Invuity, Inc. (NASDAQ:IVTY) has earned a consensus rating of “Buy” from the six ratings firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $11.67.
Several equities research analysts have weighed in on the company. Zacks Investment Research cut Invuity from a “hold” rating to a “sell” rating in a research note on Thursday, September 28th. Piper Jaffray Companies restated a “buy” rating and set a $12.00 target price on shares of Invuity in a research note on Friday, November 10th. Finally, Northland Securities restated a “buy” rating and set a $13.00 target price on shares of Invuity in a research note on Tuesday, September 26th.
Invuity (NASDAQ:IVTY) remained flat at $$6.05 during midday trading on Friday. The company’s stock had a trading volume of 108,300 shares, compared to its average volume of 110,067. The company has a quick ratio of 2.47, a current ratio of 2.90 and a debt-to-equity ratio of 5.39. Invuity has a fifty-two week low of $5.75 and a fifty-two week high of $9.70. The stock has a market capitalization of $103.69, a P/E ratio of -2.45 and a beta of -0.25.
Several large investors have recently made changes to their positions in the company. CAPROCK Group Inc. increased its holdings in shares of Invuity by 28.6% during the third quarter. CAPROCK Group Inc. now owns 45,000 shares of the medical instruments supplier’s stock worth $401,000 after buying an additional 10,000 shares in the last quarter. Citadel Advisors LLC acquired a new position in shares of Invuity during the second quarter worth $101,000. Renaissance Technologies LLC acquired a new position in shares of Invuity during the first quarter worth $151,000. Lyon Street Capital LLC increased its holdings in shares of Invuity by 5.2% during the second quarter. Lyon Street Capital LLC now owns 764,530 shares of the medical instruments supplier’s stock worth $5,543,000 after buying an additional 37,498 shares in the last quarter. Finally, OxFORD Asset Management LLP acquired a new position in shares of Invuity during the second quarter worth $374,000. Institutional investors own 69.06% of the company’s stock.
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Invuity, Inc, a medical technology company, develops various surgical devices to address various surgical procedures in the United States. The company integrates its intelligent photonics technology platform into its single-use and reusable advanced surgical devices to address various critical intracavity illumination and visualization challenges.
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