Invuity, Inc. (IVTY) Position Maintained by Bank of New York Mellon Corp
Bank of New York Mellon Corp maintained its stake in shares of Invuity, Inc. (NASDAQ:IVTY) during the first quarter, Holdings Channel reports. The institutional investor owned 12,759 shares of the medical instruments supplier’s stock at the end of the first quarter. Bank of New York Mellon Corp’s holdings in Invuity were worth $101,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in the stock. Wesbanco Bank Inc. purchased a new stake in shares of Invuity during the first quarter valued at approximately $493,000. Granite Investment Partners LLC increased its stake in shares of 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 in the last quarter. Boston Advisors LLC purchased a new stake in shares of Invuity during the first quarter valued at approximately $144,000. Finally, Bank of Montreal Can purchased a new stake in shares of Invuity during the first quarter valued at approximately $112,000. Institutional investors own 69.58% of the company’s stock.
Invuity, Inc. (NASDAQ IVTY) traded up 3.33% during mid-day trading on Friday, reaching $6.20. 192,613 shares of the company were exchanged. The stock has a 50-day moving average price of $7.28 and a 200 day moving average price of $7.59. The company’s market capitalization is $105.71 million. Invuity, Inc. has a one year low of $4.50 and a one year high of $14.25.
Invuity (NASDAQ:IVTY) last issued its earnings results on Tuesday, July 25th. The medical instruments supplier reported ($0.61) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.54) by $0.07. Invuity had a negative return on equity of 140.69% and a negative net margin of 114.61%. The business had revenue of $9.77 million during the quarter, compared to analysts’ expectations of $10.30 million. Analysts predict that Invuity, Inc. will post ($2.38) EPS for the current year.
Several brokerages have recently commented on IVTY. Zacks Investment Research downgraded shares of Invuity from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Piper Jaffray Companies reiterated a “buy” rating and issued a $10.00 target price on shares of Invuity in a report on Wednesday, July 26th. Northland Securities set a $13.00 target price on shares of Invuity and gave the company a “buy” rating in a report on Tuesday, June 13th. William Blair reiterated a “buy” rating on shares of Invuity in a report on Tuesday, May 23rd. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $10.00 target price (up previously from $9.00) on shares of Invuity in a report on Thursday, April 27th. One investment analyst has rated the stock with a sell rating and six have issued a buy rating to the stock. Invuity presently has a consensus rating of “Buy” and an average target price of $15.17.
In other Invuity news, Director Eric W. Roberts bought 5,000 shares of the firm’s stock in a transaction on Monday, May 15th. The stock was acquired at an average price of $7.88 per share, with a total value of $39,400.00. Following the transaction, the director now owns 101,529 shares in the company, valued at $800,048.52. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Eric W. Roberts bought 6,500 shares of the firm’s stock in a transaction 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 transaction, the director now owns 106,029 shares in the company, valued at approximately $749,625.03. The disclosure for this purchase can be found here. 10.50% of the stock is currently owned by insiders.
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