Shares of Invuity, Inc. (NASDAQ:IVTY) have been given an average rating of “Buy” by the eight brokerages that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $15.60.

A number of equities analysts have recently weighed in on IVTY shares. Northland Securities restated a “buy” rating and issued a $13.00 target price on shares of Invuity in a research note on Tuesday, May 16th. Zacks Investment Research downgraded Invuity from a “hold” rating to a “sell” rating in a research note on Tuesday, June 13th. William Blair restated a “buy” rating on shares of Invuity in a research note on Tuesday, May 23rd. Finally, Stifel Nicolaus restated a “buy” rating and issued a $10.00 target price (up previously from $9.00) on shares of Invuity in a research note on Thursday, April 27th.

In other news, Director Eric W. Roberts acquired 5,000 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The shares were acquired at an average price of $7.88 per share, for a total transaction of $39,400.00. Following the completion of the purchase, the director now owns 101,529 shares in the company, valued at $800,048.52. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Eric W. Roberts acquired 6,500 shares of the company’s stock in a transaction that occurred on Thursday, May 18th. The stock was purchased at an average price of $7.07 per share, for a total transaction of $45,955.00. Following the purchase, the director now owns 106,029 shares of the company’s stock, valued at approximately $749,625.03. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 13,500 shares of company stock worth $102,955. 10.50% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of IVTY. Lyon Street Capital LLC increased its position in Invuity by 84.3% in the first quarter. Lyon Street Capital LLC now owns 727,032 shares of the medical instruments supplier’s stock valued at $5,780,000 after buying an additional 332,593 shares during the last quarter. Dialectic Capital Management LP increased its position in Invuity by 67.7% in the first quarter. Dialectic Capital Management LP now owns 394,000 shares of the medical instruments supplier’s stock valued at $3,132,000 after buying an additional 159,000 shares during the last quarter. Granite Investment Partners LLC increased its position in Invuity by 90.4% in the first quarter. Granite Investment Partners LLC now owns 275,320 shares of the medical instruments supplier’s stock valued at $2,189,000 after buying an additional 130,724 shares during the last quarter. Wesbanco Bank Inc. purchased a new position in Invuity during the first quarter valued at approximately $493,000. Finally, Cowen Prime Services LLC boosted its stake in shares of Invuity by 10.7% in the first quarter. Cowen Prime Services LLC now owns 342,250 shares of the medical instruments supplier’s stock worth $2,721,000 after buying an additional 33,000 shares during the last quarter. Institutional investors and hedge funds own 69.37% of the company’s stock.

Shares of Invuity (NASDAQ IVTY) traded down 4.65% on Friday, reaching $8.20. The company had a trading volume of 35,815 shares. The stock’s market cap is $139.19 million. Invuity has a 12 month low of $4.50 and a 12 month high of $14.25. The stock has a 50-day moving average price of $7.27 and a 200-day moving average price of $7.39.

Invuity (NASDAQ:IVTY) last released its quarterly earnings results on Wednesday, April 26th. The medical instruments supplier reported ($0.64) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.61) by $0.03. The company had revenue of $9.02 million for the quarter, compared to analyst estimates of $8.71 million. Invuity had a negative net margin of 118.92% and a negative return on equity of 129.81%. Analysts predict that Invuity will post ($2.24) earnings per share for the current fiscal year.

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Invuity Company Profile

Analyst Recommendations for Invuity (NASDAQ:IVTY)

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