TD Cowen analyst Ritu Baral maintained a Buy rating on Insmed (INSM – Research Report) today. The company’s shares opened today at $28.94.
Baral covers the Healthcare sector, focusing on stocks such as Alnylam Pharma, Insmed, and Madrigal Pharmaceuticals. According to TipRanks, Baral has an average return of 10.2% and a 48.98% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Insmed with a $44.10 average price target, which is a 52.38% upside from current levels. In a report released on January 5, Morgan Stanley also maintained a Buy rating on the stock with a $40.00 price target.
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The company has a one-year high of $32.00 and a one-year low of $16.04. Currently, Insmed has an average volume of 1.45M.
Based on the recent corporate insider activity of 57 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of INSM in relation to earlier this year.
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Insmed (INSM) Company Description:
Insmed, Inc. is a biopharmaceutical company on a mission to transform the lives of patients with serious and rare diseases. Its first commercial product is ARIKAYCE (amikacin liposome inhalation suspension), which is approved in the United States for the treatment of Mycobacterium avium complex (MAC) lung disease as part of a combination antibacterial drug regimen for adult patients with limited or no alternative treatment options. The MAC lung disease is a rare and often chronic infection that can cause irreversible lung damage and can be fatal. Its earlier-stage clinical pipeline includes INS1007, a novel oral reversible inhibitor of dipeptidyl peptidase 1 with therapeutic potential in non-cystic fibrosis bronchiectasis and other inflammatory diseases, and INS1009, an inhaled formulation of a treprostinil prodrug that may offer a differentiated product profile for rare pulmonary disorders, including pulmonary arterial hypertension. The company was founded in 1988 and is headquartered in Bridgewater, NJ.
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