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MarketScreener Homepage  >  Equities  >  Nyse  >  Inspire Medical Systems, Inc.    INSP

INSPIRE MEDICAL SYSTEMS, INC.

(INSP)
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Inspire Medical Shares Rise on UnitedHealthcare Coverage

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07/08/2019 | 11:23am EST

By Colin Kellaher

Shares of Inspire Medical Systems rose more than 5% on Monday after the medical-technology company said health insurer UnitedHealthcare will provide coverage for the company's therapy, effective Aug. 1.

Inspire said UnitedHealthcare, a unit of UnitedHealth Group, considers the company's hypoglossal nerve neurostimulation device to be medically necessary for the treatment of moderate to severe obstructive sleep apnea when specified criteria are met.

The Golden Valley, Minn., company said it now has 35 coverage policies representing about 125 million members that cover the Inspire therapy, compared with 3 million members a year ago.

Analysts at SVB Leerink said the UnitedHealthcare decision is "a big incremental positive" for Inspire, adding that they believe the company "is nearing a reimbursement 'tipping point' that should lead to accelerated adoption of its technology."

Shares of Inspire were recently up 6.9% to $68.28.

Write to Colin Kellaher at colin.kellaher@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
INSPIRE MEDICAL SYSTEMS, INC. 0.11% 82.47 Delayed Quote.11.13%
ONE STOP SYSTEMS, INC. 0.99% 2.05 Delayed Quote.1.49%
UNITEDHEALTH GROUP -0.75% 298.47 Delayed Quote.1.53%
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Financials (USD)
Sales 2019 78,9 M
EBIT 2019 -35,9 M
Net income 2019 -34,0 M
Debt 2019 -
Yield 2019 -
P/E ratio 2019 -57,8x
P/E ratio 2020 -51,8x
Capi. / Sales2019 24,4x
Capi. / Sales2020 17,9x
Capitalization 1 930 M
Chart INSPIRE MEDICAL SYSTEMS, INC.
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Inspire Medical Systems, Inc. Technical Analysis Chart | MarketScreener
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Technical analysis trends INSPIRE MEDICAL SYSTEMS, I
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 7
Average target price 75,86  $
Last Close Price 82,47  $
Spread / Highest target 9,13%
Spread / Average Target -8,02%
Spread / Lowest Target -38,2%
EPS Revisions
Managers
NameTitle
Timothy P. Herbert President, CEO, Secretary & Director
Marilyn Carlson Nelson Chairman
John Rondoni VP-Product Development, Operations & Quality
Richard John Buchholz Chief Financial Officer
Quan Ni Vice President-Research
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