friday, September 15th. They set an overweight rating and a $65.00 price target on the stock. Jefferies Group lifted their target price on Insulet from $58.00 to $67.00 and gave the stock a buy rating in a report on Friday, November 3rd. Canaccord Genuity raised Insulet from a hold rating to a buy rating and lifted their target price for the stock from $50.00 to $65.00 in a report on Wednesday, November 1st. Zacks Investment Research cut Insulet from a buy rating to a hold rating in a report on Saturday, November 11th. Finally, Leerink Swann reaffirmed an outperform rating and issued a $74.00 target price (up from $65.00) on shares of Insulet in a report on Thursday, October 12th. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company has an average rating of Buy and a consensus price target of $62.53.
Shares of Insulet (NASDAQ:PODD) traded down $1.01 during trading on Monday, reaching $75.84. The company had a trading volume of 353,092 shares, compared to its average volume of 538,882. The company has a current ratio of 4.88, a quick ratio of 4.42 and a debt-to-equity ratio of 4.65. The company has a market cap of $4,471.73, a PE ratio of -151.68 and a beta of 1.59. Insulet has a one year low of $38.43 and a one year high of $78.65.
Insulet (NASDAQ:PODD) last posted its quarterly earnings results on Thursday, November 2nd. The medical instruments supplier reported ($0.04) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.10) by $0.06. The business had revenue of $121.80 million for the quarter, compared to analysts’ expectations of $114.02 million. Insulet had a negative return on equity of 43.85% and a negative net margin of 6.66%. The business’s quarterly revenue was up 28.4% on a year-over-year basis. During the same period last year, the firm earned ($0.05) earnings per share. equities research analysts anticipate that Insulet will post -0.43 EPS for the current fiscal year.
In other Insulet news, Director James C. Mullen bought 2,500 shares of the company’s stock in a transaction on Monday, November 13th. The stock was acquired at an average price of $67.45 per share, for a total transaction of $168,625.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.90% of the stock is owned by insiders.
Several large investors have recently made changes to their positions in the business. FMR LLC raised its stake in shares of Insulet by 0.5% during the second quarter. FMR LLC now owns 8,687,487 shares of the medical instruments supplier’s stock valued at $445,755,000 after acquiring an additional 39,836 shares in the last quarter. Northern Trust Corp raised its stake in shares of Insulet by 3.2% during the second quarter. Northern Trust Corp now owns 777,986 shares of the medical instruments supplier’s stock valued at $39,919,000 after acquiring an additional 24,188 shares in the last quarter. Paulson & CO. Inc. bought a new stake in shares of Insulet during the second quarter valued at approximately $1,283,000. Fox Run Management L.L.C. bought a new stake in shares of Insulet during the third quarter valued at approximately $435,000. Finally, Point72 Asset Management L.P. bought a new stake in shares of Insulet during the third quarter valued at approximately $33,373,000.
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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).
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