During the last session, Insulet Corporation (NASDAQ:PODD)’s traded shares were 0.44 million, with the beta value of the company hitting 0.68. At the end of the trading day, the stock’s price was $297.56, reflecting an intraday gain of 2.32% or $6.76. The 52-week high for the PODD share is $324.81, that puts it down -9.16 from that peak though still a striking 26.64% gain since the share price plummeted to a 52-week low of $218.28. The company’s market capitalization is $20.64B, and the average intraday trading volume over the past 10 days was 0.29 million shares, and the average trade volume was 297.35K shares over the past three months.
Insulet Corporation (PODD) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.30. PODD has a Sell rating from 1 analyst(s) out of 21 analysts who have looked at this stock. 9 analyst(s) recommend to Hold the stock while 2 suggest Overweight, and 8 recommend a Buy rating for it. 1 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.26.
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Insulet Corporation (PODD) registered a 2.32% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 2.32% in intraday trading to $297.56 this Wednesday, 11/24/21, hitting a weekly high. The stock’s 5-day price performance is -4.28%, and it has moved by -2.09% in 30 days. Based on these gigs, the overall price performance for the year is 17.33%. The short interest in Insulet Corporation (NASDAQ:PODD) is 2.57 million shares and it means that shorts have 9.66 day(s) to cover.
The consensus price target of analysts on Wall Street is $317.13, which implies an increase of 6.17% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $250.00 and $357.00 respectively. As a result, PODD is trading at a discount of -19.98% off the target high and 15.98% off the low.
Insulet Corporation (PODD) estimates and forecasts
Statistics show that Insulet Corporation has outperformed its competitors in share price, compared to the industry in which it operates. Insulet Corporation (PODD) shares have gone up 9.38% during the last six months, with a year-to-date growth rate more than the industry average at 70.00% against 13.80. Yet analysts are ramping up their growth forecast for the fiscal year 2021. Revenue is predicted to grow 52.90% this quarter and then jump 246.20% in the quarter after that. In the rating firms’ projections, revenue will increase 19.90% compared to the previous financial year.
Revenue for the current quarter is expected to be $272.82 million as predicted by 18 analyst(s). Meanwhile, a consensus of 18 analyst(s) estimates revenue growth to $294.73 million by the end of Dec 2021. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $221.68 million and $246.1 million respectively. In this case, analysts expect current quarter sales to grow by 23.10% and then jump by 19.80% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 15.90%. While earnings are projected to return -44.60% in 2021.
Insulet Corporation is due to release its next quarterly earnings between February 21 and February 25. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Insulet Corporation (NASDAQ:PODD)’s Major holders
Insulet Corporation insiders own 0.39% of total outstanding shares while institutional holders control 103.15%, with the float percentage being 103.55%. FMR, LLC is the largest shareholder of the company, while 661 institutions own stock in it. As of Sep 29, 2021, the company held over 10.26 million shares (or 14.88% of all shares), a total value of $2.92 billion in shares.
The next largest institutional holding, with 7.23 million shares, is of Capital Research Global Investors’s that is approximately 10.49% of outstanding shares. At the market price on Sep 29, 2021, these shares were valued at $2.06 billion.
Also, the Mutual Funds coming in first place with the largest holdings of Insulet Corporation (PODD) shares are Growth Fund Of America Inc and Amcap Fund. Data provided on Sep 29, 2021 indicates that Growth Fund Of America Inc owns about 3.55 million shares. This amounts to just over 5.14 percent of the company’s overall shares, with a $1.01 billion market value. The same data shows that the other fund manager holds slightly less at 3.08 million, or about 4.46% of the stock, which is worth about $874.65 million.