Needham Issues a Hold Rating on Masimo (MASI)

Needham analyst Michael Matson assigned a Hold rating to Masimo (MASI) today. The company’s shares closed last Tuesday at $227.21.

According to, Matson is a 5-star analyst with an average return of 7.4% and a 59.7% success rate. Matson covers the Healthcare sector, focusing on stocks such as Axonics Modulation Technologies, Cardiovascular Systems, and Zimmer Biomet Holdings.

Masimo has an analyst consensus of Moderate Buy, with a price target consensus of $254.00.

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Based on Masimo’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $301 million and net profit of $55.77 million. In comparison, last year the company earned revenue of $230 million and had a net profit of $44.89 million.

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Masimo Corp. is a medical technology company, which develops, manufactures and markets non invasive patient monitoring technologies, medical devices and sensors. Its products include continuous monitors, patient-worn monitors, hospital automation connectivity, capnography & gas, data download & analytics and sensors & accessories. The company was founded by Joe E. Kiani in May 1989 and is headquartered in Irvine, CA.

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