Philip M. Sawyer Sells 900 Shares of Invuity Inc. (IVTY) Stock
Invuity Inc. (NASDAQ:IVTY) insider Philip M. Sawyer sold 900 shares of the company’s stock in a transaction that occurred on Thursday, October 6th. The stock was sold at an average price of $13.01, for a total value of $11,709.00. Following the transaction, the insider now owns 900 shares in the company, valued at approximately $11,709. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of Invuity Inc. (NASDAQ:IVTY) opened at 13.47 on Friday. The company has a 50 day moving average price of $13.26 and a 200 day moving average price of $9.42. The stock’s market cap is $181.12 million. Invuity Inc. has a 1-year low of $4.80 and a 1-year high of $14.40.
Invuity (NASDAQ:IVTY) last posted its quarterly earnings results on Tuesday, July 19th. The company reported ($0.76) earnings per share for the quarter, beating the consensus estimate of ($0.81) by $0.05. Invuity had a negative net margin of 156.54% and a negative return on equity of 113.16%. The business earned $8.20 million during the quarter, compared to analysts’ expectations of $8.04 million. On average, equities analysts anticipate that Invuity Inc. will post ($2.74) EPS for the current year.
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A number of research analysts have weighed in on IVTY shares. Leerink Swann reiterated a “buy” rating and set a $15.00 target price on shares of Invuity in a report on Thursday, June 23rd. Zacks Investment Research upgraded Invuity from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Tuesday, September 20th. Lake Street Capital started coverage on Invuity in a report on Monday, September 19th. They set a “buy” rating and a $18.00 target price on the stock. Craig Hallum started coverage on Invuity in a report on Monday, August 29th. They set a “buy” rating and a $25.00 target price on the stock. Finally, Piper Jaffray Cos. reiterated an “overweight” rating and set a $12.00 target price 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 a consensus price target of $17.00.
Hedge funds have recently bought and sold shares of the stock. Fiera Capital Corp purchased a new stake in Invuity during the second quarter valued at $687,000. Paloma Partners Management Co bought a new position in Invuity during the second quarter worth $179,000. RTW Investments LLC boosted its position in Invuity by 6.2% in the second quarter. RTW Investments LLC now owns 226,042 shares of the company’s stock worth $2,154,000 after buying an additional 13,234 shares during the last quarter. Coe Capital Management LLC bought a new position in Invuity during the second quarter worth $552,000. Finally, FMR LLC boosted its position in Invuity by 15.9% in the second quarter. FMR LLC now owns 2,009,300 shares of the company’s stock worth $19,149,000 after buying an additional 276,200 shares during the last quarter. 48.42% of the stock is owned by institutional investors and hedge funds.
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