Vestcor Inc Has $526,000 Stock Position in InMode Ltd. (NASDAQ:INMD)

Vestcor Inc reduced its position in shares of InMode Ltd. (NASDAQ:INMD) by 9.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 31,500 shares of the healthcare company’s stock after selling 3,218 shares during the period. Vestcor Inc’s holdings in InMode were worth $526,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Quarry LP raised its stake in shares of InMode by 154.3% in the third quarter. Quarry LP now owns 3,781 shares of the healthcare company’s stock worth $64,000 after purchasing an additional 2,294 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of InMode in the fourth quarter worth approximately $87,000. Farther Finance Advisors LLC raised its stake in shares of InMode by 26.2% in the fourth quarter. Farther Finance Advisors LLC now owns 5,555 shares of the healthcare company’s stock worth $93,000 after purchasing an additional 1,154 shares during the last quarter. National Bank of Canada FI raised its stake in shares of InMode by 6.2% in the third quarter. National Bank of Canada FI now owns 9,985 shares of the healthcare company’s stock worth $169,000 after purchasing an additional 579 shares during the last quarter. Finally, HighTower Advisors LLC purchased a new stake in shares of InMode in the fourth quarter worth approximately $180,000. 68.04% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on the company. Barclays increased their price objective on InMode from $26.00 to $29.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 5th. Needham & Company LLC reissued a “hold” rating on shares of InMode in a research note on Tuesday, February 4th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $22.25.

InMode Stock Down 0.8 %

INMD stock opened at $18.31 on Monday. The firm has a market cap of $1.27 billion, a PE ratio of 7.79 and a beta of 2.07. The business has a 50 day moving average of $17.93 and a 200-day moving average of $17.62. InMode Ltd. has a 12-month low of $14.87 and a 12-month high of $21.92.

InMode Company Profile

InMode Ltd. designs, develops, manufactures, and markets minimally invasive aesthetic medical products based on its proprietary radiofrequency assisted lipolysis and deep subdermal fractional radiofrequency technologies in the United States and internationally. The company offers minimally invasive aesthetic medical products for various procedures, such as liposuction with simultaneous skin tightening, body and face contouring, and ablative skin rejuvenation treatments, as well as for use in women's health conditions and procedures.