How should investors view Inspire Medical Systems Inc (INSP)?

While Inspire Medical Systems Inc has overperformed by 2.10%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, INSP fell by -17.04%, with highs and lows ranging from $330.00 to $123.27, whereas the simple moving average fell by -9.06% in the last 200 days.

On January 19, 2024, Jefferies started tracking Inspire Medical Systems Inc (NYSE: INSP) recommending Buy.

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Analysis of Inspire Medical Systems Inc (INSP)

Further, the quarter-over-quarter increase in sales is 40.40%, showing a positive trend in the upcoming months.

There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Inspire Medical Systems Inc’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of -6.46% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 7.76, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.

As an indicator of volatility for any stock, average volume can also be very valuable, and INSP is recording an average volume of 728.27K. On a monthly basis, the volatility of the stock is set at 4.44%, whereas on a weekly basis, it is put at 3.75%, with a gain of 11.35% over the past seven days. Furthermore, long-term investors anticipate a median target price of $230.77, showing growth from the present price of $208.96, which can serve as yet another indication of whether INSP is worth investing in or should be passed over.

How Do You Analyze Inspire Medical Systems Inc Shares?

Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 2.07%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 96.85% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.

Are institutional investors increasing their holdings in INSP shares?

The recent increase in stakes in INSP appears to be a result of several institutional investors and hedge funds increasing their positions. The Vanguard Group, Inc.’s position in INSP has decreased by -0.05% in the first quarter. The company now owns 2,969,217 shares of the stock, with a value of $604.03 million, following the sale of -1,364 additional shares during the last quarter. Fidelity Management & Research Co made another increased to its shares in INSP during the first quarter, upping its stake by 128.55%. During the last quarter, the company picked up 1,215,559 additional shares for a total stake of worth $439.65 million, bringing number of shares owned by the company to 2,161,162.

During the first quarter, BlackRock Fund Advisors added a 64,089 position in INSP. Wasatch Advisors, Inc. purchased an additional 0.48 million shares in the last quarter, increasing its holdings by 96.98%, now holding 0.98 million shares worth $198.87 million. At the end of the first quarter, Wellington Management Co. LLP increased its INSP holdings by 72.76% and now holds 0.98 million INSP shares valued at $198.75 million with the added 0.41 million shares during the period. INSP shares are owned by institutional investors to the tune of 96.85% at present.

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