InnovAge (INNV) Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for InnovAge in the last year. There are currently 3 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" INNV shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in INNV, but not buy additional shares or sell existing shares.
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3 Wall Street research analysts have issued 12-month target prices for InnovAge's shares. Their INNV share price forecasts range from $5.00 to $9.00. On average, they predict the company's share price to reach $7.25 in the next twelve months. This suggests that the stock has a possible downside of 7.8%.
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InnovAge's stock was trading at $7.18 on January 1st, 2023. Since then, INNV stock has increased by 9.5% and is now trading at $7.86.
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InnovAge Holding Corp. (OTCMKTS:INNV) released its earnings results on Tuesday, May, 9th. The company reported ($0.05) EPS for the quarter, hitting the consensus estimate of ($0.05). The company had revenue of $172.54 million for the quarter, compared to analyst estimates of $174.54 million. InnovAge had a negative trailing twelve-month return on equity of 13.04% and a negative net margin of 6.17%.

Based on aggregate information from My MarketBeat watchlists, some companies that other InnovAge investors own include EEStor Co. (ESU.V) (ESU), Antares Pharma (ATRS), Federal National Mortgage Association (FNMA), Medicines (MDCO), Frontier Communications (FTR), FedEx (FDX), Republic First Bancorp (FRBK), Aytu BioPharma (AYTU), NVIDIA (NVDA) and Pacific Premier Bancorp (PPBI).

InnovAge trades on the OTCMKTS under the ticker symbol "INNV."

InnovAge's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (0.94%), Geode Capital Management LLC (0.31%), Cambiar Investors LLC (0.23%), Renaissance Technologies LLC (0.09%), Martingale Asset Management L P (0.04%) and ExodusPoint Capital Management LP (0.03%). Insiders that own company stock include Edward Moore Jr Kennedy, Maureen Hewitt and Thomas Scully.
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Shares of INNV 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 INNV stock can currently be purchased for approximately $7.86.

InnovAge (OTCMKTS:INNV) has a market capitalization of $1.07 billion and generates $698.64 million in revenue each year. The company earns $-6,520,000.00 in net income (profit) each year or ($0.31) on an earnings per share basis.

The company employs 2,000 workers across the globe.

InnovAge's mailing address is 8845 Rehco Road, San Diego CA, 92121. The official website for the company is www.innovuspharma.com. The company can be reached via phone at 844-803-8745 or via email at ir@innovuspharma.com.