Northland Securities analyst Suraj Kalia maintained a Buy rating on Insulet Corp (NASDAQ: PODD) today and set a price target of $100. The company’s shares opened today at $89.25, close to its 52-week high of $94.26.
According to TipRanks.com, Kalia is a 4-star analyst with an average return of 8.3% and a 60.2% success rate. Kalia covers the Healthcare sector, focusing on stocks such as EyePoint Pharmaceuticals Inc, Tactile Systems Technology, and Obalon Therapeutics Inc.
Currently, the analyst consensus on Insulet Corp is Strong Buy and the average price target is $93.09, representing a 4.3% upside.
In a report issued on May 2, Canaccord Genuity also maintained a Buy rating on the stock with a $90 price target.
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Based on Insulet Corp’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $124 million and GAAP net loss of $6.57 million. In comparison, last year the company earned revenue of $102 million and had a GAAP net loss of $9.98 million.
Based on the recent corporate insider activity of 62 insiders, corporate insider sentiment is negative on the stock.
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Insulet Corp. is an innovative medical device company, which engages in the development, manufacture, and marketing of an insulin infusion system for people with insulin-dependent diabetes. It specializes in diabetes supplies, including the OmniPod System as well as other diabetes related products and supplies such as blood glucose testing supplies, traditional insulin pumps, pump supplies, and pharmaceuticals. The company was founded by John L. Brooks III and John T. Garibotto in July 2000 and is headquartered in Billerica, MA.
