Invuity Inc. (IVTY) Receives $17.50 Consensus Price Target from Brokerages
Invuity Inc. (NASDAQ:IVTY) has received an average rating of “Buy” from the six analysts that are covering the company. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $17.50.
A number of research firms have weighed in on IVTY. Lake Street Capital began coverage on shares of Invuity in a research report on Monday, September 19th. They set a “buy” rating and a $18.00 price objective for the company. Craig Hallum began coverage on shares of Invuity in a research report on Monday, August 29th. They set a “buy” rating and a $25.00 price objective for the company. Finally, Zacks Investment Research upgraded shares of Invuity from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Tuesday, September 20th.
Invuity (NASDAQ:IVTY) opened at 6.80 on Monday. The firm has a 50 day moving average of $9.09 and a 200-day moving average of $10.04. Invuity has a 52 week low of $4.50 and a 52 week high of $14.25. The stock’s market capitalization is $115.12 million.
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In related news, Director Eric W. Roberts sold 26,839 shares of the firm’s stock in a transaction dated Friday, September 2nd. The shares were sold at an average price of $14.00, for a total transaction of $375,746.00. Following the completion of the sale, the director now directly owns 69,945 shares in the company, valued at $979,230. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Alex Vayser sold 3,000 shares of the firm’s stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $13.18, for a total transaction of $39,540.00. Following the sale, the insider now owns 168,407 shares of the company’s stock, valued at $2,219,604.26. The disclosure for this sale can be found here. 13.84% of the stock is currently owned by insiders.
A number of large investors have recently added to or reduced their stakes in IVTY. FMR LLC boosted 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 during the last quarter. RTW Investments LLC boosted its stake in Invuity by 73.8% in the third quarter. RTW Investments LLC now owns 392,838 shares of the company’s stock valued at $5,390,000 after buying an additional 166,796 shares during the last quarter. Venator Capital Management Ltd. purchased a new stake in Invuity during the third quarter valued at about $3,780,000. Cowen Prime Services LLC boosted its stake in Invuity by 322.9% in the third quarter. Cowen Prime Services LLC now owns 257,950 shares of the company’s stock valued at $3,539,000 after buying an additional 196,950 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in Invuity by 4.7% in the second quarter. Vanguard Group Inc. now owns 115,244 shares of the company’s stock valued at $1,098,000 after buying an additional 5,141 shares during the last quarter. Hedge funds and other institutional investors own 64.96% of the company’s stock.
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