Inspire Medical Systems, Inc. (INSP)

NYSE: INSP · Real-Time Price · USD
197.53
-5.92 (-2.91%)
Oct 22, 2024, 4:00 PM EDT - Market closed
-2.91%
Market Cap 5.89B
Revenue (ttm) 705.71M
Net Income (ttm) 6.01M
Shares Out 29.82M
EPS (ttm) 0.20
PE Ratio 979.47
Forward PE 233.54
Dividend n/a
Ex-Dividend Date n/a
Volume 372,264
Open 203.38
Previous Close 203.45
Day's Range 197.53 - 203.38
52-Week Range 123.00 - 257.40
Beta 1.34
Analysts Buy
Price Target 214.25 (+8.47%)
Earnings Date Nov 4, 2024

About INSP

Inspire Medical Systems, Inc., a medical technology company, focuses on the development and commercialization of minimally invasive solutions for patients with obstructive sleep apnea (OSA) in the United States and internationally. The company offers Inspire system, a neurostimulation technology that provides a safe and effective treatment for moderate to severe OSA. It also develops a novel, closed-loop solution that continuously monitors a patient’s breathing and delivers mild hypoglossal nerve stimulation to maintain an open airway. The comp... [Read more]

Industry Medical Devices
Sector Healthcare
IPO Date May 3, 2018
Employees 1,011
Stock Exchange NYSE
Ticker Symbol INSP
Full Company Profile

Financial Performance

In 2023, Inspire Medical Systems's revenue was $624.80 million, an increase of 53.19% compared to the previous year's $407.86 million. Losses were -$21.15 million, -52.87% less than in 2022.

Financial Statements

Analyst Forecast

According to 12 analysts, the average rating for INSP stock is "Buy." The 12-month stock price forecast is $214.25, which is an increase of 8.47% from the latest price.

Price Target
$214.25
(8.47% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Inspire Medical Systems, Inc. to Report Third Quarter 2024 Financial Results on November 4, 2024

MINNEAPOLIS, Oct. 07, 2024 (GLOBE NEWSWIRE) -- Inspire Medical Systems, Inc. (NYSE: INSP) (Inspire) will release financial results for the third quarter 2024 after the close of trading on Monday, Nove...

15 days ago - GlobeNewsWire

Palantir Technologies, Dell Technologies, and Erie Indemnity Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600

NEW YORK , Sept. 6, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of t...

6 weeks ago - PRNewsWire

Inspire Medical Systems: Inspired, With Improving Risk-Reward (Rating Upgrade)

Inspire Medical Systems has shown impressive growth, become profitable and recently obtained FDA approval for a new device. The company's Inspire system treats sleep apnea with neurostimulation techno...

6 weeks ago - Seeking Alpha

Inspire Medical Systems, Inc. to Present at Upcoming Investor Conferences

MINNEAPOLIS, Aug. 21, 2024 (GLOBE NEWSWIRE) -- Inspire Medical Systems, Inc. (NYSE: INSP) (Inspire), a medical technology company focused on the development and commercialization of innovative, minima...

2 months ago - GlobeNewsWire

Inspire Medical Systems, Inc. (INSP) Q2 2024 Earnings Call Transcript

Inspire Medical Systems, Inc. (INSP) Q2 2024 Earnings Call Transcript

2 months ago - Seeking Alpha

Inspire Medical Systems, Inc. Board Authorizes Share Repurchase Program

MINNEAPOLIS, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Inspire Medical Systems, Inc. (NYSE: INSP) (Inspire, or the company), a medical technology company focused on the development and commercialization of in...

2 months ago - GlobeNewsWire

Inspire Medical Systems, Inc. Announces Second Quarter 2024 Financial Results and Updates 2024 Outlook

Inspire Reports Year-over-Year Revenue Growth of 30% in the Second Quarter Inspire Reports Year-over-Year Revenue Growth of 30% in the Second Quarter

2 months ago - GlobeNewsWire

Inspire Medical Systems, Inc. Announces FDA Approval of the Inspire V System

MINNEAPOLIS, Aug. 02, 2024 (GLOBE NEWSWIRE) -- Inspire Medical Systems, Inc. (NYSE: INSP) (Inspire), a medical technology company focused on the development and commercialization of innovative, minima...

2 months ago - GlobeNewsWire

Sleep Apnea Device Marker Inspire's Stock Rises on Improved Outlook

Inspire Medical Systems (INSP) shares rose Monday after the maker of an implanted device to treat sleep apnea released preliminary results and updated guidance that beat forecasts.

3 months ago - Investopedia

Inspire Medical Systems, Inc. Announces Preliminary Results for Second Quarter of 2024 and Updates 2024 Revenue Outlook

MINNEAPOLIS, July 29, 2024 (GLOBE NEWSWIRE) -- Inspire Medical Systems, Inc. (NYSE: INSP) (Inspire), a medical technology company focused on the development and commercialization of innovative, minima...

3 months ago - GlobeNewsWire

Inspire Medical Systems, Inc. Announces Countrywide Reimbursement in France

MINNEAPOLIS, July 23, 2024 (GLOBE NEWSWIRE) -- Inspire Medical Systems, Inc. (NYSE: INSP) (Inspire), a medical technology company focused on the development and commercialization of innovative, minima...

3 months ago - GlobeNewsWire

Inspire Medical Systems, Inc. Announces the Appointment of Melissa J. Mann as Chief People Officer

MINNEAPOLIS, July 22, 2024 (GLOBE NEWSWIRE) -- Inspire Medical Systems, Inc. (NYSE: INSP) (Inspire), a medical technology company focused on the development and commercialization of innovative, minima...

3 months ago - GlobeNewsWire

Inspire Medical Systems, Inc. Announces CE Mark Certification under the European Union's Medical Device Regulation for Inspire Therapy

MINNEAPOLIS, July 19, 2024 (GLOBE NEWSWIRE) -- Inspire Medical Systems, Inc. (NYSE: INSP) (Inspire), a medical technology company focused on the development and commercialization of innovative, minima...

3 months ago - GlobeNewsWire

Inspire Medical Systems, Inc. Announces CE Mark Certification of Full-Body MRI Compatibility under the European Union's Medical Device Regulation

MINNEAPOLIS, July 19, 2024 (GLOBE NEWSWIRE) -- Inspire Medical Systems, Inc. (NYSE: INSP) (Inspire), a medical technology company focused on the development and commercialization of innovative, minima...

3 months ago - GlobeNewsWire

FDA Labels Inspire Medical's Sleep Apnea Nerve Stimulator Recall As Most Serious

The FDA has labeled a recall of Inspire Medical Systems, Inc.'s INSP nerve-stimulating implant for obstructive sleep apnea as Class I, the most serious kind.

3 months ago - Benzinga

Inspire Medical Systems, Inc. to Report Second Quarter 2024 Financial Results on August 6, 2024

MINNEAPOLIS, July 02, 2024 (GLOBE NEWSWIRE) -- Inspire Medical Systems, Inc. (NYSE: INSP) (Inspire) will release financial results for the second quarter 2024 after the close of trading on Tuesday, Au...

4 months ago - GlobeNewsWire

Inspire Medical Systems, Inc. to Present at the Truist Securities Medtech Conference

MINNEAPOLIS, June 04, 2024 (GLOBE NEWSWIRE) -- Inspire Medical Systems, Inc. (NYSE: INSP) (Inspire), a medical technology company focused on the development and commercialization of innovative, minima...

5 months ago - GlobeNewsWire

Inspire Medical Systems, Inc. to Present at the Jefferies Global Healthcare Conference

MINNEAPOLIS, May 23, 2024 (GLOBE NEWSWIRE) -- Inspire Medical Systems, Inc. (NYSE: INSP) (Inspire), a medical technology company focused on the development and commercialization of innovative, minimal...

5 months ago - GlobeNewsWire

Inspire Medical Systems, Inc. (INSP) Q1 2024 Earnings Call Transcript

Inspire Medical Systems, Inc. (NYSE:INSP) Q1 2024 Results Conference Call May 7, 2024 5:00 PM ET Company Participants Ezgi Yagci - VP, IR Tim Herbert - Chairman and CEO Rick Buchholz - CFO Conference...

6 months ago - Seeking Alpha

Inspire Medical Systems, Inc. Announces First Quarter 2024 Financial Results and Updates 2024 Outlook

Inspire Reports Year-over-Year Revenue Growth of 28% in the First Quarter and Expects Profitability for the Full Year 2024

6 months ago - GlobeNewsWire

Inspire Medical Systems, Inc. to Present at the BofA Securities 2024 Health Care Conference

MINNEAPOLIS, April 30, 2024 (GLOBE NEWSWIRE) -- Inspire Medical Systems, Inc. (NYSE: INSP) (Inspire), a medical technology company focused on the development and commercialization of innovative, minim...

6 months ago - GlobeNewsWire

Inspire Medical Systems: A Potential Example Of Market Mispricing

Inspire Medical Systems is a rapidly growing medical technology company specializing in a device that treats Obstructive Sleep Apnea. The company is still in the early stages of developing their marke...

7 months ago - Seeking Alpha

Inspire Medical Systems, Inc. to Report First Quarter 2024 Financial Results on May 7, 2024

MINNEAPOLIS, April 02, 2024 (GLOBE NEWSWIRE) -- Inspire Medical Systems, Inc. (NYSE: INSP) (Inspire) will release financial results for the first quarter 2024 after the close of trading on Tuesday, Ma...

7 months ago - GlobeNewsWire

Inspire Medical Systems, Inc. to Present at the KeyBanc Life Sciences & MedTech Investor Forum

MINNEAPOLIS, March 05, 2024 (GLOBE NEWSWIRE) -- Inspire Medical Systems, Inc. (NYSE: INSP) (Inspire), a medical technology company focused on the development and commercialization of innovative, minim...

8 months ago - GlobeNewsWire

INSPIRE MEDICAL SHAREHOLDER ACTION REMINDER: Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In Inspire Medical To Contact Him Directly To Discuss Their Options

If you suffered losses exceeding $100,000 investing in Inspire Medical stock or options between May 3, 2023 and November 7, 2023 and would like to discuss your legal rights, call Faruqi & Faruqi partn...

8 months ago - PRNewsWire