InnovAge Holding Corp. (NASDAQ:INNV – Free Report) – Stock analysts at William Blair boosted their Q3 2025 earnings estimates for InnovAge in a research report issued to clients and investors on Tuesday, February 4th. William Blair analyst J. Haase now forecasts that the company will post earnings of ($0.01) per share for the quarter, up from their previous estimate of ($0.02). The consensus estimate for InnovAge’s current full-year earnings is ($0.06) per share. William Blair also issued estimates for InnovAge’s FY2025 earnings at ($0.15) EPS and FY2026 earnings at $0.08 EPS.
A number of other brokerages have also weighed in on INNV. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $5.00 target price on shares of InnovAge in a research report on Tuesday, December 17th. KeyCorp assumed coverage on shares of InnovAge in a report on Friday, October 11th. They set a “sector weight” rating for the company.
InnovAge Stock Up 2.2 %
INNV stock opened at $3.29 on Friday. The stock has a market capitalization of $444.95 million, a P/E ratio of -27.42 and a beta of 0.37. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.21 and a quick ratio of 1.21. InnovAge has a 1-year low of $3.12 and a 1-year high of $6.69. The business has a fifty day moving average price of $4.01 and a 200-day moving average price of $5.21.
InnovAge (NASDAQ:INNV – Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported ($0.10) earnings per share for the quarter. InnovAge had a negative return on equity of 5.68% and a negative net margin of 2.03%.
Institutional Investors Weigh In On InnovAge
Large investors have recently made changes to their positions in the company. State Street Corp boosted its holdings in shares of InnovAge by 1.2% in the third quarter. State Street Corp now owns 344,905 shares of the company’s stock worth $2,069,000 after buying an additional 4,218 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in InnovAge by 3.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 165,531 shares of the company’s stock worth $993,000 after acquiring an additional 6,153 shares during the period. SG Americas Securities LLC purchased a new position in shares of InnovAge during the 4th quarter worth $43,000. JPMorgan Chase & Co. grew its position in shares of InnovAge by 191.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 24,687 shares of the company’s stock valued at $148,000 after acquiring an additional 16,217 shares during the period. Finally, Barclays PLC increased its stake in shares of InnovAge by 289.0% in the 3rd quarter. Barclays PLC now owns 25,614 shares of the company’s stock worth $154,000 after purchasing an additional 19,029 shares in the last quarter. 12.26% of the stock is currently owned by institutional investors.
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.
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