Invuity (NASDAQ:IVTY) Getting Somewhat Favorable News Coverage, Report Finds
News coverage about Invuity (NASDAQ:IVTY) has trended somewhat positive on Tuesday, according to Accern Sentiment. The research group ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Invuity earned a media sentiment score of 0.02 on Accern’s scale. Accern also gave press coverage about the medical instruments supplier an impact score of 47.2831456525602 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the media headlines that may have effected Accern Sentiment’s scoring:
- Invuity, Inc. (IVTY) Receives Consensus Recommendation of “Buy” from Analysts (americanbankingnews.com)
- Zacks: Analysts Expect Invuity, Inc. (NASDAQ:IVTY) Will Announce Quarterly Sales of $10.15 Million (americanbankingnews.com)
- A Deep Dive into Horizons S&P/TSX Capped Energy Index ETF — Trading Focus (naijaoversabi.com)
- Zacks: Analysts Anticipate Invuity, Inc. (NASDAQ:IVTY) Will Post Earnings of -$0.56 Per Share (americanbankingnews.com)
Shares of Invuity (IVTY) traded up 3.67% during trading on Tuesday, hitting $6.35. 78,928 shares of the company traded hands. The stock’s market capitalization is $108.27 million. Invuity has a 52-week low of $4.50 and a 52-week high of $14.25. The company has a 50-day moving average of $7.37 and a 200-day moving average of $7.63.
Invuity (NASDAQ:IVTY) last announced its quarterly earnings results on Tuesday, July 25th. The medical instruments supplier reported ($0.61) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.54) by $0.07. The business had revenue of $9.77 million during the quarter, compared to analyst estimates of $10.30 million. Invuity had a negative net margin of 114.61% and a negative return on equity of 140.69%. Equities analysts expect that Invuity will post ($2.38) EPS for the current year.
IVTY has been the subject of several research analyst reports. Zacks Investment Research lowered shares of Invuity from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $10.00 price objective on shares of Invuity in a research report on Wednesday, July 26th. Northland Securities set a $13.00 price objective on shares of Invuity and gave the company a “buy” rating in a research report on Tuesday, June 13th. William Blair reaffirmed a “buy” rating on shares of Invuity in a research report on Tuesday, May 23rd. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $10.00 price objective (up from $9.00) on shares of Invuity in a research report on Thursday, April 27th. One investment analyst has rated the stock with a sell rating and six have given a buy rating to the company. Invuity presently has an average rating of “Buy” and a consensus target price of $15.17.
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In other Invuity news, Director Eric W. Roberts purchased 5,000 shares of the stock in a transaction that occurred on Monday, May 15th. The stock was purchased at an average cost of $7.88 per share, with a total value of $39,400.00. Following the completion of the acquisition, the director now directly owns 101,529 shares of the company’s stock, valued at approximately $800,048.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Eric W. Roberts purchased 6,500 shares of the stock in a transaction that occurred on Thursday, May 18th. The stock was acquired at an average cost of $7.07 per share, with a total value of $45,955.00. Following the completion of the acquisition, the director now directly owns 106,029 shares of the company’s stock, valued at $749,625.03. The disclosure for this purchase can be found here. Corporate insiders own 10.50% of the company’s stock.
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