Innovex International, Inc. $INVX Shares Sold by Gabelli Funds LLC

Key Points

• Gabelli Funds LLC has reduced its stake in Innovex International by 14.4%, selling 71,700 shares, and now owns 425,000 shares valued at approximately $7.63 million.
• Several hedge funds, including US Bancorp DE and Smartleaf Asset Management, significantly increased their holdings in Innovex International during the first quarter, with increases of 234.0% and 264.9% respectively.
• Analysts have mixed views on Innovex International, with target prices varying from $13.00 to $20.00, leading to an average rating of "Buy" and a consensus target price of $16.50.

Gabelli Funds LLC trimmed its holdings in shares of Innovex International, Inc. (NYSE:INVX - Free Report) by 14.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 425,000 shares of the company's stock after selling 71,700 shares during the period. Gabelli Funds LLC owned 0.62% of Innovex International worth $7,633,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. US Bancorp DE lifted its holdings in Innovex International by 234.0% during the 1st quarter. US Bancorp DE now owns 1,533 shares of the company's stock worth $28,000 after buying an additional 1,074 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Innovex International by 169.7% during the 1st quarter. GAMMA Investing LLC now owns 2,101 shares of the company's stock worth $38,000 after buying an additional 1,322 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in Innovex International by 264.9% during the 1st quarter. Smartleaf Asset Management LLC now owns 3,375 shares of the company's stock worth $60,000 after buying an additional 2,450 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in Innovex International by 15.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,880 shares of the company's stock worth $106,000 after buying an additional 794 shares during the last quarter. Finally, ProShare Advisors LLC purchased a new stake in Innovex International during the 4th quarter worth about $145,000.

Innovex International Stock Performance

INVX stock traded up $0.01 during trading on Monday, hitting $17.24. The company had a trading volume of 259,313 shares, compared to its average volume of 355,367. The firm has a market cap of $1.19 billion, a PE ratio of 5.97 and a beta of 0.82. Innovex International, Inc. has a 1-year low of $11.93 and a 1-year high of $19.42. The firm has a 50-day moving average price of $16.22 and a 200-day moving average price of $16.18. The company has a quick ratio of 2.69, a current ratio of 4.60 and a debt-to-equity ratio of 0.03.

Innovex International (NYSE:INVX - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.01. Innovex International had a return on equity of 8.58% and a net margin of 16.66%.The company had revenue of $224.23 million for the quarter, compared to analysts' expectations of $230.00 million. Innovex International has set its Q3 2025 guidance at EPS.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on INVX. Piper Sandler began coverage on Innovex International in a report on Tuesday, July 15th. They issued an "overweight" rating and a $20.00 target price for the company. Barclays reduced their target price on Innovex International from $16.00 to $13.00 and set an "underweight" rating for the company in a report on Friday, May 9th. Wall Street Zen downgraded Innovex International from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. Finally, Johnson Rice raised Innovex International to a "strong-buy" rating in a report on Friday, May 30th. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Innovex International has an average rating of "Buy" and a consensus target price of $16.50.

About Innovex International

Innovex International, Inc engages in the provision of solutions for both onshore and offshore applications within the oil and gas industry. The company was founded on September 15, 2016 and is headquartered in Humble, TX.