Fintel reports that on November 6, 2024, Raymond James upgraded their outlook for Masimo (NasdaqGS:MASI) from Market Perform to Outperform.
Analyst Price Forecast Suggests 5.34% Downside
As of October 22, 2024, the average one-year price target for Masimo is $158.68/share. The forecasts range from a low of $126.25 to a high of $178.50. The average price target represents a decrease of 5.34% from its latest reported closing price of $167.63 / share.
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The projected annual revenue for Masimo is 2,639MM, an increase of 29.20%. The projected annual non-GAAP EPS is 5.33.
What is the Fund Sentiment?
There are 772 funds or institutions reporting positions in Masimo. This is an increase of 19 owner(s) or 2.52% in the last quarter. Average portfolio weight of all funds dedicated to MASI is 0.29%, an increase of 12.67%. Total shares owned by institutions decreased in the last three months by 4.91% to 56,238K shares. 
The put/call ratio of MASI is 0.58, indicating a bullish outlook.
What are Other Shareholders Doing?
Politan Capital Management holds 4,715K shares representing 8.82% ownership of the company. In its prior filing, the firm reported owning 4,714K shares , representing an increase of 0.03%. The firm increased its portfolio allocation in MASI by 0.51% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,603K shares representing 3.00% ownership of the company. In its prior filing, the firm reported owning 1,516K shares , representing an increase of 5.41%. The firm decreased its portfolio allocation in MASI by 11.84% over the last quarter.
Rtw Investments holds 1,462K shares representing 2.73% ownership of the company. No change in the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 1,387K shares representing 2.59% ownership of the company. In its prior filing, the firm reported owning 1,382K shares , representing an increase of 0.37%. The firm decreased its portfolio allocation in MASI by 11.88% over the last quarter.
NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 1,268K shares representing 2.37% ownership of the company. In its prior filing, the firm reported owning 1,213K shares , representing an increase of 4.39%. The firm decreased its portfolio allocation in MASI by 5.90% over the last quarter.
Masimo Background Information
(This description is provided by the company.)
Masimo is a global medical technology company that develops and produces a wide array of industry-leading monitoring technologies, including innovative measurements, sensors, patient monitors, and automation and connectivity solutions. Masimo's mission is to improve patient outcomes and reduce the cost of care. Masimo SET® Measure-through Motion and Low Perfusion™ pulse oximetry, introduced in 1995, has been shown in over 100 independent and objective studies to outperform other pulse oximetry technologies.4 Masimo SET® has also been shown to help clinicians reduce severe retinopathy of prematurity in neonates,5 improve CCHD screening in newborns,6 and, when used for continuous monitoring with Masimo Patient SafetyNet™ in post-surgical wards, reduce rapid response team activations, ICU transfers, and costs.7-10 Masimo SET® is estimated to be used on more than 200 million patients in leading hospitals and other healthcare settings around the world,11 and is the primary pulse oximetry at 9 of the top 10 hospitals according to the 2020-21 U.S. News and World Report Best Hospitals Honor Roll.12 Masimo continues to refine SET® and in 2018, announced that SpO2 accuracy on RD SET® sensors during conditions of motion has been significantly improved, providing clinicians with even greater confidence that the SpO2 values they rely on accurately reflect a patient's physiological status. In 2005, Masimo introduced rainbow® Pulse CO-Oximetry technology, allowing noninvasive and continuous monitoring of blood constituents that previously could only be measured invasively, including total hemoglobin (SpHb®), oxygen content (SpOC™), carboxyhemoglobin (SpCO®), methemoglobin (SpMet®), Pleth Variability Index (PVi®), RPVi™ (rainbow® PVi), and Oxygen Reserve Index (ORi™). In 2013, Masimo introduced the Root® Patient Monitoring and Connectivity Platform, built from the ground up to be as flexible and expandable as possible to facilitate the addition of other Masimo and third-party monitoring technologies; key Masimo additions include Next Generation SedLine® Brain Function Monitoring, O3® Regional Oximetry, and ISA™ Capnography with NomoLine® sampling lines. Masimo's family of continuous and spot-check monitoring Pulse CO-Oximeters® includes devices designed for use in a variety of clinical and non-clinical scenarios, including tetherless, wearable technology, such as Radius-7® and Radius PPG™, portable devices like Rad-67™, fingertip pulse oximeters like MightySat® Rx, and devices available for use both in the hospital and at home, such as Rad-97®. Masimo hospital automation and connectivity solutions are centered around the Masimo Hospital Automation™ platform, and include Iris® Gateway, iSirona™, Patient SafetyNet, Replica™, Halo ION™, UniView™, UniView :60™, and Masimo SafetyNet™.
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