Invuity Inc. (IVTY) VP Robert Gerberich Sells 1,500 Shares
Invuity Inc. (NASDAQ:IVTY) VP Robert Gerberich sold 1,500 shares of the business’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 sale, the vice president now directly owns 1,500 shares of the company’s stock, valued at approximately $19,080. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
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 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 issued its earnings results on Tuesday, July 19th. The company reported ($0.76) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.81) by $0.05. The company earned $8.20 million during the quarter, compared to analyst estimates of $8.04 million. Invuity had a negative return on equity of 113.16% and a negative net margin of 156.54%. On average, equities research analysts forecast that Invuity Inc. will post ($2.74) EPS for the current year.
Several research firms have issued reports on IVTY. Zacks Investment Research raised Invuity from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a report on Tuesday, September 20th. Lake Street Capital began coverage on Invuity in a report on Monday, September 19th. They set a “buy” rating and a $18.00 price target for the company. Craig Hallum began coverage on Invuity in a research note on Monday, August 29th. They issued a “buy” rating and a $25.00 price objective for the company. TheStreet lowered Invuity to a “sell” rating in a research note on Tuesday, July 19th. Finally, Piper Jaffray Cos. reaffirmed an “overweight” rating and issued a $12.00 price objective on shares of Invuity in a research note on Wednesday, July 20th. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $17.00.
A number of institutional investors have recently modified their holdings of IVTY. FMR LLC raised its position in shares of 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 during the period. Deerfield Management Co. raised its position in shares of 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 during the period. Fiera Capital Corp purchased a new position in shares of Invuity during the second quarter worth about $687,000. Cowen Prime Services LLC purchased a new position in shares of Invuity during the second quarter worth about $581,000. Finally, Coe Capital Management LLC purchased a new position in shares of Invuity during the second quarter worth about $552,000. Institutional investors own 48.42% of the company’s stock.
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