PNC Financial Services Group Inc. Has $354,000 Stock Holdings in InMode Ltd. (NASDAQ:INMD)

PNC Financial Services Group Inc. raised its holdings in InMode Ltd. (NASDAQ:INMD) by 17.7% in the 4th quarter, HoldingsChannel reports. The fund owned 21,208 shares of the healthcare company’s stock after acquiring an additional 3,193 shares during the period. PNC Financial Services Group Inc.’s holdings in InMode were worth $354,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Quarry LP grew its stake in shares of InMode by 154.3% in the third quarter. Quarry LP now owns 3,781 shares of the healthcare company’s stock worth $64,000 after purchasing an additional 2,294 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in InMode during the 4th quarter worth about $87,000. National Bank of Canada FI grew its position in shares of InMode by 6.2% in the 3rd quarter. National Bank of Canada FI now owns 9,985 shares of the healthcare company’s stock valued at $169,000 after buying an additional 579 shares during the last quarter. DGS Capital Management LLC bought a new stake in shares of InMode in the 3rd quarter valued at about $182,000. Finally, Orion Portfolio Solutions LLC acquired a new stake in shares of InMode in the third quarter valued at about $194,000. 68.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

INMD has been the topic of several analyst reports. Needham & Company LLC reiterated a “hold” rating on shares of InMode in a report on Tuesday, February 4th. Barclays boosted their price target on shares of InMode from $26.00 to $29.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 5th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $22.25.

InMode Price Performance

Shares of InMode stock opened at $18.43 on Friday. The stock’s 50-day moving average is $18.07 and its 200 day moving average is $17.66. InMode Ltd. has a one year low of $14.87 and a one year high of $21.92. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 7.84 and a beta of 2.08.

InMode Company Profile

InMode Ltd. designs, develops, manufactures, and markets minimally invasive aesthetic medical products based on its proprietary radiofrequency assisted lipolysis and deep subdermal fractional radiofrequency technologies in the United States and internationally. The company offers minimally invasive aesthetic medical products for various procedures, such as liposuction with simultaneous skin tightening, body and face contouring, and ablative skin rejuvenation treatments, as well as for use in women's health conditions and procedures.