Invuity Inc. (IVTY) VP Robert Gerberich Sells 1,500 Shares
Invuity Inc. (NASDAQ:IVTY) VP Robert Gerberich sold 1,500 shares of the firm’s stock in a transaction dated Thursday, October 6th. The shares were sold at an average price of $12.72, for a total value of $19,080.00. Following the completion of the sale, the vice president now directly owns 1,500 shares in the company, valued at approximately $19,080. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Robert Gerberich also recently made the following trade(s):
- On Wednesday, August 24th, Robert Gerberich sold 10,500 shares of Invuity stock. The shares were sold at an average price of $12.53, for a total value of $131,565.00.
Invuity Inc. (NASDAQ:IVTY) opened at 13.47 on Friday. The company’s 50 day moving average price is $13.26 and its 200-day moving average price is $9.42. The stock’s market capitalization is $181.12 million. Invuity Inc. has a one year low of $4.80 and a one year high of $14.40.
Invuity (NASDAQ:IVTY) last posted its quarterly earnings data on Tuesday, July 19th. The company reported ($0.76) EPS for the quarter, beating analysts’ consensus estimates of ($0.81) by $0.05. The company earned $8.20 million during the quarter, compared to analysts’ expectations of $8.04 million. Invuity had a negative return on equity of 113.16% and a negative net margin of 156.54%. Analysts expect that Invuity Inc. will post ($2.74) earnings per share for the current year.
A number of hedge funds have recently added to or reduced their stakes in the stock. Fiera Capital Corp bought a new stake in Invuity during the second quarter valued at about $687,000. Paloma Partners Management Co bought a new stake in Invuity during the second quarter valued at about $179,000. RTW Investments LLC raised its stake in Invuity by 6.2% in the second quarter. RTW Investments LLC now owns 226,042 shares of the company’s stock valued at $2,154,000 after buying an additional 13,234 shares in the last quarter. Coe Capital Management LLC bought a new stake in Invuity during the second quarter valued at about $552,000. Finally, FMR LLC raised its stake in 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. 48.42% of the stock is owned by institutional investors and hedge funds.
IVTY has been the topic of several recent analyst reports. Lake Street Capital initiated coverage on Invuity in a report on Monday, September 19th. They issued a “buy” rating and a $18.00 price target on the stock. Craig Hallum initiated coverage on Invuity in a report on Monday, August 29th. They issued a “buy” rating and a $25.00 price target on the stock. Piper Jaffray Cos. reaffirmed an “overweight” rating and issued a $12.00 price target on shares of Invuity in a report on Wednesday, July 20th. Zacks Investment Research raised Invuity from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a report on Tuesday, September 20th. Finally, Leerink Swann reaffirmed a “buy” rating and issued a $15.00 price target on shares of Invuity in a report on Thursday, June 23rd. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $17.00.
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