BidaskClub upgraded shares of Inogen (NASDAQ:INGN) from a hold rating to a buy rating in a research report released on Saturday.
Several other brokerages have also recently weighed in on INGN. Zacks Investment Research raised shares of Inogen from a hold rating to a buy rating and set a $131.00 price objective on the stock in a research note on Thursday, November 9th. Leerink Swann reissued an outperform rating and issued a $120.00 price objective (up previously from $115.00) on shares of Inogen in a research note on Wednesday, November 8th. Finally, Needham & Company LLC boosted their price objective on shares of Inogen from $108.00 to $125.00 and gave the stock a strong-buy rating in a research note on Wednesday, November 8th. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of $103.14.
Shares of Inogen (INGN) opened at $117.90 on Friday. Inogen has a one year low of $66.51 and a one year high of $130.05. The firm has a market cap of $2,460.00, a price-to-earnings ratio of 82.45, a P/E/G ratio of 3.96 and a beta of 1.02.
In related news, EVP Byron Myers sold 35,000 shares of the business’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $116.77, for a total value of $4,086,950.00. Following the transaction, the executive vice president now owns 48,600 shares in the company, valued at $5,675,022. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Heath Lukatch sold 2,500 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $126.40, for a total transaction of $316,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 150,499 shares of company stock worth $17,594,143. 5.31% of the stock is owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Lenox Wealth Advisors Inc. acquired a new position in Inogen in the fourth quarter valued at $100,000. Steward Partners Investment Advisory LLC lifted its holdings in Inogen by 1,000.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,100 shares of the medical technology company’s stock valued at $130,000 after buying an additional 1,000 shares during the period. Simplex Trading LLC acquired a new position in Inogen in the fourth quarter valued at $153,000. Ameritas Investment Partners Inc. lifted its holdings in Inogen by 6.1% in the second quarter. Ameritas Investment Partners Inc. now owns 1,495 shares of the medical technology company’s stock valued at $143,000 after buying an additional 86 shares during the period. Finally, LS Investment Advisors LLC raised its holdings in shares of Inogen by 138.6% during the fourth quarter. LS Investment Advisors LLC now owns 1,515 shares of the medical technology company’s stock valued at $180,000 after purchasing an additional 880 shares during the period.
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Inogen, Inc is a medical technology company. The Company develops, manufactures and markets portable oxygen concentrators used to deliver supplemental long-term oxygen therapy to patients suffering from chronic respiratory conditions. The Company’s Inogen One systems concentrate the air around the patient to offer a single source of supplemental oxygen anytime, anywhere with a portable device.
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