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penumbra insider sales and hedge fund activity highlight market dynamics
Penumbra's executive vice president now owns 64,044 shares valued at over $15 million, reflecting a 0.93% decrease in ownership. In the past 90 days, insiders sold 33,819 shares worth $8.1 million, while hedge funds hold 88.88% of the stock. Analysts maintain a "Moderate Buy" rating, with target prices ranging from $250 to $305.
ubs initiates buy rating for penumbra with strong revenue growth forecast
UBS has initiated coverage on Penumbra with a Buy rating and a price target of $305, citing a projected 14% revenue CAGR through 2029, driven by a strong product launch cycle and growth in the venous thromboembolism market. The stock, currently trading at $263.69, is expected to maintain a premium valuation in the high-growth MedTech sector, supported by a gross profit margin of 63% and a 17% revenue growth over the past year. Other analysts, including Oppenheimer and Wells Fargo, have also expressed positive outlooks on Penumbra, anticipating continued double-digit growth and successful product introductions.
UBS has initiated coverage of Penumbra shares with a Buy rating, forecasting a 14% compound annual growth rate (CAGR) in revenue through 2029. This positive outlook highlights the company's potential for significant growth in the coming years.
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