Robertson Stephens Wealth Management LLC Invests $1.06 Million in Innovex International, Inc. (NYSE:INVX)

Robertson Stephens Wealth Management LLC bought a new position in shares of Innovex International, Inc. (NYSE:INVX - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 59,193 shares of the company's stock, valued at approximately $1,063,000. Robertson Stephens Wealth Management LLC owned approximately 0.09% of Innovex International at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in INVX. ProShare Advisors LLC acquired a new stake in Innovex International in the fourth quarter valued at $145,000. GAMMA Investing LLC raised its holdings in Innovex International by 4,743.9% in the first quarter. GAMMA Investing LLC now owns 37,734 shares of the company's stock valued at $6,780,000 after acquiring an additional 36,955 shares in the last quarter. Sanctuary Advisors LLC raised its holdings in Innovex International by 20.5% in the fourth quarter. Sanctuary Advisors LLC now owns 47,146 shares of the company's stock valued at $659,000 after acquiring an additional 8,008 shares in the last quarter. D.A. Davidson & CO. acquired a new stake in Innovex International in the fourth quarter valued at $193,000. Finally, Cetera Investment Advisers acquired a new stake in Innovex International in the fourth quarter valued at $152,000.

Innovex International Price Performance

Shares of NYSE:INVX opened at $16.17 on Thursday. The company has a quick ratio of 2.49, a current ratio of 4.34 and a debt-to-equity ratio of 0.02. Innovex International, Inc. has a fifty-two week low of $11.93 and a fifty-two week high of $19.42. The firm has a 50-day simple moving average of $15.28 and a 200 day simple moving average of $15.82. The company has a market cap of $1.12 billion, a PE ratio of 6.17 and a beta of 0.79.

Innovex International (NYSE:INVX - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.29 earnings per share for the quarter, missing analysts' consensus estimates of $0.32 by ($0.03). Innovex International had a net margin of 16.68% and a return on equity of 7.14%. The business had revenue of $240.42 million for the quarter, compared to the consensus estimate of $247.73 million.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Johnson Rice raised shares of Innovex International to a "strong-buy" rating in a report on Friday, May 30th. Wall Street Zen raised shares of Innovex International from a "hold" rating to a "buy" rating in a report on Friday, June 6th. Finally, Barclays lowered their target price on shares of Innovex International from $16.00 to $13.00 and set an "underweight" rating for the company in a research note on Friday, May 9th.

Innovex International Profile

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.

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