Innoviva - INVA Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Innoviva in the last twelve months. There are currently 1 sell rating and 1 hold 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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2 brokers have issued 1 year target prices for Innoviva's stock. Their INVA share price forecasts range from $13.00 to $13.00. On average, they anticipate the company's share price to reach $13.00 in the next year. This suggests a possible upside of 2.8% from the stock's current price.
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Innoviva's stock was trading at $13.25 on January 1st, 2023. Since then, INVA shares have decreased by 4.5% and is now trading at $12.65.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 8th 2023.
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Innoviva, Inc. (NASDAQ:INVA) released its quarterly earnings data on Wednesday, November, 9th. The biotechnology company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.75 by $2.15. The biotechnology company had revenue of $67.26 million for the quarter, compared to the consensus estimate of $361.45 million. Innoviva had a trailing twelve-month return on equity of 23.89% and a net margin of 78.39%.

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 many different institutional and retail investors. Top institutional shareholders include Assenagon Asset Management S.A. (2.45%), Allspring Global Investments Holdings LLC (0.39%), New York State Common Retirement Fund (0.31%), Exchange Traded Concepts LLC (0.22%), Summit Global Investments (0.20%) and James Investment Research Inc. (0.11%). Insiders that own company stock include George Bickerstaff, Innoviva, Inc, Marianne Zhen 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 $12.65.

Innoviva (NASDAQ:INVA) has a market capitalization of $882.72 million and generates $391.87 million in revenue each year. The biotechnology company earns $265.85 million in net income (profit) each year or $3.19 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.