InnovAge (NASDAQ:INNV) Posts Earnings Results

InnovAge (NASDAQ:INNV) issued its earnings results on Tuesday. The company reported ($0.10) earnings per share for the quarter, Zacks reports. InnovAge had a negative return on equity of 5.68% and a negative net margin of 2.03%. InnovAge updated its FY 2025 guidance to EPS.

InnovAge Stock Up 4.5 %

NASDAQ:INNV traded up $0.16 during mid-day trading on Tuesday, hitting $3.69. The company had a trading volume of 63,004 shares, compared to its average volume of 57,832. InnovAge has a 1 year low of $3.49 and a 1 year high of $6.69. The business has a fifty day simple moving average of $4.09 and a 200-day simple moving average of $5.26. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $499.85 million, a price-to-earnings ratio of -30.75 and a beta of 0.37.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. JPMorgan Chase & Co. restated an “underweight” rating and issued a $5.00 price objective on shares of InnovAge in a report on Tuesday, December 17th. KeyCorp started coverage on shares of InnovAge in a report on Friday, October 11th. They issued a “sector weight” rating on the stock.

About InnovAge

InnovAge Holding Corp. manages and provides a range of medical and ancillary services for seniors in need of care and support to live independently in its homes and communities. The company manages its business through Program of All-Inclusive Care for the Elderly (PACE) approach. It also offers in-home care services consisting of skilled, unskilled, and personal care; in-center services, such as primary care, physical therapy, occupational therapy, speech therapy, dental services, mental health and psychiatric services, meals, and activities; transportation to the PACE center and third-party medical appointments; and care management.