Today, the EVP GLOBAL SALES, MKTG & STGY of Merit Medical Systems (MMSI), Justin Lampropoulos, sold shares of MMSI for $1.22M.
Following Justin Lampropoulos’ last MMSI Sell transaction on June 07, 2018, the stock climbed by 10.3%. In addition to Justin Lampropoulos, 6 other MMSI executives reported Sell trades in the last month.
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Based on Merit Medical Systems’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $222 million and quarterly net profit of $16.62 million. In comparison, last year the company earned revenue of $179 million and had a GAAP net loss of $3.57 million. MMSI’s market cap is $3.22B and the company has a P/E ratio of 79.33. Currently, Merit Medical Systems has an average volume of 114.2K.
Based on 6 analyst ratings, the analyst consensus is Strong Buy with an average price target of $72.67, reflecting a 24.7% upside. One of the top 25 analysts, according to TipRanks.com, recently recommended Buy MMSI with a $75 price target.
In the last 30 days, insiders have sold $2.38M worth of MMSI shares and purchased $731.9K worth of MMSI shares. The insider sentiment on Merit Medical Systems has been neutral according to 22 insider trades in the past three months. This sentiment is equal to the average sentiment of company insiders in this sector.
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Merit Medical Systems, Inc. engages in the manufacture and market of proprietary disposable medical devices. It operates through Cardiovascular and Endoscopy segments. The Cardiovascular segment consists of peripheral intervention, cardiac intervention, interventional oncology and spine, and cardiovascular and critical care product groups.
