Inspire Medical Systems (INSP) Lifted to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of Inspire Medical Systems (NASDAQ:INSP) from a sell rating to a hold rating in a report released on Saturday.

According to Zacks, “Inspire Medical Systems Inc. is a medical technology company. It focused on the development and commercialization of solutions for obstructive sleep apnea. The company’s proprietary Inspire therapy is a neurostimulation technology which provides treatment for moderate to severe obstructive sleep apnea. Inspire Medical Systems Inc.is based in Minnesota, United States. “

Shares of Inspire Medical Systems stock opened at $40.74 on Friday. Inspire Medical Systems has a 1-year low of $22.50 and a 1-year high of $57.87.

Inspire Medical Systems (NASDAQ:INSP) last announced its earnings results on Tuesday, August 7th. The company reported ($0.43) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.51) by $0.08. The company had revenue of $10.94 million for the quarter, compared to the consensus estimate of $9.30 million.

A number of hedge funds have recently made changes to their positions in the stock. Valeo Financial Advisors LLC bought a new position in Inspire Medical Systems during the second quarter worth $229,000. Rhumbline Advisers bought a new position in Inspire Medical Systems during the second quarter worth $243,000. Bank of America Corp DE bought a new position in Inspire Medical Systems during the second quarter worth $306,000. Dean Capital Investments Management LLC bought a new position in Inspire Medical Systems during the second quarter worth $857,000. Finally, Wasatch Advisors Inc. bought a new position in Inspire Medical Systems during the second quarter worth $1,065,000.

Inspire Medical Systems Company Profile

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.

Read More: What is the NASDAQ Stock Market?

Get a free copy of the Zacks research report on Inspire Medical Systems (INSP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Inspire Medical Systems (NASDAQ:INSP)

Receive News & Ratings for Inspire Medical Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Inspire Medical Systems and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply