5 Best Healthcare Stocks For the Long-Term

3. InMode Ltd. (NASDAQ:INMD)

Number of Hedge Fund Investors In Q3 2023: 24

Latest P/E Ratio: 11.25

5-Yr Average Annualized Revenue Growth: 53.41%

InMode Ltd. (NASDAQ:INMD) is an Israeli medical devices company that sells products that are used in the aesthetics medical industry segment. Its third quarter earnings were rather muted on the growth front as the company reported a paltry 2% annual revenue jump.

Insider Monkey dug through 910 hedge funds for their third quarter of 2023 shareholdings and found that 24 had bought InMode Ltd. (NASDAQ:INMD)’s shares.

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