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INSP Overview

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$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
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Intellectia

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High
62.265
Open
61.970
VWAP
60.19
Vol
893.53K
Mkt Cap
1.70B
Low
58.860
Amount
53.78M
EV/EBITDA(TTM)
21.40
Total Shares
28.59M
EV
1.39B
EV/OCF(TTM)
11.89
P/S(TTM)
1.93
Inspire Medical Systems, Inc. is a medical technology company. The Company is focused on the development and commercialization of advanced, minimally invasive solutions for patients with obstructive sleep apnea (OSA). Its proprietary Inspire therapy is FDA, EU MDR, and PDMA-approved neurostimulation technology that provides a safe and effective treatment for moderate to severe obstructive sleep apnea. It has developed a novel, closed-loop solution that continuously monitors a patient’s breathing and delivers mild hypoglossal nerve stimulation to maintain an open airway. The Company sells its Inspire system to hospitals and ambulatory surgery centers (ASCs) in the United States (U.S.) and in select countries in Europe and Japan through a direct sales organization and sells its Inspire system in Singapore and Hong Kong through distributors. Its direct sales force engages in sales efforts and promotional activities focused on ear, nose and throat (ENT) physicians and sleep centers.
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Events Timeline

(ET)
2026-02-26
14:40:00
Inspire Medical Halts Trading After 34% Surge to $79.11
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2026-02-26
14:30:00
Inspire Medical Shares Surge After KeyBanc Note on CMS Codes
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2026-02-26
14:30:00
Inspire Medical Systems Trading Resumes
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2026-02-26
14:20:00
Inspire Medical Systems Trading Halted Due to Volatility Trading Pause
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2026-02-26
14:20:00
Inspire Medical Halts Trading After 22% Surge to $72.39
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News

Businesswire
7.0
03-02Businesswire
KSF Launches Investigation into Inspire Medical Systems
  • Investigation Launched: Former Louisiana Attorney General Charles C. Foti announces that KSF has initiated an investigation into Inspire Medical Systems, focusing on whether its executives breached fiduciary duties to shareholders, potentially impacting corporate governance.
  • Earnings Guidance Cut: Inspire slashed its 2025 earnings forecast from $2.20-$2.30 per share to $0.40-$0.50, a reduction exceeding 80%, indicating failure to meet necessary training and contracting requirements prior to product launch, leading to weak market demand.
  • Increased Legal Risks: Inspire and its executives are facing a securities class action lawsuit for failing to disclose material information, which could result in substantial financial penalties and reputational damage, further eroding investor confidence.
  • Negative Market Reaction: The ongoing investigation and drastic earnings cut may exert significant pressure on Inspire's stock price, prompting investors to closely monitor subsequent legal developments and corporate governance improvements.
seekingalpha
8.5
02-26seekingalpha
Inspire Medical Systems Shares Rise 15% on Positive CMS Coding News
  • Stock Surge: Inspire Medical Systems' shares rose approximately 15% on Thursday, driven by KeyBanc Capital Markets' positive outlook regarding CMS's potential addition of several codes for the company's Inspire V implant for sleep apnea.
  • New Coding Announcement: The MLN Connects newsletter referenced by KeyBanc indicates that new codes will take effect on January 1, 2026, covering the implantation, replacement, and removal of neurostimulator arrays and pulse generators, highlighting CMS's commitment to improving coding accuracy.
  • Positive Market Reaction: Analysts Brett Fishbin and William Korner noted that while this development is still in its early stages, it is viewed as a positive signal that could expedite clarity on permanent and product-specific payment approaches, potentially impacting the company's future revenue.
  • Revenue Outlook: Inspire Medical Systems projects a revenue outlook of $950 million to $1 billion for 2026, and despite facing coding changes and reimbursement headwinds, analysts remain optimistic about the company's growth potential.
Yahoo Finance
9.5
02-15Yahoo Finance
Inspire Medical Systems Faces Near-Term Challenges
  • Price Target Reduction: Stifel lowered its price target for Inspire Medical Systems from $110 to $95 while maintaining a Buy rating, indicating ongoing reimbursement challenges that impact the company's operations and billing environment.
  • Profitability Constraints: Although Inspire's projected revenue growth for 2026 remains in the high single digits, the implementation of a new CPT code could reduce physician payments by 10%-50%, potentially slowing procedure volumes and new account growth, thereby affecting future performance.
  • Widespread Rating Downgrades: Baird and Wells Fargo downgraded Inspire's ratings to Neutral and Equal Weight, respectively, citing uncertainty around physician reimbursements and a weaker growth outlook for 2026, which raises concerns about the company's future performance.
  • Strong Financial Performance: Despite challenges, Inspire reported a 12% year-over-year revenue increase in Q4, with earnings of $1.65 per share exceeding expectations and margins improving to 17.5%, demonstrating the company's potential for profitability amidst headwinds.
PRnewswire
7.0
02-14PRnewswire
KSF Launches Investigation into Inspire Medical Systems
  • Investigation Launched: Former Louisiana Attorney General Charles C. Foti announced that KSF has initiated an investigation into Inspire Medical Systems, focusing on whether its executives breached fiduciary duties, which could impact corporate governance.
  • Earnings Guidance Cut: Inspire Medical Systems slashed its 2025 earnings forecast from $2.20-$2.30 per share to $0.40-$0.50, a reduction exceeding 80%, indicating failure to meet necessary training and contracting requirements prior to product launch, leading to weak market demand.
  • Legal Action Risks: The company and its executives are facing a securities class action lawsuit for failing to disclose material information, which could result in further financial losses and damage to reputation, affecting investor confidence.
  • Negative Market Reaction: Due to the investigation and earnings cut, Inspire Medical Systems' stock price may face ongoing pressure, prompting investors to monitor subsequent legal developments and corporate governance improvements.
Benzinga
4.0
02-12Benzinga
Wall Street Analysts Adjust Ratings
  • Analyst Rating Changes: Top Wall Street analysts have adjusted their ratings on several companies, indicating a shift in market sentiment that could influence investor decisions and market trends.
  • Overview of Updates: While specific upgrades and downgrades are not detailed, the overall rating changes may prompt investors to reassess their positions, potentially affecting trading volumes and price fluctuations of the related stocks.
  • Expected Market Reaction: Analyst rating adjustments typically elicit immediate market responses, and investors should monitor these changes to seize potential investment opportunities or mitigate risks.
  • Source of Information: This information is provided by Benzinga, highlighting the significance of analyst ratings in investment decisions, and investors are encouraged to regularly check the analyst ratings page for the latest updates.
Benzinga
6.0
02-12Benzinga
Wall Street Analysts Adjust Ratings
  • Analyst Rating Changes: Top Wall Street analysts have adjusted their ratings on several companies, indicating a shift in market sentiment that could influence investor decisions and market trends.
  • Upgrades and Downgrades: While specific upgrades and downgrades are not detailed, such changes typically have a direct impact on the stock prices of the affected companies, prompting investors to closely monitor these shifts to optimize their portfolios.
  • Market Reaction Expectations: The adjustments in analyst ratings may trigger short-term market volatility, particularly when investor sentiment is sensitive to certain stocks, potentially leading to rapid price increases or decreases.
  • Impact on Investor Decisions: As analysts revise their views on stocks, investors may reassess their investment strategies when considering buying or holding these stocks, thereby affecting overall market liquidity.
Wall Street analysts forecast INSP stock price to rise
19 Analyst Rating
Wall Street analysts forecast INSP stock price to rise
13 Buy
6 Hold
0 Sell
Moderate Buy
Current: 0.000
sliders
Low
91.00
Averages
145.31
High
180.00
Current: 0.000
sliders
Low
91.00
Averages
145.31
High
180.00
Stifel
Buy
downgrade
$95 -> $85
AI Analysis
2026-03-05
Reason
Stifel
Price Target
$95 -> $85
AI Analysis
2026-03-05
downgrade
Buy
Reason
Stifel lowered the firm's price target on Inspire Medical to $85 from $95 and keeps a Buy rating on the shares. The firm acknowledges near-term uncertainty and moved its 2026 estimates slightly below the low-end of management's recently revised guidance, the analyst tells investors.
Morgan Stanley
Equal Weight
downgrade
$130 -> $60
2026-02-18
Reason
Morgan Stanley
Price Target
$130 -> $60
2026-02-18
downgrade
Equal Weight
Reason
Morgan Stanley lowered the firm's price target on Inspire Medical to $60 from $130 and keeps an Equal Weight rating on the shares. Following Q4 earnings, the firm makes a number of changes to its estimates through 2029, telling investors that the company's recent cut to its FY26 sales guidance "raised new uncertainties that affect our thesis."
Unlock Full Analyst Thesis, Get the complete breakdown of rating reason for INSP
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Valuation Metrics

The current forward P/E ratio for Inspire Medical Systems Inc (INSP.N) is 58.01, compared to its 5-year average forward P/E of 12.17. For a more detailed relative valuation and DCF analysis to assess Inspire Medical Systems Inc's fair value, Click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average PE
12.17
Current PE
58.01
Overvalued PE
237.37
Undervalued PE
-213.03

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average EV/EBITDA
-24.42
Current EV/EBITDA
12.71
Overvalued EV/EBITDA
148.92
Undervalued EV/EBITDA
-197.76

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PS
11.42
Current PS
2.77
Overvalued PS
18.41
Undervalued PS
4.43

Financials

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Whales Holding INSP

D
Deerfield Management Company, L.P.
Holding
INSP
+0.18%
3M Return
B
Braidwell LP
Holding
INSP
-0.35%
3M Return
S
Soleus Capital Management, L.P.
Holding
INSP
-5.17%
3M Return
R
Rock Springs Capital Management LP
Holding
INSP
-6.53%
3M Return

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Frequently Asked Questions

What is Inspire Medical Systems Inc (INSP) stock price today?

The current price of INSP is 59.44 USD — it has decreased -3.96

What is Inspire Medical Systems Inc (INSP)'s business?

Inspire Medical Systems, Inc. is a medical technology company. The Company is focused on the development and commercialization of advanced, minimally invasive solutions for patients with obstructive sleep apnea (OSA). Its proprietary Inspire therapy is FDA, EU MDR, and PDMA-approved neurostimulation technology that provides a safe and effective treatment for moderate to severe obstructive sleep apnea. It has developed a novel, closed-loop solution that continuously monitors a patient’s breathing and delivers mild hypoglossal nerve stimulation to maintain an open airway. The Company sells its Inspire system to hospitals and ambulatory surgery centers (ASCs) in the United States (U.S.) and in select countries in Europe and Japan through a direct sales organization and sells its Inspire system in Singapore and Hong Kong through distributors. Its direct sales force engages in sales efforts and promotional activities focused on ear, nose and throat (ENT) physicians and sleep centers.

What is the price predicton of INSP Stock?

Wall Street analysts forecast INSP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for INSP is145.31 USD with a low forecast of 91.00 USD and a high forecast of 180.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

What is Inspire Medical Systems Inc (INSP)'s revenue for the last quarter?

Inspire Medical Systems Inc revenue for the last quarter amounts to 269.08M USD, increased 12.25

What is Inspire Medical Systems Inc (INSP)'s earnings per share (EPS) for the last quarter?

Inspire Medical Systems Inc. EPS for the last quarter amounts to 4.66 USD, increased 301.72

How many employees does Inspire Medical Systems Inc (INSP). have?

Inspire Medical Systems Inc (INSP) has 1333 emplpoyees as of March 11 2026.

What is Inspire Medical Systems Inc (INSP) market cap?

Today INSP has the market capitalization of 1.70B USD.