Masimo Corp. (NASDAQ:MASI) CEO Joe E. Kiani sold 2,200 shares of the stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $60.00, for a total transaction of $132,000.00. Following the completion of the sale, the chief executive officer now owns 121,441 shares of the company’s stock, valued at approximately $7,286,460. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Masimo Corp. (NASDAQ:MASI) traded up 0.73% during trading on Wednesday, reaching $59.67. 144,558 shares of the company’s stock were exchanged. Masimo Corp. has a 12 month low of $33.03 and a 12 month high of $60.52. The stock has a 50-day moving average price of $59.01 and a 200 day moving average price of $51.27. The firm has a market cap of $2.94 billion, a price-to-earnings ratio of 31.29 and a beta of 0.70.
Masimo Corp. (NASDAQ:MASI) last announced its earnings results on Wednesday, August 3rd. The company reported $0.57 EPS for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.16. Masimo Corp. had a net margin of 15.40% and a return on equity of 29.07%. The firm had revenue of $172.64 million for the quarter, compared to analysts’ expectations of $166.02 million. During the same quarter in the previous year, the business posted $0.36 EPS. The company’s quarterly revenue was up 10.9% on a year-over-year basis. On average, analysts forecast that Masimo Corp. will post $2.02 EPS for the current year.
Several analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Masimo Corp. from a “strong-buy” rating to a “hold” rating in a report on Tuesday. BTIG Research reiterated a “hold” rating on shares of Masimo Corp. in a report on Friday, August 5th. Piper Jaffray Cos. reiterated an “overweight” rating and issued a $55.00 target price (up previously from $52.00) on shares of Masimo Corp. in a report on Friday, August 5th. Finally, Wedbush restated an “outperform” rating and set a $63.00 price objective (up previously from $60.00) on shares of Masimo Corp. in a report on Thursday, August 4th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Masimo Corp. currently has an average rating of “Buy” and an average target price of $52.60.
A number of institutional investors have recently made changes to their positions in MASI. Victory Capital Management Inc. boosted its position in shares of Masimo Corp. by 76.9% in the second quarter. Victory Capital Management Inc. now owns 2,148 shares of the company’s stock worth $113,000 after buying an additional 934 shares during the last quarter. Tower Research Capital LLC TRC purchased a new position in shares of Masimo Corp. during the second quarter worth about $116,000. Quantbot Technologies LP purchased a new position in shares of Masimo Corp. during the second quarter worth about $155,000. Reynders McVeigh Capital Management LLC purchased a new position in shares of Masimo Corp. during the second quarter worth about $203,000. Finally, Janney Capital Management LLC purchased a new position in shares of Masimo Corp. during the second quarter worth about $205,000. Institutional investors own 79.88% of the company’s stock.
Masimo Corp. Company Profile
Masimo Corporation is a medical technology company that develops, manufactures and markets non-invasive patient monitoring products. The Company’s business is measure-through-motion and low-perfusion pulse oximetry monitoring, known as Masimo Signal Extraction Technology (SET) pulse oximetry. Its product offerings include monitoring blood constituents with an optical signature, optical organ oximetry monitoring, electrical brain function monitoring, acoustic respiration monitoring and exhaled gas monitoring.
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