RBC Capital Remains a Buy on Insulet (PODD)
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According to TipRanks, Singh Chadha is an analyst with an average return of -1.0% and a 47.96% success rate. Singh Chadha covers the Healthcare sector, focusing on stocks such as Johnson & Johnson, Medtronic, and Boston Scientific.
Currently, the analyst consensus on Insulet is a Strong Buy with an average price target of $340.84, representing a 18.24% upside. In a report released on July 14, BTIG also maintained a Buy rating on the stock with a $350.00 price target.
Based on Insulet's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $569 million and a net profit of $35.4 million. In comparison, last year the company earned a revenue of $441.7 million and had a net profit of $51.5 million
Based on the recent corporate insider activity of 65 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PODD in relation to earlier this year. Last month, LUCIANA BORIO, a Director at PODD sold 481.00 shares for a total of $147,056.13.
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