Innoviva (INVA) Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Innoviva in the last year. There are currently 1 sell rating, 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" INVA shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in INVA, but not buy additional shares or sell existing shares.
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3 brokers have issued twelve-month price targets for Innoviva's stock. Their INVA share price forecasts range from $10.00 to $22.50. On average, they expect the company's share price to reach $15.17 in the next year. This suggests a possible upside of 16.1% from the stock's current price.
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Innoviva's stock was trading at $13.25 at the start of the year. Since then, INVA shares have decreased by 1.4% and is now trading at $13.06.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
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Innoviva, Inc. (NASDAQ:INVA) announced its quarterly earnings results on Wednesday, October, 27th. The biotechnology company reported $0.90 EPS for the quarter, beating analysts' consensus estimates of $0.43 by $0.47. The biotechnology company earned $97.86 million during the quarter. Innoviva had a trailing twelve-month return on equity of 18.46% and a net margin of 73.36%.

ETFs with the largest weight of Innoviva (NASDAQ:INVA) stock in their portfolio include LeaderShares Activist Leaders ETF (ACTV), ETC 6 Meridian Small Cap Equity ETF (SIXS), Pacer US Small Cap Cash Cows 100 ETF (CALF), SPDR S&P Pharmaceuticals ETF (XPH), Invesco S&P SmallCap 600 Pure Growth ETF (RZG), Invesco S&P SmallCap Health Care ETF (PSCH), Direxion Daily Pharmaceutical & Medical Bull 3X Shares (PILL) and Invesco Nasdaq Future Gen 200 ETF (QQQS).

Based on aggregate information from My MarketBeat watchlists, some companies that other Innoviva investors own include Inovio Pharmaceuticals (INO), Gilead Sciences (GILD), Exelixis (EXEL), Micron Technology (MU), Advanced Micro Devices (AMD), Pfizer (PFE), Vertex Pharmaceuticals (VRTX), NVIDIA (NVDA), OPKO Health (OPK) and Sorrento Therapeutics (SRNE).

Innoviva trades on the NASDAQ under the ticker symbol "INVA."

Innoviva's stock is owned by a variety of institutional and retail investors. Top institutional investors include Renaissance Technologies LLC (5.62%), Dimensional Fund Advisors LP (5.42%), State Street Corp (3.42%), Systematic Financial Management LP (3.21%), Westfield Capital Management Co. LP (2.52%) and Pacer Advisors Inc. (2.35%). Insiders that own company stock include Alexander J Denner, George Bickerstaff, Innoviva, Inc, Marianne Zhen, Pavel Raifeld and Plc Glaxosmithkline.
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Shares of INVA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of INVA stock can currently be purchased for approximately $13.06.

Innoviva (NASDAQ:INVA) has a market capitalization of $911.33 million and generates $331.34 million in revenue each year. The biotechnology company earns $213.92 million in net income (profit) each year or $2.29 on an earnings per share basis.

Innoviva's mailing address is 1350 OLD BAYSHORE HIGHWAY SUITE 400, BURLINGAME CA, 94010. The official website for the company is www.inva.com. The biotechnology company can be reached via phone at (650) 238-9600, via email at investor.relations@inva.com, or via fax at 650-827-8690.