Invuity Inc. (NASDAQ:IVTY) VP Robert Gerberich sold 1,500 shares of the company’s stock in a transaction that occurred on 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 owns 1,500 shares in the company, valued at $19,080. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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. Invuity Inc. has a 52 week low of $4.80 and a 52 week high of $14.40. The company has a 50-day moving average price of $13.26 and a 200 day moving average price of $9.42. The company’s market cap is $181.12 million.
Invuity (NASDAQ:IVTY) last posted its quarterly earnings data on Tuesday, July 19th. The company reported ($0.76) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.81) by $0.05. Invuity had a negative return on equity of 113.16% and a negative net margin of 156.54%. The company had revenue of $8.20 million for the quarter, compared to analysts’ expectations of $8.04 million. On average, equities research analysts forecast that Invuity Inc. will post ($2.74) EPS for the current fiscal year.
Large investors have recently bought and sold shares of the company. Deerfield Management Co. boosted 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 valued at $9,581,000 after buying an additional 248,791 shares during the last quarter. State Street Corp boosted its stake in Invuity by 4.9% in the first quarter. State Street Corp now owns 36,116 shares of the company’s stock valued at $259,000 after buying an additional 1,700 shares during the last quarter. Fiera Capital Corp purchased a new stake in Invuity during the second quarter valued at about $687,000. Paloma Partners Management Co purchased a new stake in Invuity during the second quarter valued at about $179,000. Finally, RTW Investments LLC boosted its stake in Invuity by 6.2% in the second quarter. RTW Investments LLC now owns 226,042 shares of the company’s stock valued at $2,154,000 after buying an additional 13,234 shares during the last quarter. Institutional investors own 48.42% of the company’s stock.
A number of brokerages have issued reports on IVTY. Zacks Investment Research upgraded Invuity from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research report on Tuesday, September 20th. Lake Street Capital started coverage on Invuity in a report on Monday, September 19th. They issued a “buy” rating and a $18.00 price target on the stock. Craig Hallum started coverage on Invuity in a report on Monday, August 29th. They issued a “buy” rating and a $25.00 price target on the stock. TheStreet downgraded Invuity to a “sell” rating in a report on Tuesday, July 19th. Finally, Piper Jaffray Cos. reiterated an “overweight” rating and issued a $12.00 price target on shares of Invuity in a report on Wednesday, July 20th. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. Invuity has an average rating of “Buy” and an average target price of $17.00.
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