Inspire Medical Systems (INSP) Stock Price & Analysis
INSP$71.22+0.25 +0.35%
$2.06B
Market Cap
15.23
P/E
57.48
Forward P/E
51
Score
Inspire Medical Systems (INSP) Stock Price & Analysis
INSP price $71.22 +0.25 +0.35%
- Ticker
- INSP
- Price
- $71.22
- Change
- +0.25 +0.35%
- Market cap ?
- $2.06B
- P/E ?
- 15.23
- Forward P/E ?
- 57.48
- Dividend yield ?
- 0.00%
- Beta ?
- 0.73
- Sector
- Healthcare
- Industry
- Medical - Devices
- Stocklytics score
- 51
- Value
- 56
- Quality
- 60
- Growth
- 38
Stocklytics score rationale: value 56, quality 60, growth 38.
Financials
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| 16427000 | 28567000 | 50593000 | 82050000 | 115381000 | 233394000 | 407856000 | 624799000 | 802804000 | 911981000 |
Inspire Medical Systems, Inc. operates as a medical technology enterprise, concentrating on the development and commercialization of advanced, minimally intrusive therapies for patients diagnosed with obstructive sleep apnea (OSA) across both domestic U.S. and international markets. A cornerstone of its product portfolio is the Inspire system, an innovative neurostimulation solution that offers a safe and proven…
Fair value
INSP fair value $50.47. Price $71.22. Price is 41% above fair value.
Below fair value, and cheaper than usual. A larger discount than on 61% of days in the past 5 years.
Fair value is an estimate of what one share is worth if future cash flows arrive as modeled. It is not a forecast of the share price. How discounted cash flow works.
Calculated with a 10-year free-cash-flow discount. Starting free cash flow 56.87M. Growth 20.00%. When analyst earnings forecasts are available, free cash flow in those years is forecast earnings times the company's usual conversion of earnings into free cash flow, kept between 60% and 130%. Years with fewer than 3 analyst estimates are left out. Growth then fades in a straight line to terminal growth by year 10, starting from the last well-covered year's growth, or from the pace across those years when the final year slows sharply, kept between 0% and 20%. Without those forecasts, year-1 growth is analyst revenue growth for the next full fiscal year, or 5-year historical revenue growth when that forecast is missing, held for five years, then fading in a straight line to terminal growth by year 10. Terminal growth 3.00%. Discount rate 8.70% (beta 0.8). Beta is kept between 0.8 and 2.0, which on its own would make the discount rate 8.7% to 15.3%. The rate is then capped at 12%. A cap is used because a discount above 12% pushes higher-beta stocks further from the price. The discount rate stays at least 5 percentage points above terminal growth. Shares 28.91M. Net debt -72.66M. The earnings value is next-12-months earnings per share, or trailing earnings when that forecast is missing, times the median P/E of the company's industry. That median uses listed stocks worth at least $10 billion with a positive P/E of 100 or below, and the industry needs at least eight of them. Otherwise the sector median is used when that group also has at least eight, then the market median of those large companies. The multiple used is the lower of that median and 1.25 times the stock's own 10-year median P/E, then kept between 8 and 30. If the stock has no 10-year median, the peer median is kept between 8 and 30. Fair value is the average of the cash-flow value and the earnings value when both exist. Card and credit companies use the earnings value only, because changes in customer receivables distort free cash flow. Model uncertainty is high when fair value is more than 60% from the price, or when most of the cash-flow value sits after year 10.
Earnings
| Date | EPS actual | EPS estimate | Revenue | Revenue estimate |
|---|---|---|---|---|
| 2026-11-02 | — | 0.09 | — | 204.31M |
| 2026-08-03 | 0.14 | -0.24 | 200.58M | 194.72M |
| 2026-05-04 | 0.10 | -0.28 | 204.58M | 200.04M |
| 2026-02-11 | 1.65 | 0.69 | 269.08M | 265.69M |
| 2025-11-03 | 0.38 | -0.15 | 224.50M | 262.30M |
| 2025-08-04 | 0.45 | 0.22 | 217.09M | 214.50M |
| 2025-05-05 | 0.10 | -0.23 | 201.32M | 227.70M |
| 2025-02-10 | 1.15 | 0.74 | 239.72M | 239.76M |
| 2024-11-04 | 0.60 | 0.08 | 203.19M | 197.60M |
| 2024-08-06 | 0.32 | -0.14 | 195.88M | 189.46M |
| 2024-05-07 | -0.34 | -0.63 | 164.01M | 161.47M |
| 2024-02-06 | 0.49 | -0.09 | 192.51M | 184.68M |
| 2023-11-07 | -0.29 | -0.53 | 153.30M | 154.45M |
| 2023-08-01 | -0.41 | -0.51 | 151.09M | 136.34M |
| 2023-05-02 | -0.53 | -0.70 | 127.90M | 119.30M |
| 2023-02-07 | 0.10 | -0.57 | 137.90M | 131.07M |
| 2022-11-01 | -0.60 | -0.75 | 109.19M | 94.31M |
| 2022-08-02 | -0.53 | -0.59 | 91.39M | 78.46M |
| 2022-05-03 | -0.61 | -0.78 | 69.38M | 64.17M |
| 2022-02-08 | -0.09 | -0.47 | 78.40M | 74.61M |
| 2021-11-02 | -0.38 | -0.61 | 61.69M | 55.70M |
| 2021-08-03 | -0.48 | -0.61 | 52.96M | 52.96M |
| 2021-05-04 | -0.60 | -0.65 | 40.35M | 36.43M |
| 2021-02-23 | -0.28 | -0.45 | 46.01M | 58.66M |
| 2020-11-02 | -0.39 | -0.71 | 35.84M | 66.17M |
| 2020-08-04 | -0.88 | -1.08 | 12.18M | 15.23M |
| 2020-05-05 | -0.67 | -0.57 | 21.35M | 18.16M |
| 2020-02-25 | -0.38 | -0.42 | 26.91M | 28.32M |
| 2019-11-05 | -0.34 | -0.43 | 20.86M | 25.16M |
| 2019-08-06 | -0.32 | -0.45 | 18.03M | 24.23M |
| 2019-05-07 | -0.35 | -0.39 | 16.25M | 17.64M |
| 2019-02-26 | -0.22 | -0.32 | 16.56M | 23.33M |
| 2018-11-06 | -0.22 | -0.35 | 13.05M | 20.77M |
| 2018-08-07 | -0.43 | -0.52 | 10.94M | 12.97M |
| 2018-06-07 | -5.05 | -3.64 | 10.04M | — |
| 2018-05-04 | -0.34 | — | 9.96M | — |
| 2017-09-30 | -0.32 | — | 7.27M | — |
| 2017-06-30 | -0.38 | — | 6.04M | — |
| 2017-03-31 | -0.36 | — | 5.30M | — |
Dividends
Yield 0.00%. Payout ratio 0.00%. Frequency Irregular.
Safety score 43/100 · Watch. Payout ratio is 0% of earnings. Free-cash-flow coverage is not available, so this part stays neutral. Dividend history is short. There is no dividend yield.
| Ex-date | Dividend | Record | Payment | Frequency |
|---|---|---|---|---|
| 2008-01-09 | $9.00 | — | — | Irregular |
Insider trades
| Date | Insider | Action | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-10-14 | Ellis Gary Lee | Buy | 431 | $68.07 | 29.34K |
| 2026-10-14 | Melenikiotou Georgia | Buy | 255 | $68.07 | 17.36K |
| 2026-10-14 | CARREL MICHAEL H | Buy | 203 | $68.07 | 13.82K |
| 2026-10-14 | Broader Shelley G | Buy | 284 | $68.07 | 19.33K |
| 2026-08-31 | Kelly Jason P | Buy | 6.35K | — | — |
| 2026-08-07 | Kelly Jason P | Sell | 963 | $59.55 | 57.35K |
| 2026-07-31 | Mann Melissa | Sell | 326 | $50.21 | 16.37K |
| 2026-07-20 | CARREL MICHAEL H | Buy | 5.63K | — | — |
| 2026-07-20 | CARREL MICHAEL H | Other | 0 | — | — |
| 2026-07-15 | Melenikiotou Georgia | Buy | 344 | — | — |
| 2026-07-15 | Tansey Casey M | Buy | 346 | — | — |
| 2026-07-15 | Ellis Gary Lee | Buy | 581 | — | — |
| 2026-07-15 | Broader Shelley G | Buy | 383 | — | — |
| 2026-05-15 | Rondoni John | Sell | 2.64K | $43.28 | 114.30K |
| 2026-05-14 | Rondoni John | Sell | 700 | $43.01 | 30.11K |
| 2026-05-08 | mcCormick Shawn | Sell | 696 | $45.31 | 31.54K |
| 2026-05-01 | Melenikiotou Georgia | Sell | 50 | $56.70 | 2.83K |
| 2026-04-30 | Ellis Gary Lee | Buy | 3.56K | — | — |
| 2026-04-30 | Mead Dana G Jr. | Buy | 3.56K | — | — |
| 2026-04-30 | Tansey Casey M | Buy | 3.56K | — | — |
| 2026-04-30 | Curet Myriam | Buy | 3.56K | — | — |
| 2026-04-30 | Burks Cynthia | Buy | 3.56K | — | — |
| 2026-04-30 | Broader Shelley G | Buy | 3.56K | — | — |
| 2026-04-30 | mcCormick Shawn | Buy | 3.56K | — | — |
| 2026-04-30 | Melenikiotou Georgia | Buy | 3.56K | — | — |
| 2026-04-15 | Broader Shelley G | Buy | 342 | $52.07 | 17.81K |
| 2026-04-15 | Melenikiotou Georgia | Buy | 307 | $52.07 | 15.99K |
| 2026-04-15 | Ellis Gary Lee | Buy | 518 | $52.07 | 26.97K |
| 2026-04-15 | Tansey Casey M | Buy | 308 | $52.07 | 16.04K |
| 2026-02-20 | Herbert Timothy P. | Buy | 62.15K | — | — |
| 2026-02-20 | Herbert Timothy P. | Buy | 9.01K | — | — |
| 2026-02-20 | Herbert Timothy P. | Sell | 4.01K | $59.53 | 238.72K |
| 2026-02-20 | Phillips Bryan K | Buy | 8.40K | — | — |
| 2026-02-20 | Phillips Bryan K | Buy | 15.96K | — | — |
| 2026-02-20 | Phillips Bryan K | Buy | 2.40K | — | — |
| 2026-02-20 | Phillips Bryan K | Sell | 735 | $59.53 | 43.75K |
| 2026-02-20 | Kelly Jason P | Buy | 15.96K | — | — |
| 2026-02-20 | Mann Melissa | Buy | 15.96K | — | — |
| 2026-02-20 | Weatherby Carlton | Buy | 12.60K | — | — |
| 2026-02-20 | Weatherby Carlton | Buy | 21.00K | — | — |
| 2026-02-20 | Weatherby Carlton | Buy | 2.20K | — | — |
| 2026-02-20 | Weatherby Carlton | Sell | 672 | $59.53 | 40.00K |
| 2026-02-20 | Rondoni John | Buy | 15.96K | — | — |
| 2026-02-20 | Rondoni John | Buy | 2.40K | — | — |
| 2026-02-20 | Rondoni John | Sell | 735 | $59.53 | 43.75K |
| 2026-02-17 | Osberg Matthew J | Other | 0 | — | — |
| 2026-02-13 | Buchholz Richard | Sell | 579 | $59.76 | 34.60K |
| 2026-02-13 | Herbert Timothy P. | Sell | 1.64K | $59.76 | 97.71K |
| 2026-02-13 | Mann Melissa | Sell | 615 | $59.76 | 36.75K |
| 2026-02-13 | Rondoni John | Sell | 587 | $59.76 | 35.08K |
| 2026-02-13 | Kelly Jason P | Sell | 551 | $59.76 | 32.93K |
| 2026-02-13 | Weatherby Carlton | Sell | 570 | $59.76 | 34.06K |
| 2026-02-13 | Phillips Bryan K | Sell | 579 | $59.76 | 34.60K |
| 2026-02-09 | Weatherby Carlton | Sell | 327 | $66.33 | 21.69K |
| 2026-02-09 | Phillips Bryan K | Sell | 327 | $66.33 | 21.69K |
| 2026-02-09 | Herbert Timothy P. | Sell | 968 | $66.33 | 64.21K |
| 2026-02-09 | Rondoni John | Sell | 327 | $66.33 | 21.69K |
| 2026-02-09 | Buchholz Richard | Sell | 327 | $66.33 | 21.69K |
| 2026-01-15 | Ellis Gary Lee | Buy | 304 | $96.47 | 29.33K |
| 2026-01-15 | Melenikiotou Georgia | Buy | 180 | $96.47 | 17.36K |
| 2026-01-15 | Broader Shelley G | Buy | 200 | $96.47 | 19.29K |
| 2026-01-15 | Tansey Casey M | Buy | 181 | $96.47 | 17.46K |
| 2026-01-09 | Buchholz Richard | Other | 0 | — | — |
| 2026-01-09 | Buchholz Richard | Other | 0 | — | — |
| 2026-01-09 | Buchholz Richard | Other | 5.92K | $227.53 | 1.35M |
| 2026-01-09 | Buchholz Richard | Other | 5.45K | $263.16 | 1.43M |
| 2026-01-09 | Buchholz Richard | Other | 17.30K | $194.82 | 3.37M |
| 2026-01-09 | Buchholz Richard | Other | 4.38K | $194.87 | 852.75K |
| 2026-01-09 | Rondoni John | Sell | 109 | $100.00 | 10.90K |
| 2025-12-02 | mcCormick Shawn | Sell | 1.20K | $139.00 | 166.80K |
| 2025-11-28 | mcCormick Shawn | Sell | 2.00K | $127.48 | 254.96K |
| 2025-10-14 | Melenikiotou Georgia | Buy | 229 | $78.84 | 18.05K |
| 2025-10-14 | Tansey Casey M | Buy | 221 | $78.84 | 17.42K |
| 2025-10-14 | Ellis Gary Lee | Buy | 372 | $78.84 | 29.33K |
| 2025-10-14 | Broader Shelley G | Buy | 245 | $78.84 | 19.32K |
| 2025-08-29 | Buchholz Richard | Sell | 11.00K | $93.39 | 1.03M |
| 2025-08-19 | Buchholz Richard | Buy | 7.16K | $42.15 | 301.75K |
| 2025-08-19 | Buchholz Richard | Sell | 2.65K | $90.24 | 239.05K |
| 2025-08-19 | Buchholz Richard | Sell | 2.46K | $90.21 | 221.47K |
| 2025-08-19 | Buchholz Richard | Sell | 276 | $90.28 | 24.92K |
| 2025-08-19 | Buchholz Richard | Buy | 17.85K | $71.00 | 1.27M |
| 2025-08-19 | Buchholz Richard | Sell | 17.85K | $71.00 | 1.27M |
| 2025-08-19 | Buchholz Richard | Sell | 7.16K | $42.15 | 301.75K |
| 2025-08-08 | Curet Myriam | Sell | 4 | $77.28 | 309 |
| 2025-07-31 | Mann Melissa | Sell | 326 | $124.54 | 40.60K |
| 2025-07-15 | Ellis Gary Lee | Buy | 221 | $128.00 | 28.29K |
| 2025-07-15 | Tansey Casey M | Buy | 133 | $128.00 | 17.02K |
| 2025-07-15 | Broader Shelley G | Buy | 148 | $128.00 | 18.94K |
| 2025-07-15 | Melenikiotou Georgia | Buy | 131 | $128.00 | 16.77K |
| 2025-06-04 | mcCormick Shawn | Buy | 4.00K | $16.00 | 64.00K |
| 2025-06-04 | mcCormick Shawn | Sell | 4.00K | $16.00 | 64.00K |
| 2025-05-19 | Rondoni John | Sell | 1.73K | $149.38 | 259.02K |
| 2025-05-08 | Curet Myriam | Sell | 2 | $153.22 | 306 |
| 2025-05-02 | mcCormick Shawn | Sell | 360 | $160.00 | 57.60K |
| 2025-05-02 | Melenikiotou Georgia | Sell | 35 | — | — |
| 2025-05-01 | Ellis Gary Lee | Buy | 1.27K | — | — |
| 2025-05-01 | Broader Shelley G | Buy | 1.27K | — | — |
| 2025-05-01 | mcCormick Shawn | Buy | 1.27K | — | — |
| 2025-05-01 | Curet Myriam | Buy | 1.27K | — | — |
| 2025-05-01 | Melenikiotou Georgia | Buy | 1.27K | — | — |
Institutional holders
Latest filed quarter: Q2 2026.
Institutions holding: 285, holders -27 vs prior quarter. Ownership 129.90%.
| Holder | Shares | Change | Change % | Value |
|---|---|---|---|---|
| BLACKROCK, INC. | 4.74M | 1.19M | +33.47% | 211.34M |
| WELLINGTON MANAGEMENT GROUP LLP | 2.38M | -153.29K | -6.04% | 106.29M |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 2.09M | 451.79K | +27.60% | 93.19M |
| SOLEUS CAPITAL MANAGEMENT, L.P. | 1.93M | 1.36M | +235.14% | 86.16M |
| AQR CAPITAL MANAGEMENT LLC | 1.86M | 1.55M | +501.56% | 80.94M |
| UBS GROUP AG | 1.65M | 1.01M | +157.54% | 73.41M |
| D. E. SHAW & CO., INC. | 1.47M | 281.93K | +23.72% | 65.60M |
| NOMURA HOLDINGS INC | 1.37M | 1.37M | New | 61.09M |
| DEERFIELD MANAGEMENT COMPANY, L.P. | 1.30M | -1.41M | -52.03% | 57.85M |
| VANGUARD CAPITAL MANAGEMENT LLC | 1.27M | 4.19K | +0.33% | 56.70M |
| STATE STREET CORP | 1.21M | 250.48K | +26.20% | 53.82M |
| ASSENAGON ASSET MANAGEMENT S.A. | 864.39K | 344.22K | +66.17% | 38.56M |
| MORGAN STANLEY | 791.22K | -659.41K | -45.46% | 35.30M |
| ARTISAN PARTNERS LIMITED PARTNERSHIP | 732.32K | -48.25K | -6.18% | 32.67M |
| GEODE CAPITAL MANAGEMENT, LLC | 700.84K | 190.60K | +37.36% | 31.27M |
| BRAIDWELL LP | 677.57K | 0 | 0.00% | 30.23M |
| GOLDMAN SACHS GROUP INC | 645.86K | -18.14K | -2.73% | 28.81M |
| UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC | 546.02K | 97.23K | +21.67% | 24.36M |
| CITADEL ADVISORS LLC | 506.33K | 445.53K | +732.79% | 22.59M |
| SG AMERICAS SECURITIES, LLC | 491.70K | 386.56K | +367.63% | 21.93M |
| BNP PARIBAS FINANCIAL MARKETS | 428.07K | 108.31K | +33.87% | 19.10M |
| RENAISSANCE TECHNOLOGIES LLC | 426.00K | -43.97K | -9.36% | 19.00M |
| ADAR1 CAPITAL MANAGEMENT, LLC | 374.62K | -30.58K | -7.55% | 16.71M |
| ABERDEEN GROUP PLC | 358.97K | -118.51K | -24.82% | 16.01M |
| NORTHERN TRUST CORP | 334.04K | 137.01K | +69.53% | 14.90M |
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