Invuity Inc. (NASDAQ:IVTY) – Stock analysts at Lake Street Capital issued their Q3 2016 earnings per share estimates for shares of Invuity in a research report issued on Monday. Lake Street Capital analyst B. Jackson forecasts that the firm will earn ($0.53) per share for the quarter. Lake Street Capital currently has a “Buy” rating and a $18.00 target price on the stock. Lake Street Capital also issued estimates for Invuity’s Q4 2016 earnings at ($0.45) EPS, FY2016 earnings at ($2.43) EPS, Q1 2017 earnings at ($0.47) EPS, Q2 2017 earnings at ($0.38) EPS, Q3 2017 earnings at ($0.28) EPS, Q4 2017 earnings at ($0.17) EPS, FY2017 earnings at ($1.29) EPS, Q1 2018 earnings at ($0.18) EPS, Q2 2018 earnings at ($0.10) EPS and FY2018 earnings at ($0.27) EPS.
Invuity (NASDAQ:IVTY) last announced its quarterly earnings results on Tuesday, July 19th. The company reported ($0.76) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.81) by $0.05. The company had revenue of $8.20 million for the quarter, compared to analysts’ expectations of $8.04 million. Invuity had a negative net margin of 156.54% and a negative return on equity of 113.16%.
Other analysts also recently issued reports about the company. Leerink Swann restated a “buy” rating and issued a $15.00 price target on shares of Invuity in a research report on Thursday, June 23rd. Zacks Investment Research upgraded Invuity from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research report on Tuesday. Craig Hallum assumed coverage on Invuity in a research report on Monday, August 29th. They issued a “buy” rating and a $25.00 price target for the company. Piper Jaffray Cos. reiterated an “overweight” rating and set 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 research analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $17.00.
Invuity (NASDAQ:IVTY) opened at 13.77 on Thursday. Invuity has a 52 week low of $4.80 and a 52 week high of $15.46. The company has a 50-day moving average of $12.44 and a 200-day moving average of $8.96. The company’s market cap is $185.15 million.
In other news, Director Eric W. Roberts sold 5,000 shares of the firm’s stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $13.47, for a total transaction of $67,350.00. Following the transaction, the director now owns 69,945 shares in the company, valued at $942,159.15. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Alex Vayser sold 7,000 shares of the firm’s stock in a transaction on Thursday, September 1st. The shares were sold at an average price of $14.00, for a total value of $98,000.00. Following the transaction, the insider now owns 174,702 shares in the company, valued at approximately $2,445,828. The disclosure for this sale can be found here. Insiders own 13.84% of the company’s stock.
Several institutional investors have recently made changes to their positions in IVTY. FMR LLC raised its position in shares of Invuity by 15.9% in the second quarter. FMR LLC now owns 2,009,300 shares of the company’s stock valued at $19,149,000 after buying an additional 276,200 shares in the last quarter. Deerfield Management Co. raised its position in Invuity by 23.1% in the first quarter. Deerfield Management Co. now owns 1,327,009 shares of the company’s stock valued at $9,581,000 after buying an additional 248,791 shares during the period. Granite Investment Partners LLC bought a new position in Invuity during the first quarter valued at about $866,000. Fiera Capital Corp bought a new position in Invuity during the second quarter valued at about $687,000. Finally, Cowen Prime Services LLC bought a new position in Invuity during the second quarter valued at about $581,000. Hedge funds and other institutional investors own 48.42% of the company’s stock.
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