5 Best Mid-Cap Growth Stocks To Buy Now

3. Inspire Medical Systems Inc (NYSE:INSP)

Number of Hedge Fund Investors: 49

Minnesota-based Inspire Medical Systems Inc (NYSE:INSP) shares were spotted in 49 hedge fund portfolios as of the end of the third quarter, according to Insider Monkey’s database of 910 hedge funds.

In November Inspire Medical Systems Inc (NYSE:INSP) posted third quarter results. GAAP EPS in the quarter came in at -$0.29, beating estimates by $0.27. Revenue in the period jumped 40.7% year over year to $153.3 million, surpassing estimates by $1.24 million.

Carillon Chartwell Small Cap Value Fund made the following comment about Inspire Medical Systems, Inc. (NYSE:INSP) in its Q3 2023 investor letter:

“Inspire Medical Systems, Inc. (NYSE:INSP) is a medical device company focused on the obstructive sleep apnea market. While Inspire continues to grow at a rapid pace, investors are concerned that the successful launches of glucagon-like peptide 1 (GLP-1) weight loss drugs will have a negative impact on Inspire’s growth rates in the future.”