Inogen (NASDAQ:INGN) Given “Hold” Rating at Needham & Company LLC

Inogen (NASDAQ:INGNGet Free Report)‘s stock had its “hold” rating reiterated by stock analysts at Needham & Company LLC in a note issued to investors on Thursday,Benzinga reports.

Separately, StockNews.com downgraded shares of Inogen from a “buy” rating to a “hold” rating in a research report on Friday, December 20th.

Read Our Latest Analysis on Inogen

Inogen Stock Up 6.0 %

NASDAQ INGN opened at $12.53 on Thursday. The firm has a market cap of $298.46 million, a PE ratio of -5.57 and a beta of 1.02. The company has a 50 day moving average price of $9.74 and a 200 day moving average price of $10.10. Inogen has a 52 week low of $5.79 and a 52 week high of $13.33.

Inogen (NASDAQ:INGNGet Free Report) last posted its quarterly earnings data on Thursday, November 7th. The medical technology company reported ($0.25) EPS for the quarter, topping the consensus estimate of ($0.51) by $0.26. The firm had revenue of $88.83 million during the quarter, compared to analyst estimates of $83.68 million. Inogen had a negative net margin of 15.89% and a negative return on equity of 27.38%. During the same quarter in the previous year, the business posted ($1.97) EPS. On average, equities research analysts anticipate that Inogen will post -1.73 earnings per share for the current fiscal year.

Institutional Trading of Inogen

Several large investors have recently bought and sold shares of INGN. Quarry LP purchased a new stake in Inogen during the 3rd quarter worth approximately $59,000. Verition Fund Management LLC purchased a new stake in shares of Inogen in the 3rd quarter valued at $106,000. Virtu Financial LLC purchased a new stake in shares of Inogen in the 3rd quarter valued at $111,000. Paloma Partners Management Co purchased a new stake in shares of Inogen in the 3rd quarter valued at $126,000. Finally, Centiva Capital LP purchased a new stake in shares of Inogen in the 3rd quarter valued at $138,000. Hedge funds and other institutional investors own 89.94% of the company’s stock.

About Inogen

(Get Free Report)

Inogen, Inc, a medical technology company, develops, manufactures, and markets portable oxygen concentrators to patients, physicians and other clinicians, and third-party payors in the United States and internationally. Its oxygen concentrators are used to deliver supplemental long-term oxygen therapy to patients suffering from chronic respiratory conditions.

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