Invuity Inc. (IVTY) Insider Philip M. Sawyer Sells 900 Shares
Invuity Inc. (NASDAQ:IVTY) insider Philip M. Sawyer sold 900 shares of the stock in a transaction on Thursday, October 6th. The shares were sold at an average price of $13.01, for a total value of $11,709.00. Following the sale, the insider now directly owns 900 shares in the company, valued at $11,709. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Invuity Inc. (NASDAQ:IVTY) opened at 13.47 on Friday. The company’s market cap is $181.12 million. Invuity Inc. has a 1-year low of $4.80 and a 1-year high of $14.40. The stock has a 50 day moving average price of $13.26 and a 200 day moving average price of $9.42.
Invuity (NASDAQ:IVTY) last announced its earnings results on Tuesday, July 19th. The company reported ($0.76) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate 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 firm had revenue of $8.20 million for the quarter, compared to the consensus estimate of $8.04 million. On average, equities research analysts anticipate that Invuity Inc. will post ($2.74) EPS for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Paloma Partners Management Co acquired a new position in shares of Invuity during the second quarter valued at $179,000. State Street Corp increased its position in shares of Invuity by 4.9% in the first quarter. State Street Corp now owns 36,116 shares of the company’s stock valued at $259,000 after buying an additional 1,700 shares during the period. Coe Capital Management LLC acquired a new position in shares of Invuity during the second quarter valued at $552,000. Cowen Prime Services LLC acquired a new position in shares of Invuity during the second quarter valued at $581,000. Finally, Fiera Capital Corp acquired a new position in shares of Invuity during the second quarter valued at $687,000. Hedge funds and other institutional investors own 48.42% of the company’s stock.
A number of research analysts have weighed in on IVTY shares. Leerink Swann reissued a “buy” rating and issued a $15.00 target price on shares of Invuity in a report on Thursday, June 23rd. Lake Street Capital started coverage on Invuity in a report on Monday, September 19th. They issued a “buy” rating and a $18.00 target price on the stock. Zacks Investment Research raised Invuity from a “sell” rating to a “hold” rating in a report on Tuesday, July 26th. Craig Hallum started coverage on Invuity in a report on Monday, August 29th. They issued a “buy” rating and a $25.00 target price on the stock. Finally, TheStreet downgraded Invuity to a “sell” rating in a report on Tuesday, July 19th. One analyst has rated the stock with a sell rating and five have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $17.00.
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