Masimo Corporation (MASI)

NASDAQ: MASI · IEX Real-Time Price · USD
124.10
+3.49 (2.89%)
At close: May 17, 2024, 4:00 PM
123.80
-0.30 (-0.24%)
After-hours: May 17, 2024, 5:00 PM EDT
2.89%
Market Cap 6.59B
Revenue (ttm) 1.98B
Net Income (ttm) 79.10M
Shares Out 53.09M
EPS (ttm) 1.47
PE Ratio 84.42
Forward PE 34.36
Dividend n/a
Ex-Dividend Date n/a
Volume 814,255
Open 120.70
Previous Close 120.61
Day's Range 119.50 - 124.45
52-Week Range 75.22 - 169.58
Beta 0.99
Analysts Buy
Price Target 148.60 (+19.74%)
Earnings Date May 7, 2024

About MASI

Masimo Corporation develops, manufactures, and markets various patient monitoring technologies, and automation and connectivity solutions worldwide. The company offers masimo signal extraction technology (SET) pulse oximetry with measure-through motion and low perfusion pulse oximetry monitoring to address the primary limitations of conventional pulse oximetry; Masimo rainbow SET platform, including rainbow SET Pulse CO-Oximetry products that allows noninvasive monitoring of carboxyhemoglobin, methemoglobin, hemoglobin concentration, fractional... [Read more]

Industry Medical Devices
Sector Healthcare
IPO Date Aug 8, 2007
Employees 3,800
Stock Exchange NASDAQ
Ticker Symbol MASI
Full Company Profile

Financial Performance

In 2023, Masimo's revenue was $2.05 billion, an increase of 0.60% compared to the previous year's $2.04 billion. Earnings were $81.50 million, a decrease of -43.21%.

Financial Statements

Analyst Forecast

According to 7 analysts, the average rating for MASI stock is "Buy." The 12-month stock price forecast is $148.6, which is an increase of 19.74% from the latest price.

Price Target
$148.6
(19.74% upside)
Analyst Consensus: Buy
Stock Forecasts

News

ROSEN, TOP RANKED GLOBAL COUNSEL, Encourages Masimo Corporation Investors to Inquire About Securities Class Action Investigation - MASI

NEW YORK , May 18, 2024 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Masimo Corporation (NA...

1 day ago - PRNewsWire

Masimo CEO: Our healthcare investors don't know how to deal with the consumer side of the business

Joe Kiani, Masimo CEO, joins  'Closing Bell Overtime' to talk the proxy fight, its healthcare versus its consumer segment, its consumer product lineup and more.

1 day ago - CNBC Television

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Masimo Corporation - MASI

NEW YORK , May 16, 2024 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Masimo Corporation ("Masimo" or the "Company") (NASDAQ: MASI). Such investors are advised to con...

2 days ago - PRNewsWire

Masimo and Denon Introduce White PerL™ and PerL Pro™ Earbuds, Redefining Style and Customization in Personalized Audio

IRVINE, Calif.--(BUSINESS WIRE)--Denon PerL™ and PerL Pro™ True Wireless earbuds - the epitome of personalized audio listening - are now available in white.

2 days ago - Business Wire

Kirby McInerney LLP Announces Investigation of Shareholder Claims Against Masimo Corporation (MASI)

NEW YORK--(BUSINESS WIRE)-- #Investigation--The law firm of Kirby McInerney LLP is investigating potential claims against Masimo Corporation (“Masimo” or the “Company”) (NASDAQ: MASI). The investigati...

4 days ago - Business Wire

Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of Masimo Corporation (MASI) on Behalf of Investors

LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Masimo Corporatio...

4 days ago - Business Wire

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Masimo Corporation (MASI) on Behalf of Investors

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of Masimo Corporation (“Masimo” or the “Company”) (NASDAQ: MASI) investors concerning the Company's ...

5 days ago - Business Wire

The Law Offices of Frank R. Cruz Announces Investigation of Masimo Corporation (MASI) on Behalf of Investors

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of Masimo Corporation (“Masimo” or the “Company”) (NASDAQ: MASI) on behalf of investors concerning the Company...

5 days ago - Business Wire

ROSEN, NATIONAL INVESTOR COUNSEL, Encourages Masimo Corporation Investors to Inquire About Securities Class Action Investigation - MASI

NEW YORK , May 11, 2024 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Masimo Corporatio...

7 days ago - PRNewsWire

ROSEN, A TOP RANKED LAW FIRM, Encourages Masimo Corporation Investors to Inquire About Securities Class Action Investigation – MASI

NEW YORK--(BUSINESS WIRE)---- $MASI #MASI--WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Masimo Corpora...

9 days ago - Business Wire

Masimo seeks to stave off proxy fight with Politan, makes settlement offer

Masimo offered to settle with a dissident director who is planning a second proxy fight.

9 days ago - CNBC

Masimo says prepared to provide one board seat to activist Politan

Masimo said on Thursday that it is prepared to appoint Politan Capital Management's nominee William Jellison as a director on its board, if the activist investor withdraws its other nominee and drops ...

9 days ago - Reuters

Masimo activist director Koffey demands ‘basic' information on company's proposed spinoff

Masimo activist Quentin Koffey says he'll pursue litigation if the health-tech company doesn't provide information on a proposed spinout of a business unit.

10 days ago - CNBC

Masimo to Present in BofA Securities Health Care Conference

IRVINE, Calif.--(BUSINESS WIRE)--Masimo (NASDAQ: MASI) today announced that its management will participate in the BofA Securities Health Care Conference on Wednesday, May 15, 2024 at 4:20 p.m. Pacifi...

10 days ago - Business Wire

Masimo Reports First Quarter 2024 Financial Results

IRVINE, Calif.--(BUSINESS WIRE)--Masimo Corporation (Nasdaq: MASI) today announced its financial results for the first quarter ended March 30, 2024. First Quarter 2024 Results: Consolidated revenue wa...

11 days ago - Business Wire

Masimo Receives FDA Clearance for Stork™ Over-the-Counter (OTC) Baby Monitoring System

IRVINE, Calif.--(BUSINESS WIRE)--The Masimo Stork™ baby monitoring system has received FDA clearance for use over the counter (OTC) without the need for a prescription.

12 days ago - Business Wire

Masimo's billionaire CEO put shares on margin to get cash while keeping ownership ahead of proxy fight

Masimo has allowed founder Joe Kiani to pledge more than half his $660 million stake in the company as collateral for personal loans.

17 days ago - CNBC

Masimo to Report First Quarter 2024 Financial Results after Market Close on Tuesday, May 7

IRVINE, Calif.--(BUSINESS WIRE)--Masimo (NASDAQ: MASI) will release first quarter 2024 financial results for the period ended March 30, 2024, after the market closes on Tuesday, May 7, 2024. The confe...

25 days ago - Business Wire

Masimo Founder and CEO Joe Kiani to Speak on AI at Global Patient Safety Summit in Chile

SANTIAGO, Chile--(BUSINESS WIRE)--Masimo CEO Joe Kiani will speak at the Global Ministerial Summit on Patient Safety in Chile about how AI-based solutions can improve patient safety.

4 weeks ago - Business Wire

Masimo To Explore Spin-Off Of Its Consumer Unit

On March 22, 2024, Masimo MASI Corporation, a global leader in non-invasive monitoring technologies and audio products, announced that its Board of directors had authorized management to evaluate a pr...

5 weeks ago - Forbes

Masimo Responds to Politan Capital's Nomination of Director Candidates and Refutes Politan's False Claims

IRVINE, Calif.--(BUSINESS WIRE)--Masimo (NASDAQ: MASI) today confirmed that Politan Capital Management LP (“Politan”) has provided notice of its intent to nominate two candidates to stand for election...

6 weeks ago - Business Wire

Masimo CEO on potential split, proxy battle and spinning off consumer business

Joe Kiani, Masimo CEO, joins 'Closing Bell: Overtime' to discuss the company spinning off its consumer business.

7 weeks ago - CNBC Television

Masimo May Look at Joint Venture for Consumer Split, CEO Says

The medical-device maker has been approached by a potential joint venture partner, CEO Joe Kiani said.

7 weeks ago - WSJ

Activist investor plans second fight at Masimo, sending shares up 12%

Quentin Koffey's Politan Capital waged a successful proxy fight at Masimo last year, and it is now seeking two more board seats.

7 weeks ago - CNBC

Politan Nominates Two Independent Candidates for Masimo Board

NEW YORK--(BUSINESS WIRE)--Politan Capital Management (together with its affiliates, “Politan”), an 8.9% shareholder of Masimo Corporation (“Masimo” or the “Company”) (NASDAQ: MASI), today announced t...

7 weeks ago - Business Wire