Intuitive Surgical, Inc. (NASDAQ:ISRG) Receives Average Recommendation of “Moderate Buy” from Brokerages

Core Insights - Intuitive Surgical, Inc. has received a consensus recommendation of "Moderate Buy" from 25 brokerages, with 16 buy ratings, 6 hold ratings, 2 strong buy ratings, and 1 sell rating. The average 12-month price target is $614.95 [2] Analyst Ratings - HSBC raised its price target from $644.00 to $653.00 and maintained a "buy" rating [3] - Citigroup upgraded the stock from "neutral" to "buy" with a price target of $590.00 [3] - Barclays set a target price of $712.00 and gave an "overweight" rating [3] - Wall Street Zen downgraded the stock from "buy" to "hold" [3] - Truist Financial increased its price target from $620.00 to $650.00 while maintaining a "buy" rating [3] Stock Performance - Shares opened at $452.66, with a 50-day moving average of $494.50 and a 200-day moving average of $512.92 [4] - The stock has a 52-week low of $425.00 and a high of $603.88 [4] - Market capitalization stands at $160.75 billion, with a PE ratio of 57.37 and a PEG ratio of 3.62 [4] Quarterly Earnings - For the last quarter, Intuitive Surgical reported earnings per share (EPS) of $2.53, exceeding the consensus estimate of $2.27 by $0.26 [5] - Revenue for the quarter was $2.87 billion, surpassing analyst estimates of $2.72 billion, marking an 18.8% increase compared to the same quarter last year [5] - The company had a net margin of 28.38% and a return on equity of 15.06% [5] - Analysts forecast an EPS of 6.43 for the current year [5] Insider Activity - EVP Myriam Curet sold 105 shares at an average price of $493.95, totaling $51,864.75 [6] - SVP Patricia L. Wadors sold 220 shares at an average price of $499.71, totaling $109,936.20 [6] - Over the last three months, insiders sold 32,943 shares worth $17,279,568, with insiders owning 0.60% of the stock [6] Institutional Investors - Several institutional investors have recently adjusted their stakes, with J. Derek Lewis & Associates Inc. purchasing a new stake worth approximately $2.96 million [7] - Purpose Unlimited Inc. and Carter Financial LLC also acquired new positions valued at approximately $291,000 and $204,000, respectively [7] - World Investment Advisors increased its position by 27.6%, now owning 6,888 shares worth $3.90 million [7] - Hedge funds and institutional investors own 83.64% of the stock [7] Company Overview - Intuitive Surgical, founded in 1995 and headquartered in Sunnyvale, California, specializes in robotic-assisted surgical systems, particularly the da Vinci surgical systems [8] - The company focuses on providing hospitals and surgical centers with systems, instruments, and technologies to enhance precision and control in surgeries [8][9]