The 2,000 Shares of Masimo Corp. (MASI) Stock are sold by Sanford Fitch

The 2,000 Shares of Masimo Corp. (MASI) Stock are sold by Sanford Fitch

Masimo Corp. (NASDAQ:MASI) Director Sanford Fitch sold 2,000 shares of the company’s stock in a transaction dated Wednesday, October 5th. The shares were sold at an average price of $59.58, for a total transaction of $119,160.00. Following the completion of the sale, the director now owns 48,000 shares in the company, valued at approximately $2,859,840. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Sanford Fitch also recently made the following trade(s): On Wednesday, September 21st, Sanford Fitch sold 2,000 shares of Masimo Corp. stock. The shares were sold at an average price of $59.41, for a total transaction of $118,820.00. On Wednesday, September 7th, Sanford Fitch sold 2,000 shares of Masimo Corp. stock. The shares were sold at an average price of $59.81, for a total transaction of $119,620.00. On Wednesday, August 17th, Sanford Fitch sold 2,000 shares of Masimo Corp. stock. The shares were sold at an average price of $58.11, for a total transaction of $116,220.00. On Wednesday, August 3rd, Sanford Fitch sold 2,000 shares of Masimo Corp. stock. The shares were sold at an average price of $52.62, for a total transaction of $105,240.00. On Wednesday, July 20th, Sanford Fitch sold 3,000 shares of Masimo Corp. stock. The shares were sold at an average price of $53.48, for a total transaction of $160,440.00.

Shares of Masimo Corp. (NASDAQ:MASI) opened at 59.97 on Friday. The company’s 50 day moving average is $59.11 and its 200-day moving average is $51.48. Masimo Corp. has a 12 month low of $33.03 and a 12 month high of $60.52. The company has a market cap of $2.96 billion, a P/E ratio of 31.45 and a beta of 0.70.

Masimo Corp. (NASDAQ:MASI) last posted its earnings results on Wednesday, August 3rd. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.16. Masimo Corp. had a net margin of 15.40% and a return on equity of 29.07%. The business had revenue of $172.64 million for the quarter, compared to analyst estimates of $166.02 million. During the same period last year, the business posted $0.36 EPS. Masimo Corp.’s revenue was up 10.9% compared to the same quarter last year. Analysts expect that Masimo Corp. will post $2.02 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Aperio Group LLC raised its position in Masimo Corp. by 27.3% in the first quarter. Aperio Group LLC now owns 15,761 shares of the company’s stock worth $659,000 after buying an additional 3,379 shares during the last quarter. Pacad Investment Ltd. purchased a new position in Masimo Corp. during the first quarter worth about $519,000. Los Angeles Capital Management & Equity Research Inc. raised its position in Masimo Corp. by 0.7% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 56,685 shares of the company’s stock worth $2,372,000 after buying an additional 400 shares during the last quarter. Ngam Advisors L.P. purchased a new position in Masimo Corp. during the first quarter worth about $461,000. Finally, Menta Capital LLC raised its position in Masimo Corp. by 23.5% in the first quarter. Menta Capital LLC now owns 22,100 shares of the company’s stock worth $925,000 after buying an additional 4,200 shares during the last quarter. Institutional investors and hedge funds own 79.88% of the company’s stock.

A number of equities research analysts have recently issued reports on the stock. BTIG Research restated a “hold” rating on shares of Masimo Corp. in a research note on Friday, August 5th. Zacks Investment Research lowered shares of Masimo Corp. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Piper Jaffray Cos. reaffirmed an “overweight” rating and set a $55.00 price objective (up previously from $52.00) on shares of Masimo Corp. in a research report on Friday, August 5th. Finally, Wedbush reaffirmed an “outperform” rating and set a $63.00 price objective (up previously from $60.00) on shares of Masimo Corp. in a research report on Thursday, August 4th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $52.60.

About Masimo Corp.

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