Equities analysts expect Insys Therapeutics Inc (NASDAQ:INSY) to announce $32.27 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Insys Therapeutics’ earnings. The lowest sales estimate is $30.82 million and the highest is $34.00 million. Insys Therapeutics posted sales of $54.86 million in the same quarter last year, which would indicate a negative year over year growth rate of 41.2%. The firm is scheduled to issue its next quarterly earnings results on Monday, April 2nd.
On average, analysts expect that Insys Therapeutics will report full-year sales of $32.27 million for the current financial year, with estimates ranging from $140.03 million to $150.90 million. For the next financial year, analysts expect that the firm will report sales of $161.19 million per share, with estimates ranging from $141.00 million to $186.13 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that that provide coverage for Insys Therapeutics.
A number of equities analysts have recently commented on INSY shares. Oppenheimer restated a “hold” rating on shares of Insys Therapeutics in a report on Monday, October 30th. Zacks Investment Research downgraded Insys Therapeutics from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. Jefferies Group lowered their target price on Insys Therapeutics from $14.00 to $11.00 and set a “buy” rating for the company in a research note on Friday, November 3rd. ValuEngine upgraded Insys Therapeutics from a “sell” rating to a “hold” rating in a research note on Friday, December 29th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $14.00 target price on shares of Insys Therapeutics in a research note on Wednesday, October 11th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $9.38.
Several hedge funds and other institutional investors have recently made changes to their positions in INSY. Dynamic Technology Lab Private Ltd bought a new stake in Insys Therapeutics during the 3rd quarter valued at $119,000. Janney Montgomery Scott LLC bought a new stake in Insys Therapeutics during the 3rd quarter valued at $135,000. SG Americas Securities LLC bought a new stake in Insys Therapeutics during the 2nd quarter valued at $138,000. Voya Investment Management LLC bought a new stake in Insys Therapeutics during the 2nd quarter valued at $149,000. Finally, BNP Paribas Arbitrage SA raised its stake in Insys Therapeutics by 213.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 13,133 shares of the specialty pharmaceutical company’s stock valued at $166,000 after acquiring an additional 8,940 shares in the last quarter. 25.60% of the stock is currently owned by institutional investors and hedge funds.
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About Insys Therapeutics
Insys Therapeutics, Inc is a commercial-stage specialty pharmaceutical company. The Company develops and commercializes supportive care products. The Company’s product Subsys, is a sublingual fentanyl spray for breakthrough cancer pain (BTCP) in opioid-tolerant patients and a single-use product that delivers fentanyl, an opioid analgesic, for transmucosal absorption underneath the tongue.
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