Inspire Medical Systems (NASDAQ:INSP) Director Marilyn C. Nelson sold 25,000 shares of the business’s stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $66.20, for a total transaction of $1,655,000.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Inspire Medical Systems stock opened at $67.16 on Thursday. The business has a 50-day simple moving average of $58.15. Inspire Medical Systems has a 1 year low of $35.43 and a 1 year high of $69.71.
Inspire Medical Systems (NASDAQ:INSP) last issued its quarterly earnings data on Tuesday, May 7th. The company reported ($0.35) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.39) by $0.04. The firm had revenue of $16.30 million during the quarter, compared to the consensus estimate of $17.79 million. The company’s revenue was up 63.0% on a year-over-year basis.
Several research analysts have weighed in on the stock. Zacks Investment Research lowered shares of Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Saturday, May 11th. Bank of America reissued a “sell” rating on shares of Deutsche Bank in a research note on Monday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $57.20.
About Inspire Medical Systems
Inspire Medical Systems, Inc, a medical technology company, focuses on the development and commercialization of minimally invasive solutions for patients with obstructive sleep apnea (OSA). It offers Inspire system, a neurostimulation technology that provides a safe and effective treatment for moderate to severe obstructive sleep apnea.
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