Smarter Analyst

Leerink Partners Reaffirms Their Hold Rating on Insulet (PODD)

In a report released today, Danielle Antalffy from Leerink Partners maintained a Hold rating on Insulet (PODD), with a price target of $230.00. The company’s shares closed last Thursday at $215.15, close to its 52-week high of $219.86.

According to TipRanks.com, Antalffy is a 5-star analyst with an average return of 21.8% and a 66.9% success rate. Antalffy covers the Healthcare sector, focusing on stocks such as Cardiovascular Systems, Baxter International, and Edwards Lifesciences.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Insulet with a $200.42 average price target, representing a -4.6% downside. In a report released yesterday, Canaccord Genuity also maintained a Hold rating on the stock with a $185.00 price target.

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The company has a one-year high of $219.86 and a one-year low of $98.38. Currently, Insulet has an average volume of 678.1K.

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Insulet Corp. is a medical device company. The firm 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 Acton, MA.