Masimo Corporation’s (MASI) “Buy” Rating Reiterated at Stifel Nicolaus

Masimo Corporation (NASDAQ:MASI)‘s stock had its “buy” rating reissued by investment analysts at Stifel Nicolaus in a report issued on Friday. They currently have a $108.00 price target on the medical equipment provider’s stock. Stifel Nicolaus’ target price would indicate a potential upside of 25.58% from the stock’s previous close.

A number of other research analysts have also recently weighed in on the stock. Roth Capital lifted their price objective on shares of Masimo Corporation from $96.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, July 19th. Zacks Investment Research upgraded shares of Masimo Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. BidaskClub upgraded shares of Masimo Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Finally, BTIG Research upgraded shares of Masimo Corporation from a “neutral” rating to a “buy” rating and set a $100.00 price objective for the company in a report on Monday, August 14th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. Masimo Corporation currently has a consensus rating of “Hold” and an average target price of $97.17.

Shares of Masimo Corporation (NASDAQ MASI) traded down $1.93 on Friday, hitting $86.00. 261,418 shares of the company’s stock were exchanged, compared to its average volume of 384,306. The firm has a market cap of $4.37 billion, a price-to-earnings ratio of 32.37 and a beta of 0.75.

Masimo Corporation (NASDAQ:MASI) last announced its quarterly earnings data on Tuesday, October 31st. The medical equipment provider reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.17. The firm had revenue of $193.69 million during the quarter, compared to analysts’ expectations of $189.01 million. Masimo Corporation had a net margin of 45.83% and a return on equity of 22.17%. The business’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.52 earnings per share. research analysts expect that Masimo Corporation will post 2.96 EPS for the current fiscal year.

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In other Masimo Corporation news, EVP Yongsam Lee sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $89.89, for a total transaction of $449,450.00. Following the completion of the transaction, the executive vice president now owns 74,000 shares in the company, valued at approximately $6,651,860. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Sanford Fitch sold 11,000 shares of the business’s stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $87.25, for a total transaction of $959,750.00. Following the transaction, the director now owns 72,249 shares of the company’s stock, valued at approximately $6,303,725.25. The disclosure for this sale can be found here. Insiders have sold a total of 26,000 shares of company stock valued at $2,309,200 in the last quarter. 16.60% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Fortaleza Asset Management Inc. acquired a new position in Masimo Corporation during the 2nd quarter worth approximately $106,000. Dubuque Bank & Trust Co. grew its holdings in Masimo Corporation by 3.4% during the 2nd quarter. Dubuque Bank & Trust Co. now owns 1,869 shares of the medical equipment provider’s stock worth $170,000 after acquiring an additional 61 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Masimo Corporation by 13.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,018 shares of the medical equipment provider’s stock worth $184,000 after buying an additional 236 shares during the last quarter. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Masimo Corporation during the 2nd quarter worth approximately $203,000. Finally, Advisor Group Inc. lifted its position in shares of Masimo Corporation by 38.4% during the 2nd quarter. Advisor Group Inc. now owns 2,361 shares of the medical equipment provider’s stock worth $216,000 after buying an additional 655 shares during the last quarter. Institutional investors own 82.96% of the company’s stock.

About Masimo Corporation

Masimo Corporation is a medical technology company that develops, manufactures and markets a range of non-invasive patient monitoring technologies. The Company’s business is Measure-through Motion and Low Perfusion pulse oximetry monitoring, known as Masimo Signal Extraction Technology (SET) pulse oximetry.

Analyst Recommendations for Masimo Corporation (NASDAQ:MASI)

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