Intuitive Surgical (NASDAQ:ISRG) Earns Buy Rating from BTIG Research

Intuitive Surgical (NASDAQ:ISRG)‘s stock had its “buy” rating reiterated by equities research analysts at BTIG Research in a research note issued on Wednesday,Benzinga reports. They presently have a $574.00 price objective on the medical equipment provider’s stock. BTIG Research’s price objective points to a potential upside of 27.19% from the stock’s previous close.

A number of other equities analysts have also weighed in on ISRG. Truist Financial lowered their price objective on shares of Intuitive Surgical from $650.00 to $580.00 and set a “buy” rating on the stock in a research report on Wednesday, April 15th. Barclays set a $712.00 price objective on shares of Intuitive Surgical and gave the company an “overweight” rating in a research report on Monday, January 26th. UBS Group lowered their price objective on shares of Intuitive Surgical from $570.00 to $550.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 17th. Argus lowered their price objective on shares of Intuitive Surgical from $630.00 to $560.00 and set a “buy” rating on the stock in a research report on Wednesday, February 4th. Finally, Piper Sandler reissued an “overweight” rating and issued a $620.00 target price (up from $610.00) on shares of Intuitive Surgical in a report on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $596.45.

Intuitive Surgical Price Performance

Shares of Intuitive Surgical stock opened at $451.29 on Wednesday. The firm’s fifty day simple moving average is $477.79 and its 200-day simple moving average is $515.63. The stock has a market capitalization of $160.27 billion, a price-to-earnings ratio of 57.20, a PEG ratio of 3.64 and a beta of 1.68. Intuitive Surgical has a 12 month low of $427.84 and a 12 month high of $603.88.

Intuitive Surgical (NASDAQ:ISRG) last posted its quarterly earnings data on Tuesday, April 21st. The medical equipment provider reported $2.50 earnings per share for the quarter, beating analysts’ consensus estimates of $2.08 by $0.42. Intuitive Surgical had a net margin of 28.38% and a return on equity of 15.06%. The firm had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.62 billion. During the same period last year, the firm posted $1.81 EPS. Intuitive Surgical’s quarterly revenue was up 23.0% on a year-over-year basis. Analysts anticipate that Intuitive Surgical will post 8.16 earnings per share for the current year.

Insiders Place Their Bets

In other news, SVP Mark Brosius sold 645 shares of the firm’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $485.01, for a total value of $312,831.45. Following the completion of the transaction, the senior vice president owned 1,613 shares in the company, valued at $782,321.13. This trade represents a 28.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Myriam Curet sold 105 shares of the firm’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $493.95, for a total value of $51,864.75. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 32,943 shares of company stock worth $17,279,568 in the last ninety days. 0.60% of the stock is owned by insiders.

Institutional Trading of Intuitive Surgical

A number of large investors have recently made changes to their positions in ISRG. Cambient Family Office LLC boosted its stake in shares of Intuitive Surgical by 6.0% during the 1st quarter. Cambient Family Office LLC now owns 19,030 shares of the medical equipment provider’s stock worth $8,773,000 after purchasing an additional 1,083 shares during the last quarter. Ground Swell Capital LLC boosted its stake in shares of Intuitive Surgical by 131.5% during the 1st quarter. Ground Swell Capital LLC now owns 1,588 shares of the medical equipment provider’s stock worth $732,000 after purchasing an additional 902 shares during the last quarter. Granite Islands Private Wealth LLC boosted its stake in shares of Intuitive Surgical by 4.9% during the 1st quarter. Granite Islands Private Wealth LLC now owns 4,181 shares of the medical equipment provider’s stock worth $1,918,000 after purchasing an additional 196 shares during the last quarter. Riverstone Advisors LLC boosted its stake in shares of Intuitive Surgical by 10.3% during the 1st quarter. Riverstone Advisors LLC now owns 881 shares of the medical equipment provider’s stock worth $406,000 after purchasing an additional 82 shares during the last quarter. Finally, Crown Wealth Group LLC boosted its stake in shares of Intuitive Surgical by 9.6% during the 1st quarter. Crown Wealth Group LLC now owns 527 shares of the medical equipment provider’s stock worth $243,000 after purchasing an additional 46 shares during the last quarter. Institutional investors and hedge funds own 83.64% of the company’s stock.

Key Stories Impacting Intuitive Surgical

Here are the key news stories impacting Intuitive Surgical this week:

• Positive Sentiment: Double beat on revenue and EPS; robust procedure growth (worldwide procedures ~17%, da Vinci +16%, Ion +39%) supports durable demand for systems and consumables. Reuters: Intuitive Surgical beats quarterly expectations
• Positive Sentiment: Company reiterated growth initiatives — digital innovation and broader availability of Force Feedback — which could expand procedure mix and drive longer-term consumable and software revenue. Yahoo: Q1 highlights & digital progress
• Neutral Sentiment: Analyst views remain mostly constructive (average “Moderate Buy” / several firms maintain Buy ratings) but some price targets have been trimmed ahead of Q1. These mixed analyst moves temper near-term upside. American Banking News: Broker ratings
• Negative Sentiment: Shares slipped after hours despite the beat — investors noted the full-year guidance raise was smaller than the quarterly beat implied, suggesting management expects some slowdown or is being conservative. Yahoo: Why Intuitive dropped despite beat
• Negative Sentiment: Ongoing weakness in some international markets and the fact that a handful of firms trimmed price targets before results increase execution risk for near-term revenue cadence. Yahoo: Notes on international challenges

Intuitive Surgical Company Profile

Intuitive Surgical, founded in 1995 and headquartered in Sunnyvale, California, is a medical technology company focused on the design, manufacture and service of robotic-assisted surgical systems. The company is best known for its da Vinci surgical systems, which enable minimally invasive procedures by translating a surgeon’s hand movements into finer, scaled motions of small instruments inside the patient. Intuitive’s business centers on supplying hospitals and surgical centers with systems, instruments and related technologies that aim to improve precision, visualization and control in the operating room.

In addition to its core surgical platforms, Intuitive markets a portfolio of reusable and disposable instruments, accessories, and proprietary software, and provides training, servicing and clinical support to its customers.