Invuity Inc. (IVTY) Insider Sells $11,709.00 in Stock
Invuity Inc. (NASDAQ:IVTY) insider Philip M. Sawyer sold 900 shares of Invuity stock in a transaction dated Thursday, October 6th. The stock was sold at an average price of $13.01, for a total value of $11,709.00. Following the transaction, the insider now owns 900 shares of the company’s stock, valued at approximately $11,709. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Invuity Inc. (NASDAQ:IVTY) opened at 13.47 on Friday. Invuity Inc. has a 52-week low of $4.80 and a 52-week high of $14.40. The stock has a 50 day moving average of $13.26 and a 200-day moving average of $9.42. The firm’s market capitalization is $181.12 million.
Invuity (NASDAQ:IVTY) last posted its earnings results on Tuesday, July 19th. The company reported ($0.76) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.81) by $0.05. Invuity had a negative net margin of 156.54% and a negative return on equity of 113.16%. The company had revenue of $8.20 million for the quarter, compared to analyst estimates of $8.04 million. Equities analysts expect that Invuity Inc. will post ($2.74) earnings per share for the current fiscal year.
Large investors have recently bought and sold shares of the company. 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 worth $19,149,000 after buying an additional 276,200 shares in the last quarter. Deerfield Management Co. raised its stake in Invuity by 23.1% in the first quarter. Deerfield Management Co. now owns 1,327,009 shares of the company’s stock worth $9,581,000 after buying an additional 248,791 shares in the last quarter. Fiera Capital Corp acquired a new stake in Invuity during the second quarter worth $687,000. Cowen Prime Services LLC acquired a new stake in Invuity during the second quarter worth $581,000. Finally, Coe Capital Management LLC acquired a new stake in Invuity during the second quarter worth $552,000. Institutional investors own 48.42% of the company’s stock.
IVTY has been the subject of a number of research analyst reports. Leerink Swann restated a “buy” rating and set a $15.00 price objective on shares of Invuity in a report on Thursday, June 23rd. Lake Street Capital initiated coverage on Invuity in a report on Monday, September 19th. They set a “buy” rating and a $18.00 price objective for the company. Zacks Investment Research upgraded Invuity from a “sell” rating to a “hold” rating in a report on Tuesday, July 26th. Craig Hallum initiated coverage on Invuity in a report on Monday, August 29th. They set a “buy” rating and a $25.00 price objective for the company. Finally, TheStreet cut 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 company’s stock. The company has an average rating of “Buy” and an average price target of $17.00.
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