InnovAge (NASDAQ:INNV) Issues Earnings Results

InnovAge (NASDAQ:INNV) posted its quarterly earnings data on Tuesday. The company reported ($0.04) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.04), Zacks reports. The company had revenue of $205.14 million during the quarter, compared to analysts’ expectations of $203.35 million. InnovAge had a negative net margin of 2.79% and a negative return on equity of 7.43%. During the same period in the prior year, the business posted ($0.08) earnings per share. InnovAge updated its FY 2025 guidance to EPS.

InnovAge Trading Up 0.7 %

Shares of INNV traded up $0.04 during mid-day trading on Friday, reaching $6.10. The stock had a trading volume of 17,106 shares, compared to its average volume of 37,091. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.25 and a quick ratio of 1.25. The firm has a market cap of $826.55 million, a price-to-earnings ratio of -37.88 and a beta of 0.39. The business’s fifty day moving average is $5.92 and its 200 day moving average is $5.37. InnovAge has a 52-week low of $3.52 and a 52-week high of $6.69.

Analyst Upgrades and Downgrades

Separately, KeyCorp assumed coverage on shares of InnovAge in a research report on Friday, October 11th. They issued a “sector weight” rating for the company.

Insiders Place Their Bets

In other InnovAge news, insider Nicole Damato sold 4,372 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $5.95, for a total transaction of $26,013.40. Following the completion of the transaction, the insider now owns 240,795 shares of the company’s stock, valued at $1,432,730.25. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.40% of the stock is currently owned by insiders.

InnovAge Company Profile

InnovAge Holding Corp. manages and provides a range of medical and ancillary services for seniors in need of care and support to live independently in its homes and communities. The company manages its business through Program of All-Inclusive Care for the Elderly (PACE) approach. It also offers in-home care services consisting of skilled, unskilled, and personal care; in-center services, such as primary care, physical therapy, occupational therapy, speech therapy, dental services, mental health and psychiatric services, meals, and activities; transportation to the PACE center and third-party medical appointments; and care management.