Masimo (MASI) Downgraded to “Sell” at BidaskClub
Masimo (NASDAQ:MASI) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday.
A number of other equities analysts have also commented on MASI. BTIG Research raised shares of Masimo from a “neutral” rating to a “buy” rating and set a $100.00 price target on the stock in a research report on Monday, August 14th. Zacks Investment Research lowered shares of Masimo from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $108.00 price target on shares of Masimo in a research report on Friday, November 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. Masimo currently has a consensus rating of “Hold” and a consensus price target of $97.17.
Shares of Masimo (NASDAQ MASI) traded up $0.48 on Thursday, hitting $86.00. 396,352 shares of the stock traded hands, compared to its average volume of 340,552. The company has a market capitalization of $4,418.92, a price-to-earnings ratio of 32.77, a PEG ratio of 2.88 and a beta of 0.72. Masimo has a 52 week low of $63.71 and a 52 week high of $104.71.
In other Masimo news, Director Steven Barker sold 10,000 shares of the stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $90.00, for a total transaction of $900,000.00. Following the sale, the director now directly owns 73,249 shares in the company, valued at $6,592,410. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Yongsam Lee sold 18,198 shares of the stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $88.85, for a total transaction of $1,616,892.30. Following the sale, the executive vice president now owns 70,800 shares in the company, valued at $6,290,580. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 53,074 shares of company stock worth $4,737,245. 16.60% of the stock is owned by insiders.
Institutional investors have recently made changes to their positions in the business. Fortaleza Asset Management Inc. acquired a new stake in Masimo during the second quarter worth about $106,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Masimo by 13.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,018 shares of the medical equipment provider’s stock worth $184,000 after buying an additional 236 shares in the last quarter. DekaBank Deutsche Girozentrale grew its stake in Masimo by 78.3% during the third quarter. DekaBank Deutsche Girozentrale now owns 2,106 shares of the medical equipment provider’s stock worth $182,000 after buying an additional 925 shares in the last quarter. Advisor Group Inc. grew its stake in Masimo by 38.4% during the second quarter. Advisor Group Inc. now owns 2,361 shares of the medical equipment provider’s stock worth $216,000 after buying an additional 655 shares in the last quarter. Finally, Daiwa Securities Group Inc. acquired a new stake in Masimo during the second quarter worth about $219,000. Hedge funds and other institutional investors own 83.74% of the company’s stock.
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Masimo Company Profile
Masimo Corporation is a medical technology company that develops, manufactures and markets a range of non-invasive patient monitoring technologies. The Company’s business is Measure-through Motion and Low Perfusion pulse oximetry monitoring, known as Masimo Signal Extraction Technology (SET) pulse oximetry.
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