Fintel experiences that on May 24, 2023, JMP Securities reiterated protection of Globus Medical Inc – (NYSE:GMED) with a Market Perform suggestion.
Analyst Price Forecast Suggests 28.72% Upside
As of May 11, 2023, the typical one-12 months worth goal for Globus Medical Inc – is 68.71. The forecasts vary from a low of 61.61 to a excessive of $80.85. The common worth goal represents a rise of 28.72% from its newest reported closing worth of 53.38.
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The projected annual income for Globus Medical Inc – is 1,143MM, a rise of 6.92%. The projected annual non-GAAP EPS is 2.39.
What is the Fund Sentiment?
There are 833 funds or establishments reporting positions in Globus Medical Inc -. This is a rise of 30 proprietor(s) or 3.74% within the final quarter. Average portfolio weight of all funds devoted to GMED is 0.29%, a lower of 4.32%. Total shares owned by establishments decreased within the final three months by 3.15% to 93,201K shares. 
The put/name ratio of GMED is 0.04, indicating a bullish outlook.
What are Other Shareholders Doing?
Janus Henderson Group holds 6,690K shares representing 6.67% possession of the corporate. In it is prior submitting, the agency reported proudly owning 5,634K shares, representing a rise of 15.78%. The agency decreased its portfolio allocation in GMED by 72.32% during the last quarter.
Wellington Management Group Llp holds 2,739K shares representing 2.73% possession of the corporate. In it is prior submitting, the agency reported proudly owning 3,352K shares, representing a lower of twenty-two.40%. The agency decreased its portfolio allocation in GMED by 91.31% during the last quarter.
IJH – iShares Core S&P Mid-Cap ETF holds 2,402K shares representing 2.39% possession of the corporate. In it is prior submitting, the agency reported proudly owning 2,391K shares, representing a rise of 0.47%. The agency decreased its portfolio allocation in GMED by 26.66% during the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 2,358K shares representing 2.35% possession of the corporate. In it is prior submitting, the agency reported proudly owning 2,300K shares, representing a rise of two.46%. The agency elevated its portfolio allocation in GMED by 18.04% during the last quarter.
NAESX – Vanguard Small-Cap Index Fund Investor Shares holds 1,994K shares representing 1.99% possession of the corporate. In it is prior submitting, the agency reported proudly owning 1,956K shares, representing a rise of 1.92%. The agency elevated its portfolio allocation in GMED by 17.68% during the last quarter.
Globus Medical Background Information
(This description is offered by the corporate.)
Based in Audubon, Pennsylvania, Globus Medical, Inc. was based in 2003 by an skilled workforce of pros with a shared imaginative and prescient to create merchandise that allow surgeons to advertise therapeutic in sufferers with musculoskeletal problems.
Key filings for this firm:
This story initially appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the creator and don’t essentially mirror these of Nasdaq, Inc.
