InnovAge (INNV) Stock Forecast, Price & News

3 Wall Street equities research 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 equities research 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 brokerages have issued 1 year price objectives for InnovAge's stock. 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 year. This suggests a possible upside of 7.7% from the stock's current price.
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InnovAge's stock was trading at $7.18 on January 1st, 2023. Since then, INNV shares have decreased by 6.3% and is now trading at $6.73.
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InnovAge Holding Corp. (OTCMKTS:INNV) posted its quarterly earnings data on Tuesday, May, 9th. The company reported ($0.05) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.05). The business had revenue of $172.54 million for the quarter, compared to analyst estimates of $174.54 million. InnovAge had a negative net margin of 6.17% and a negative trailing twelve-month return on equity of 13.04%.

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 many different retail and institutional investors. Top institutional investors 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 $6.73.

InnovAge (OTCMKTS:INNV) has a market capitalization of $912.79 million 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.