Innio (NASDAQ:INIO) Stock Price Down 14.8% - Time to Sell?

Key Points

• Innio shares fell 14.8% to about $15.61, on roughly 850,000 shares traded—83% below average volume.
• Analyst views are mixed, but the consensus rating remains “Moderate Buy” with an average price target of $36.80; several firms recently cut their targets.
• Innio beat quarterly EPS estimates, reporting $0.15 versus expectations of $0.11, and revenue of $1.17 billion. The company also reported a high debt-to-equity ratio of 7.50.

Shares of Innio N.V. (NASDAQ:INIO - Get Free Report) dropped 14.8% on Wednesday. The company traded as low as $15.71 and last traded at $15.6070. Approximately 849,973 shares changed hands during trading, a decline of 83% from the average daily volume of 5,139,957 shares. The stock had previously closed at $18.31.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on INIO shares. Weiss Ratings downgraded shares of Innio from a "sell (d)" rating to a "sell (d-)" rating in a research note on Wednesday, October 14th. Wall Street Zen raised Innio from a "hold" rating to a "buy" rating in a research report on Saturday. The Goldman Sachs Group restated a "buy" rating and issued a $31.00 target price on shares of Innio in a research note on Tuesday, October 27th. BNP Paribas Exane lowered their price target on Innio from $43.00 to $35.00 and set an "outperform" rating for the company in a research report on Tuesday, October 27th. Finally, Citigroup dropped their price target on Innio from $22.00 to $21.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $36.80.

Innio Stock Performance

The firm has a market cap of $10.79 billion and a PE ratio of 181.79. The company has a debt-to-equity ratio of 7.50, a quick ratio of 0.80 and a current ratio of 1.27. The firm's 50 day moving average price is $18.89.

Innio (NASDAQ:INIO - Get Free Report) last issued its quarterly earnings results on Tuesday, October 27th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.11 by $0.04. Innio had a return on equity of 63.87% and a net margin of 2.71%. The company had revenue of $1.17 billion for the quarter. As a group, equities research analysts anticipate that Innio N.V. will post 0.40 EPS for the current year.

Institutional Investors Weigh In On Innio

A number of large investors have recently modified their holdings of INIO. Dragoneer Investment Group LLC acquired a new stake in shares of Innio during the 2nd quarter worth about $112,718,000. Value Aligned Research Advisors LLC purchased a new position in Innio during the second quarter worth about $53,605,000. Junto Capital Management LP purchased a new position in Innio during the second quarter worth about $26,193,000. Squarepoint Ops LLC acquired a new stake in shares of Innio during the second quarter valued at about $13,842,000. Finally, HBK Investments L P acquired a new stake in shares of Innio during the second quarter valued at about $6,031,000.

About Innio

INNIO is an energy technology company that provides power-generation and gas-compression solutions for industrial, commercial and utility customers. Its portfolio includes Jenbacher gas engines and Waukesha engines, along with associated equipment, digital tools and long-term service offerings.

The company's solutions are designed for applications including combined heat and power, distributed power generation, microgrids and gas compression. INNIO supports a range of fuel sources, including natural gas, biogas and hydrogen blends, helping customers produce electricity and useful heat while supporting grid reliability and energy-system flexibility.

INNIO was established in 2018 following the acquisition of GE's Distributed Power business by Advent International.

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