Leerink Partners analyst Danielle Antalffy maintained a Hold rating on Inogen (INGN) today and set a price target of $42.00. The company’s shares closed last Friday at $38.00, close to its 52-week low of $31.21.
According to TipRanks.com, Antalffy is a 5-star analyst with an average return of 22.0% and a 68.4% success rate. Antalffy covers the Healthcare sector, focusing on stocks such as Cardiovascular Systems, Baxter International, and Edwards Lifesciences.
Inogen has an analyst consensus of Moderate Buy, with a price target consensus of $65.50.
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Based on Inogen’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $88.49 million and GAAP net loss of $1.59 million. In comparison, last year the company earned revenue of $90.2 million and had a net profit of $5.3 million.
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Inogen, Inc . engages in the development, manufacture, and marketing of portable oxygen concentrators used to deliver supplemental long-term oxygen therapy to patients suffering from chronic respiratory conditions. Its products consists of Inogen One G4 system, Inogen One G3 system, Inogen One G2 system, and Inogen at Home. The company was founded by Alison Perry, Alison Bauerlein, Brenton Taylor and Byron Myers on November 27, 2001 and is headquartered in Goleta, CA.
