INSULET CORPORATION

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Insulet Shares Rally on FDA Approval of Omnipod 5

01/28/2022 | 10:25am EDT

By Colin Kellaher


Shares of Insulet Corp. rose nearly 10% on Friday after the medical-device company won U.S. Food and Drug Administration approval for its Omnipod 5 automated insulin-delivery system for individuals ages 6 and older with type 1 diabetes.

The FDA nod represents a meaningful milestone for Insulet, said analysts at Citi, who noted that the Acton, Mass., company and its investors have been waiting for a green light for almost a year.

Citi said it believes the Omnipod 5, which is the first tubeless automated insulin-delivery system that integrates with DexCom Inc.'s G6 continuous glucose monitoring system and a compatible smartphone, will be very well received, and the analysts reiterated their buy rating on the stock.

Insulet shares were recently changing hands at $213.12, up 9.4%.


Write to Colin Kellaher at colin.kellaher@wsj.com


(END) Dow Jones Newswires

01-28-22 1025ET

Stocks mentioned in the article
ChangeLast1st jan.
DEXCOM, INC. -1.62% 324.6 Delayed Quote.-38.67%
INSULET CORPORATION -0.49% 196.91 Delayed Quote.-25.55%
All news about INSULET CORPORATION
05/06JPMorgan Adjusts Price Target for Insulet to $275 From $290, Maintains Overweight Ratin..
MT
05/06SVB Securities Adjusts Insulet's Price Target to $280 from $300, Keeps Outperform Ratin..
MT
05/06INSULET CORP Management's Discussion and Analysis of Financial Condition and Results o..
AQ
05/06INSULET CORP : Change in Directors or Principal Officers, Other Events, Financial Statemen..
AQ
05/05Insulet Reports Q1 Profit , Names New CEO
MT
05/05Insulet Announces CEO Transition
BU
05/05TRANSCRIPT : Insulet Corporation, Q1 2022 Earnings Call, May 05, 2022
CI
05/05Insulet Corporation Announces Executive Changes, Effective June 1, 2022
CI
05/05Insulet Corporation Announces Management Changes, Effective June 1, 2022
CI
05/05Insulet Corporation Provides Revenue Guidance for the Quarter Ending June 30, 2022 and ..
CI
More news
Analyst Recommendations on INSULET CORPORATION
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Financials (USD)
Sales 2022 1 233 M - -
Net income 2022 93,3 M - -
Net Debt 2022 207 M - -
P/E ratio 2022 150x
Yield 2022 -
Capitalization 13 803 M 13 803 M -
EV / Sales 2022 11,4x
EV / Sales 2023 9,29x
Nbr of Employees 2 300
Free-Float 99,5%
Chart INSULET CORPORATION
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Insulet Corporation Technical Analysis Chart | PODD | US45784P1012 | MarketScreener
Technical analysis trends INSULET CORPORATION
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TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 17
Last Close Price 199,06 $
Average target price 274,75 $
Spread / Average Target 38,0%
EPS Revisions
Managers and Directors
Shacey Petrovic President, Chief Executive Officer & Director
Wayde Dwight McMillan Chief Financial Officer, Treasurer & Executive VP
Timothy J. Scannell Independent Chairman
Trang Ly Senior Vice President & Medical Director
Charles Alpuche Chief Operations Officer & Executive VP
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