Q1 2018 EPS Estimates for Inogen, Inc (INGN) Lifted by Leerink Swann
Inogen, Inc (NASDAQ:INGN) – Research analysts at Leerink Swann raised their Q1 2018 EPS estimates for shares of Inogen in a research note issued to investors on Tuesday. Leerink Swann analyst D. Antalffy now anticipates that the medical technology company will post earnings per share of $0.31 for the quarter, up from their prior estimate of $0.19. Leerink Swann has a “Outperform” rating and a $120.00 price objective on the stock. Leerink Swann also issued estimates for Inogen’s FY2018 earnings at $1.47 EPS and FY2019 earnings at $1.44 EPS.
A number of other analysts have also recently commented on INGN. Zacks Investment Research upgraded shares of Inogen from a “hold” rating to a “buy” rating and set a $131.00 price objective for the company in a research report on Thursday. Needham & Company LLC increased their target price on Inogen from $108.00 to $125.00 and gave the stock a “strong-buy” rating in a report on Wednesday. BidaskClub cut Inogen from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Finally, Piper Jaffray Companies reiterated a “hold” rating and set a $90.00 target price on shares of Inogen in a report on Tuesday, September 12th. Three analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $103.14.
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Shares of Inogen (NASDAQ:INGN) opened at $114.19 on Friday. Inogen has a 1 year low of $59.84 and a 1 year high of $124.90. The company has a market cap of $2,383.15, a price-to-earnings ratio of 92.84, a P/E/G ratio of 4.80 and a beta of 0.99.
Inogen (NASDAQ:INGN) last posted its quarterly earnings results on Tuesday, November 7th. The medical technology company reported $0.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.04. Inogen had a return on equity of 13.37% and a net margin of 11.36%. The company had revenue of $69.00 million for the quarter, compared to the consensus estimate of $63.55 million. During the same quarter in the prior year, the business posted $0.25 EPS. The firm’s quarterly revenue was up 26.8% on a year-over-year basis.
A number of hedge funds have recently modified their holdings of the business. Wells Fargo & Company MN lifted its position in Inogen by 15.7% during the third quarter. Wells Fargo & Company MN now owns 300,025 shares of the medical technology company’s stock worth $28,533,000 after acquiring an additional 40,798 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of Inogen by 12.0% during the third quarter. Legal & General Group Plc now owns 33,188 shares of the medical technology company’s stock worth $3,155,000 after purchasing an additional 3,559 shares during the period. Amundi Pioneer Asset Management Inc. bought a new position in shares of Inogen during the third quarter worth approximately $3,646,000. American International Group Inc. increased its holdings in shares of Inogen by 6.6% during the third quarter. American International Group Inc. now owns 13,480 shares of the medical technology company’s stock worth $1,282,000 after purchasing an additional 829 shares during the period. Finally, Yorktown Management & Research Co Inc bought a new position in shares of Inogen during the third quarter worth approximately $385,000.
In related news, Director Raymond Huggenberger sold 14,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the director now directly owns 7,808 shares in the company, valued at approximately $715,759.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Matt Scribner sold 2,500 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now owns 6,964 shares of the company’s stock, valued at $643,821.80. The disclosure for this sale can be found here. Insiders sold a total of 67,000 shares of company stock valued at $6,424,010 over the last quarter. 5.31% of the stock is currently owned by company insiders.
Inogen Company Profile
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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