Invuity Inc. (NASDAQ:IVTY) Director Eric W. Roberts sold 5,000 shares of the stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $13.47, for a total value of $67,350.00. Following the completion of the transaction, the director now owns 69,945 shares of the company’s stock, valued at $942,159.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Invuity Inc. (NASDAQ:IVTY) opened at 13.88 on Thursday. The company’s market capitalization is $186.63 million. Invuity Inc. has a 12 month low of $4.80 and a 12 month high of $15.46. The stock’s 50 day moving average price is $12.34 and its 200-day moving average price is $8.92.
Invuity (NASDAQ:IVTY) last released its quarterly earnings data on Tuesday, July 19th. The company reported ($0.76) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.81) by $0.05. Invuity had a negative return on equity of 113.16% and a negative net margin of 156.54%. The company had revenue of $8.20 million for the quarter, compared to analyst estimates of $8.04 million. On average, equities research analysts predict that Invuity Inc. will post ($2.74) EPS for the current fiscal year.
Several hedge funds have recently added to or reduced their stakes in IVTY. Goldman Sachs Group Inc. bought a new stake in Invuity during the first quarter worth about $100,000. Paloma Partners Management Co bought a new stake in Invuity during the second quarter worth about $179,000. State Street Corp raised its stake in Invuity by 4.9% in the first quarter. State Street Corp now owns 36,116 shares of the company’s stock worth $259,000 after buying an additional 1,700 shares during the last quarter. Coe Capital Management LLC acquired a new position in Invuity during the second quarter valued at approximately $552,000. Finally, Cowen Prime Services LLC acquired a new position in Invuity during the second quarter valued at approximately $581,000. Institutional investors own 48.42% of the company’s stock.
Several equities analysts have commented on the company. Zacks Investment Research upgraded Invuity from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research report on Tuesday. Lake Street Capital assumed coverage on Invuity in a research report on Monday. They issued a “buy” rating and a $18.00 target price for the company. Craig Hallum assumed coverage on Invuity in a research report on Monday, August 29th. They issued a “buy” rating and a $25.00 target price for the company. Piper Jaffray Cos. reiterated an “overweight” rating and issued a $12.00 target price on shares of Invuity in a research report on Wednesday, July 20th. Finally, TheStreet downgraded Invuity to a “sell” rating in a research report on Tuesday, July 19th. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $17.00.
Invuity Company Profile
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