Intech Investment Management LLC acquired a new position in InMode Ltd. (NASDAQ:INMD - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 31,040 shares of the healthcare company's stock, valued at approximately $526,000.
A number of other large investors also recently bought and sold shares of the business. Asset Dedication LLC purchased a new position in shares of InMode in the 2nd quarter worth approximately $33,000. nVerses Capital LLC acquired a new position in shares of InMode during the second quarter worth $42,000. Nisa Investment Advisors LLC lifted its holdings in shares of InMode by 314.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 3,550 shares of the healthcare company's stock valued at $60,000 after purchasing an additional 2,694 shares during the last quarter. B. Riley Wealth Advisors Inc. acquired a new stake in shares of InMode in the 1st quarter worth $171,000. Finally, National Bank of Canada FI grew its stake in InMode by 40.7% during the 2nd quarter. National Bank of Canada FI now owns 9,406 shares of the healthcare company's stock worth $168,000 after buying an additional 2,720 shares during the last quarter. Institutional investors own 68.04% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on INMD. BTIG Research began coverage on InMode in a research note on Thursday, October 17th. They set a "buy" rating and a $25.00 price target on the stock. Needham & Company LLC restated a "hold" rating on shares of InMode in a research note on Thursday, October 31st. Finally, Barclays decreased their price target on shares of InMode from $29.00 to $27.00 and set an "overweight" rating for the company in a report on Monday, October 14th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, InMode has an average rating of "Hold" and an average price target of $22.60.
Read Our Latest Research Report on INMD
InMode Stock Down 0.5 %
Shares of NASDAQ:INMD traded down $0.09 during midday trading on Monday, reaching $19.44. The company's stock had a trading volume of 1,009,604 shares, compared to its average volume of 1,326,044. The stock has a fifty day moving average of $17.67 and a 200 day moving average of $17.50. InMode Ltd. has a twelve month low of $14.87 and a twelve month high of $26.80. The firm has a market capitalization of $1.63 billion, a PE ratio of 10.51 and a beta of 2.15.
InMode Profile
(
Free Report)
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.
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