Merit Medical Systems (MMSI)

• Market cap: $6B
• 1 day: 0.81%
• 5 days: 8.05%
• 1 month: 3.94%
• 3 months: 8.01%
• 6 months: 18.77%
• Year to date: 7.11%
• 1 year: 31.99%
• 5 years: 180.38%
• 10 years: 543.13%
• Sector: Healthcare
• Industry: Surgical & Medical Instruments & Apparatus

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

12,410% more call options, than puts

Call options by funds: $89.1M | Put options by funds: $712K

257% more first-time investments, than exits

New positions opened: 82 | Existing positions closed: 23

17% more funds holding

Funds holding: 319 [Q2] → 372 (+53) [Q3]

12% more repeat investments, than reductions

Existing positions increased: 128 | Existing positions reduced: 114

10% more capital invested

Capital invested by funds: $5.34B [Q2] → $5.88B (+$538M) [Q3]

4.35% less ownership

Funds ownership: 106.89% [Q2] → 102.54% (-4.35%) [Q3]

67% less funds holding in top 10

Funds holding in top 10: 3 [Q2] → 1 (-2) [Q3]

Research analyst outlook

6 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $109 6% upside
• Avg. target: $115 12% upside
• High target: $127 23% upside

6 analyst ratings

• positive: 6 100%
• neutral: 0 0%
• negative: 0 0%

Needham Mike Matson 52% 1-year accuracy 64 / 122 met price target	6% upside $109	Buy Reiterated	14 Jan 2025
Raymond James Jayson Bedford 63% 1-year accuracy 15 / 24 met price target	7% upside $110	Outperform Maintained	31 Dec 2024
Barrington Research Michael Petusky 55% 1-year accuracy 38 / 69 met price target	11% upside $114	Outperform Maintained	23 Dec 2024
Wells Fargo Larry Biegelsen 63% 1-year accuracy 29 / 46 met price target	17% upside $120	Overweight Upgraded	11 Dec 2024
Canaccord Genuity Jon Young 67% 1-year accuracy 4 / 6 met price target	23% upside $127	Buy Maintained	9 Dec 2024