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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
42.730
Open
41.910
VWAP
41.69
Vol
1.39M
Mkt Cap
1.23B
Low
39.730
Amount
57.80M
EV/EBITDA(TTM)
14.00
Total Shares
28.81M
EV
943.89M
EV/OCF(TTM)
6.91
P/S(TTM)
1.36
Inspire Medical Systems, Inc. is a medical technology company. The Company focuses on the development and commercialization of advanced, minimally invasive solutions for patients with obstructive sleep apnea (OSA). Its proprietary Inspire therapy is neurostimulation technology that provides safe and effective treatment for moderate to severe obstructive sleep apnea. The Company's closed-loop solution 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)
2026-05-22
16:20:00
Dow Hits Record High, S&P 500 Posts Eighth Week of Gains
select
2026-05-22
12:10:00
Major Averages Rise as Markets Watch Iran Negotiations
select
2026-05-07 (ET)
2026-05-07
11:00:00
Oppenheimer Notes Billing Confusion Impacting Inspire Medical
select

News

Newsfilter
1.0
06-12Newsfilter
Inspire Medical Systems to Participate in Wells Fargo MedTech Innovation Spotlight
  • Management Participation: Inspire Medical Systems' management team will participate in the Wells Fargo 2026 MedTech Innovation Spotlight on June 26, 2026, showcasing its innovative solutions for obstructive sleep apnea, which is expected to attract investor and industry attention.
  • Live Presentation Schedule: Inspire is scheduled to present at 10:00 a.m. Eastern Time, with the presentation accessible via a live webcast, enhancing the company's visibility in the medical technology sector to a global audience.
  • Replay Availability: A replay of the presentation will be available for two weeks in the Event Archive section of Inspire's investor website, ensuring that investors who cannot attend live can access key information, thereby enhancing information transparency.
  • Introduction of Innovative Technology: Inspire's proprietary therapy is the first FDA, EU MDR, and PDMA-approved neurostimulation technology aimed at providing safe and effective treatment for moderate to severe obstructive sleep apnea patients, further solidifying its market leadership position.
Fool
6.5
06-11Fool
Investment Analysis of Healthcare Device Players
  • Alphatec Growth Momentum: Alphatec's revenue for FY 2025 reached approximately $764.2 million, reflecting a 25% increase, despite a net loss of about $143.4 million; however, its net margin improved from -26.5% to -18.8%, indicating growing market acceptance in spine surgery.
  • Inspire's Profitability Improvement: Inspire Medical Systems achieved revenue of around $912 million in FY 2025, a 13.6% increase, and successfully transitioned to profitability with a net income of approximately $145.4 million, raising its net margin from 6.7% to 15.9%, solidifying its leadership in advanced respiratory care.
  • Competitive Landscape Analysis: Alphatec faces intense competition from giants like Medtronic and Johnson & Johnson, relying on a limited number of suppliers, which may expose it to pricing pressures from hospital consolidations, while Inspire's dependence on its single product makes it vulnerable to shifts in market demand.
  • Valuation Comparison: Alphatec has a forward P/E of 25.8x and a P/S ratio of 1.7x, while Inspire's forward P/E is significantly higher at 47.0x with a P/S ratio of 1.3x, highlighting notable differences in market valuations that investors should consider based on their risk preferences.
NASDAQ.COM
4.5
05-22NASDAQ.COM
US Stocks Close Higher as Market Sentiment Improves
  • Market Recovery: The S&P 500 rose by 0.37% and the Nasdaq 100 by 0.42%, with the Dow Jones Industrial Average hitting an all-time high, reflecting optimism about a potential US-Iran peace deal that could boost investor confidence.
  • Consumer Sentiment Decline: The University of Michigan's consumer sentiment index was revised down to a record low of 44.8, below the expected 48.2, indicating growing concerns among consumers about the economic outlook, which may impact future spending.
  • Rising Inflation Expectations: The 1-year inflation expectations for May were revised upward to 4.8%, exceeding the expected 4.6%, potentially prompting the Federal Reserve to consider interest rate hikes in upcoming meetings, which could pressure the stock market.
  • Tech Stocks Lead Gains: Workday's stock surged over 5% after reporting Q1 adjusted EPS of $2.66, surpassing expectations, highlighting strong performance in the software sector and potentially attracting more investor interest in tech stocks.
NASDAQ.COM
4.5
05-22NASDAQ.COM
US Stocks Rise, Nasdaq Hits Weekly High
  • Strong Market Performance: The S&P 500 rose by 0.50% and the Nasdaq 100 by 0.73%, with the Dow Jones Industrial Average hitting an all-time high, reflecting optimism about a potential US-Iran peace deal that could boost investor confidence.
  • Decline in Consumer Confidence: The University of Michigan's consumer sentiment index was revised down to 44.8, a record low, below the expected 48.2, indicating growing consumer concerns about the economic outlook, which may negatively impact future spending.
  • Rising Inflation Expectations: The 1-year inflation expectations for May were revised up to 4.8%, a 9-month high, exceeding the expected 4.6%, which could prompt the Fed to consider interest rate hikes at the upcoming meeting, affecting market liquidity.
  • Chip Stocks Lead Gains: Qualcomm's stock surged over 12%, leading the Nasdaq 100, demonstrating ongoing market enthusiasm for semiconductor and AI infrastructure, which may yield higher returns for related companies.
NASDAQ.COM
4.5
05-22NASDAQ.COM
US Stocks Rise as Market Optimism Grows
  • Strong Market Performance: The S&P 500 rose by 0.54%, the Nasdaq 100 increased by 0.53%, and the Dow Jones Industrial Average reached an all-time high, reflecting market optimism regarding a potential peace deal between the US and Iran, which could boost investor confidence.
  • Software Stocks Lead Gains: Workday's stock surged over 8% after reporting Q1 adjusted EPS of $2.66, exceeding the consensus of $2.51, and forecasting Q2 subscription revenue of $2.46 billion, further enhancing confidence in the software sector.
  • Oil Price Volatility Affects Markets: Crude oil prices dipped slightly as Qatar coordinated with the US to send a negotiating team to Tehran, raising concerns about future supply; the IEA warned that global oil inventories will remain tight, potentially impacting overall economic growth.
  • International Markets Rebound: The Euro Stoxx 50 climbed 1.23%, China's Shanghai Composite rose 0.87%, and Japan's Nikkei increased by 2.68%, indicating a global market optimism that may provide support for the US market.
seekingalpha
6.0
05-22seekingalpha
BofA Downgrades Inspire Medical to Underperform Amid Coding Concerns
  • Rating Downgrade: Bank of America downgraded Inspire Medical Systems (INSP) from Neutral to Underperform, primarily due to the absence of a clear coding pathway for reimbursement of its Inspire V implant for sleep apnea, leading to decreased market confidence.
  • Revenue Forecast Reduction: Analyst Travis Steed noted that Inspire has already cut its 2026 revenue guidance, projecting growth for 2027; however, the lack of an official code has led to lowered revenue and EPS estimates for 2027 and 2028, reflecting a pessimistic outlook on the company's future.
  • Price Target Cut: BofA slashed Inspire's stock price target from $53 to $39, indicating concerns over the company's future profitability, especially given the significant risks associated with the absence of a stable coding pathway.
  • Market Reaction: Following BofA's downgrade, Inspire's stock fell in premarket trading, reflecting investor concerns about the company's outlook, particularly with the potential delay in obtaining official coding until 2028 or later.
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
Truist
Richard Newitter
Hold
downgrade
$64 -> $50
AI Analysis
2026-05-05
Reason
Truist
Richard Newitter
Price Target
$64 -> $50
AI Analysis
2026-05-05
downgrade
Hold
Reason
Truist analyst Richard Newitter lowered the firm's price target on Inspire Medical to $50 from $64 and keeps a Hold rating on the shares. The company has significantly cut FY26 guidance despite a modest Q1 revenue and EPS beat as I5 coding and WISeR impacts were worse than expected, the analyst tells investors in a research note.
RBC Capital
Sector Perform
to
NULL
downgrade
$56 -> $45
2026-05-05
Reason
RBC Capital
Price Target
$56 -> $45
2026-05-05
downgrade
Sector Perform
to
NULL
Reason
RBC Capital lowered the firm's price target on Inspire Medical to $45 from $56 and keeps a Sector Perform rating on the shares. The company lowered its 2026 revenue guidance to a decline of 4% to 10% from growth of 4% to 10% due to accelerated Inspire 5 coding headwinds, the analyst tells investors in a research note. This, along with the implementation of the WISeR program and modest GLP-1 headwind, will negatively impact Inspire procedure throughout 2026, with potential for some stability into 2027, the firm added.
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 94.34, compared to its 5-year average forward P/E of 21.73. 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
21.73
Current PE
94.34
Overvalued PE
241.63
Undervalued PE
-198.17

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
-12.85
Current EV/EBITDA
103.38
Overvalued EV/EBITDA
156.94
Undervalued EV/EBITDA
-182.64

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
9.71
Current PS
1.40
Overvalued PS
16.09
Undervalued PS
3.32

Financials

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Whales Holding INSP

D
Deerfield Management Company, L.P.
Holding
INSP
+20.88%
3M Return
R
Rock Springs Capital Management LP
Holding
INSP
+18.31%
3M Return
S
Soleus Capital Management, L.P.
Holding
INSP
+9.90%
3M Return
V
VGI Partners Limited
Holding
INSP
+0.55%
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 42.61 USD — it has increased 3.62

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

Inspire Medical Systems, Inc. is a medical technology company. The Company focuses on the development and commercialization of advanced, minimally invasive solutions for patients with obstructive sleep apnea (OSA). Its proprietary Inspire therapy is neurostimulation technology that provides safe and effective treatment for moderate to severe obstructive sleep apnea. The Company's closed-loop solution 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 204.58M USD, increased 1.62

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 -0.39 USD, decreased -490.00

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

Inspire Medical Systems Inc (INSP) has 1333 emplpoyees as of June 20 2026.

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

Today INSP has the market capitalization of 1.23B USD.