Teacher Retirement System of Texas Takes $306,000 Position in InMode Ltd. (NASDAQ:INMD)

Teacher Retirement System of Texas acquired a new position in InMode Ltd. (NASDAQ:INMD - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 18,313 shares of the healthcare company's stock, valued at approximately $306,000.

Several other institutional investors also recently modified their holdings of the company. Intech Investment Management LLC lifted its position in InMode by 36.3% in the fourth quarter. Intech Investment Management LLC now owns 42,300 shares of the healthcare company's stock worth $706,000 after purchasing an additional 11,260 shares during the period. Thrivent Financial for Lutherans lifted its holdings in shares of InMode by 6.1% during the 4th quarter. Thrivent Financial for Lutherans now owns 12,586 shares of the healthcare company's stock worth $210,000 after acquiring an additional 721 shares during the period. Farther Finance Advisors LLC boosted its position in shares of InMode by 26.2% during the 4th quarter. Farther Finance Advisors LLC now owns 5,555 shares of the healthcare company's stock valued at $93,000 after acquiring an additional 1,154 shares in the last quarter. HighTower Advisors LLC bought a new stake in InMode in the fourth quarter valued at about $180,000. Finally, Inspire Advisors LLC raised its position in InMode by 11.5% in the fourth quarter. Inspire Advisors LLC now owns 34,766 shares of the healthcare company's stock worth $581,000 after purchasing an additional 3,574 shares in the last quarter. Institutional investors and hedge funds own 68.04% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Barclays boosted their price target on InMode from $26.00 to $29.00 and gave the company an "overweight" rating in a research note on Wednesday, February 5th. Needham & Company LLC restated a "hold" rating on shares of InMode in a research note on Tuesday, February 4th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $22.25.

InMode Stock Performance

InMode stock traded down $0.59 on Friday, reaching $15.71. The company's stock had a trading volume of 2,845,043 shares, compared to its average volume of 1,177,798. InMode Ltd. has a twelve month low of $14.87 and a twelve month high of $19.99. The company has a market cap of $1.09 billion, a price-to-earnings ratio of 6.69 and a beta of 1.96. The business's fifty day moving average price is $18.33 and its 200 day moving average price is $17.78.

InMode Company Profile

InMode Ltd. designs, develops, manufactures, and markets minimally invasive aesthetic medical products based on its proprietary radiofrequency assisted lipolysis and deep subdermal fractional radiofrequency technologies in the United States and internationally. The company offers minimally invasive aesthetic medical products for various procedures, such as liposuction with simultaneous skin tightening, body and face contouring, and ablative skin rejuvenation treatments, as well as for use in women's health conditions and procedures.