Raymond James Financial upgraded shares of Insulet (NASDAQ:PODD) from a market perform rating to an outperform rating in a research report released on Monday, January 8th, Marketbeat.com reports. The brokerage currently has $80.00 price target on the medical instruments supplier’s stock.
A number of other equities research analysts have also recently commented on PODD. Canaccord Genuity reiterated a hold rating and issued a $50.00 price target on shares of Insulet in a research note on Wednesday, September 27th. UBS Group upgraded Insulet from a market perform rating to an outperform rating in a research note on Monday, January 8th. Barclays raised their price objective on Insulet from $70.00 to $75.00 and gave the stock an overweight rating in a research note on Monday, November 20th. Robert W. Baird raised their price objective on Insulet from $65.00 to $72.00 and gave the stock an outperform rating in a research note on Friday, November 3rd. Finally, BidaskClub cut Insulet from a buy rating to a hold rating in a research note on Saturday, December 2nd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the company. The company presently has a consensus rating of Buy and an average target price of $62.53.
Shares of Insulet (NASDAQ PODD) traded down $0.02 during trading on Monday, reaching $72.89. The company’s stock had a trading volume of 380,900 shares, compared to its average volume of 670,992. Insulet has a 12 month low of $38.43 and a 12 month high of $78.65. The company has a quick ratio of 4.42, a current ratio of 4.88 and a debt-to-equity ratio of 4.65. The company has a market cap of $4,242.47, a P/E ratio of -145.78 and a beta of 1.58.
In related news, Director James C. Mullen acquired 2,500 shares of Insulet stock in a transaction that occurred on Monday, November 13th. The shares were purchased at an average price of $67.45 per share, for a total transaction of $168,625.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.90% of the company’s stock.
Large investors have recently bought and sold shares of the business. FMR LLC raised its position in Insulet by 0.5% in the second quarter. FMR LLC now owns 8,687,487 shares of the medical instruments supplier’s stock valued at $445,755,000 after purchasing an additional 39,836 shares during the period. Northern Trust Corp raised its holdings in shares of Insulet by 3.2% in the 2nd quarter. Northern Trust Corp now owns 777,986 shares of the medical instruments supplier’s stock valued at $39,919,000 after buying an additional 24,188 shares during the period. Paulson & CO. Inc. purchased a new stake in shares of Insulet in the 2nd quarter valued at $1,283,000. Fox Run Management L.L.C. purchased a new stake in shares of Insulet in the 3rd quarter valued at $435,000. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Insulet in the 3rd quarter valued at $33,373,000.
COPYRIGHT VIOLATION WARNING: “Insulet (NASDAQ:PODD) Upgraded by Raymond James Financial to “Outperform”” was first posted by Week Herald and is the property of of Week Herald. If you are viewing this story on another website, it was copied illegally and republished in violation of United States & international copyright & trademark law. The original version of this story can be accessed at https://weekherald.com/2018/01/19/insulet-podd-upgraded-by-raymond-james-financial-to-outperform.html.
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).
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.