KeyCorp Predicts InnovAge’s FY2026 Earnings (NASDAQ:INNV)

InnovAge Holding Corp. (NASDAQ:INNV) – KeyCorp dropped their FY2026 earnings per share estimates for shares of InnovAge in a research report issued to clients and investors on Thursday, August 20th. KeyCorp analyst M. Gillmor now forecasts that the company will post earnings of $0.01 per share for the year, down from their prior estimate of $0.25. KeyCorp currently has a “Overweight” rating and a $13.00 target price on the stock. The consensus estimate for InnovAge’s current full-year earnings is $0.07 per share. KeyCorp also issued estimates for InnovAge’s FY2028 earnings at $0.52 EPS.

A number of other research analysts have also issued reports on the company. Wall Street Zen lowered InnovAge from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Weiss Ratings reissued a “sell (d-)” rating on shares of InnovAge in a report on Thursday, August 13th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, InnovAge has an average rating of “Reduce” and an average price target of $10.00.

InnovAge Trading Up 0.5%

Shares of INNV stock opened at $11.02 on Tuesday. The stock has a 50-day simple moving average of $11.00 and a 200 day simple moving average of $9.12. InnovAge has a fifty-two week low of $3.54 and a fifty-two week high of $12.64. The stock has a market capitalization of $1.50 billion, a P/E ratio of -122.44 and a beta of 0.39. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.26.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Bank of America Corp DE lifted its position in shares of InnovAge by 42.4% during the 4th quarter. Bank of America Corp DE now owns 19,945 shares of the company’s stock valued at $78,000 after acquiring an additional 5,936 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in shares of InnovAge in the 1st quarter worth $166,000. Goldman Sachs Group Inc. grew its holdings in shares of InnovAge by 41.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 94,831 shares of the company’s stock worth $283,000 after acquiring an additional 27,674 shares during the last quarter. Jane Street Group LLC raised its position in shares of InnovAge by 18.9% during the first quarter. Jane Street Group LLC now owns 46,827 shares of the company’s stock worth $140,000 after purchasing an additional 7,429 shares during the period. Finally, Strs Ohio acquired a new stake in shares of InnovAge during the first quarter worth $186,000. Institutional investors own 12.26% of the company’s stock.

About InnovAge

InnovAge Holdings, Inc (NASDAQ:INNV) is a healthcare services company that specializes in caring for seniors through the Program of All-Inclusive Care for the Elderly (PACE). Designed for individuals who are eligible for both Medicare and Medicaid, the PACE model integrates medical care, social services and long-term care—delivered primarily in participants’ homes and community-based centers. InnovAge’s approach centers on interdisciplinary care teams that coordinate everything from primary and specialty medical services to nutritional counseling and recreational activities.

The company’s core offerings include comprehensive in-home assessments, physician and nursing services, physical and occupational therapy, prescription medication management, and transportation to medical appointments.