Masimo Corp. (MASI) CEO Joe E. Kiani Sells 4,464 Shares
Masimo Corp. (NASDAQ:MASI) CEO Joe E. Kiani sold 4,464 shares of the company’s stock in a transaction that occurred on Tuesday, September 27th. The shares were sold at an average price of $60.01, for a total value of $267,884.64. Following the transaction, the chief executive officer now directly owns 123,705 shares in the company, valued at approximately $7,423,537.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Masimo Corp. (NASDAQ:MASI) opened at 58.58 on Friday. Masimo Corp. has a one year low of $33.03 and a one year high of $60.52. The stock has a market cap of $2.89 billion, a price-to-earnings ratio of 30.72 and a beta of 0.80. The company has a 50 day moving average price of $58.89 and a 200-day moving average price of $50.60.
Masimo Corp. (NASDAQ:MASI) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.57 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.16. The firm had revenue of $172.64 million for the quarter, compared to analyst estimates of $166.02 million. Masimo Corp. had a net margin of 15.40% and a return on equity of 29.07%. Masimo Corp.’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period last year, the company posted $0.36 EPS. Equities analysts predict that Masimo Corp. will post $2.02 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of MASI. Victory Capital Management Inc. raised its position in 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 period. Tower Research Capital LLC TRC acquired a new position in Masimo Corp. during the second quarter worth $116,000. Quantbot Technologies LP acquired a new position in Masimo Corp. during the second quarter worth $155,000. Reynders McVeigh Capital Management LLC acquired a new position in Masimo Corp. during the second quarter worth $203,000. Finally, Janney Capital Management LLC acquired a new position in Masimo Corp. during the second quarter worth $205,000. 79.88% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have recently commented on the company. BTIG Research reaffirmed a “hold” rating on shares of Masimo Corp. in a research note on Friday, August 5th. Piper Jaffray Cos. reaffirmed an “overweight” rating and set a $55.00 target price (up previously from $52.00) on shares of Masimo Corp. in a research note on Friday, August 5th. Finally, Wedbush reaffirmed an “outperform” rating and set a $63.00 target price (up previously from $60.00) on shares of Masimo Corp. in a research note on Thursday, August 4th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $52.60.
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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