Leerink Swann Reaffirms “Outperform” Rating for Inogen, Inc (INGN)
Leerink Swann reiterated their outperform rating on shares of Inogen, Inc (NASDAQ:INGN) in a research report report published on Wednesday, The Fly reports. Leerink Swann currently has a $120.00 target price on the medical technology company’s stock, up from their previous target price of $115.00. Leerink Swann also issued estimates for Inogen’s Q4 2017 earnings at $0.18 EPS, Q1 2018 earnings at $0.31 EPS, Q2 2018 earnings at $0.44 EPS, Q3 2018 earnings at $0.42 EPS, Q4 2018 earnings at $0.30 EPS, FY2018 earnings at $1.47 EPS, FY2019 earnings at $1.44 EPS, FY2020 earnings at $1.98 EPS and FY2021 earnings at $2.39 EPS.
Other equities analysts have also issued reports about the stock. Needham & Company LLC reiterated a buy rating and issued a $108.00 price target on shares of Inogen in a research note on Friday, September 1st. BidaskClub lowered shares of Inogen from a strong-buy rating to a buy rating in a research note on Monday, July 31st. Zacks Investment Research lowered shares of Inogen from a strong-buy rating to a hold rating in a research note on Tuesday, July 11th. Finally, Piper Jaffray Companies reiterated a hold rating and issued a $90.00 price target on shares of Inogen in a research note on Tuesday, September 12th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. Inogen presently has a consensus rating of Buy and a consensus price target of $103.14.
Shares of Inogen (NASDAQ INGN) traded down $5.53 during trading hours on Wednesday, reaching $114.19. 238,300 shares of the company traded hands, compared to its average volume of 168,926. The firm has a market capitalization of $2,383.15, a PE ratio of 92.84, a price-to-earnings-growth ratio of 4.80 and a beta of 0.99. Inogen has a 52-week low of $59.84 and a 52-week high of $124.90.
Inogen (NASDAQ:INGN) last announced its quarterly earnings results on Tuesday, November 7th. The medical technology company reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.04. The company had revenue of $69.00 million for the quarter, compared to analyst estimates of $63.55 million. Inogen had a net margin of 11.36% and a return on equity of 13.37%. The firm’s revenue was up 26.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.25 earnings per share. sell-side analysts predict that Inogen will post 1.19 EPS for the current fiscal year.
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In related news, Director Raymond Huggenberger sold 14,000 shares of Inogen stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $91.67, for a total value of $1,283,380.00. Following the transaction, the director now directly owns 7,808 shares in the company, valued at approximately $715,759.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Matt Scribner sold 2,500 shares of Inogen stock in a transaction on Friday, August 18th. The shares were sold at an average price of $92.45, for a total transaction of $231,125.00. Following the completion of the transaction, the executive vice president now owns 6,964 shares in the company, valued at $643,821.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 67,000 shares of company stock worth $6,424,010. Insiders own 5.31% of the company’s stock.
A number of large investors have recently bought and sold shares of INGN. Schroder Investment Management Group acquired a new stake in Inogen in the second quarter valued at $132,000. Ameritas Investment Partners Inc. lifted its holdings in Inogen by 6.1% in the second quarter. Ameritas Investment Partners Inc. now owns 1,495 shares of the medical technology company’s stock valued at $143,000 after acquiring an additional 86 shares during the period. Sei Investments Co. lifted its holdings in Inogen by 38.1% in the second quarter. Sei Investments Co. now owns 1,606 shares of the medical technology company’s stock valued at $153,000 after acquiring an additional 443 shares during the period. Victory Capital Management Inc. lifted its holdings in Inogen by 17.8% in the second quarter. Victory Capital Management Inc. now owns 2,036 shares of the medical technology company’s stock valued at $194,000 after acquiring an additional 307 shares during the period. Finally, Jane Street Group LLC acquired a new stake in Inogen in the first quarter valued at $203,000.
Inogen, Inc is a medical technology company. The Company develops, manufactures and markets portable oxygen concentrators used to deliver supplemental long-term oxygen therapy to patients suffering from chronic respiratory conditions. The Company’s Inogen One systems concentrate the air around the patient to offer a single source of supplemental oxygen anytime, anywhere with a portable device.
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