StockNews.com began coverage on shares of Innoviva (NASDAQ:INVA – Get Rating) in a research report report published on Thursday. The firm issued a hold rating on the biotechnology company’s stock.
INVA has been the topic of several other research reports. The Goldman Sachs Group cut their price target on Innoviva from $15.00 to $13.00 and set a neutral rating on the stock in a research report on Friday, March 3rd. Morgan Stanley cut their price target on Innoviva from $13.00 to $10.00 and set an underweight rating on the stock in a research report on Friday, March 3rd. EF Hutton Acquisition Co. I reaffirmed a buy rating and set a $22.50 price target on shares of Innoviva in a research report on Friday, March 3rd. Finally, TheStreet lowered Innoviva from a b- rating to a c+ rating in a research report on Thursday, February 23rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Innoviva presently has an average rating of Hold and a consensus price target of $15.17.
Innoviva Price Performance
INVA stock opened at $11.18 on Thursday. The business has a 50 day moving average price of $12.26 and a 200 day moving average price of $12.74. The stock has a market cap of $780.14 million, a price-to-earnings ratio of 5.40 and a beta of 0.56. Innoviva has a fifty-two week low of $10.64 and a fifty-two week high of $20.71. The company has a quick ratio of 2.87, a current ratio of 3.29 and a debt-to-equity ratio of 0.79.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of INVA. Advisor Group Holdings Inc. increased its holdings in shares of Innoviva by 12.4% in the first quarter. Advisor Group Holdings Inc. now owns 8,138 shares of the biotechnology company’s stock valued at $153,000 after purchasing an additional 899 shares during the period. JPMorgan Chase & Co. grew its holdings in Innoviva by 9.7% during the first quarter. JPMorgan Chase & Co. now owns 306,797 shares of the biotechnology company’s stock worth $5,936,000 after acquiring an additional 27,181 shares during the period. Bank of New York Mellon Corp grew its holdings in Innoviva by 4.8% during the first quarter. Bank of New York Mellon Corp now owns 689,908 shares of the biotechnology company’s stock worth $13,350,000 after acquiring an additional 31,617 shares during the period. Cetera Advisor Networks LLC acquired a new position in Innoviva during the first quarter worth $249,000. Finally, Acadian Asset Management LLC grew its holdings in Innoviva by 430.1% during the first quarter. Acadian Asset Management LLC now owns 6,292 shares of the biotechnology company’s stock worth $120,000 after acquiring an additional 5,105 shares during the period.
Innoviva Company Profile
Innoviva, Inc is engaged in the development, commercialization, and financial management of biopharmaceuticals. Its portfolio includes Relvar Breo Ellipta, which is a once-daily combination medicine consisting of a long-acting beta2 agonist, vilanterol, and an inhaled corticosteroid, fluticasone furoate, and Anoro Ellipta, a once-daily medicine combining a long-acting muscarinic antagonist, umeclidinium bromide, LABA, VI.
- Get a free copy of the StockNews.com research report on Innoviva (INVA)
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