Key Points
- CEO Adam Anderson sold 13,241 shares on January 14 at an average price of $25 for total proceeds of $331,025, leaving him with 498,822 shares (a 2.59% ownership decrease).
- The company reported quarterly EPS of $0.18, missing estimates by $0.09 while revenue of $240 million beat expectations; Innovex trades with a market cap of $1.67 billion, a P/E of 16.53, and is near its 12‑month high.
- Piper Sandler raised its price target to $27 with an "overweight" rating, and analysts collectively give Innovex a consensus rating of "Moderate Buy" with an average target of $20.
Innovex International, Inc. (NYSE:INVX - Get Free Report) CEO Adam Anderson sold 13,241 shares of Innovex International stock in a transaction that occurred on Wednesday, January 14th. The stock was sold at an average price of $25.00, for a total transaction of $331,025.00. Following the completion of the sale, the chief executive officer directly owned 498,822 shares of the company's stock, valued at $12,470,550. The trade was a 2.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Innovex International Stock Performance
Innovex International stock opened at $24.30 on Friday. The company has a market cap of $1.67 billion, a price-to-earnings ratio of 16.53 and a beta of 0.74. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.78 and a quick ratio of 2.93. Innovex International, Inc. has a 12 month low of $11.93 and a 12 month high of $25.15. The stock's 50-day moving average is $22.42 and its 200-day moving average is $19.10.
Innovex International (NYSE:INVX - Get Free Report) last released its quarterly earnings results on Monday, November 3rd. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.09). The firm had revenue of $240.00 million for the quarter, compared to analysts' expectations of $235.00 million. Innovex International had a return on equity of 8.51% and a net margin of 10.59%.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on the stock. Piper Sandler lifted their price objective on shares of Innovex International from $20.00 to $27.00 and gave the stock an "overweight" rating in a research note on Thursday, December 18th. Weiss Ratings restated a "buy (b-)" rating on shares of Innovex International in a report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $20.00.
Get Our Latest Research Report on Innovex International
Institutional Investors Weigh In On Innovex International
Institutional investors have recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC raised its stake in Innovex International by 31.2% during the third quarter. Smartleaf Asset Management LLC now owns 2,151 shares of the company's stock worth $40,000 after acquiring an additional 511 shares in the last quarter. Lesa Sroufe & Co lifted its holdings in Innovex International by 0.5% during the 3rd quarter. Lesa Sroufe & Co now owns 114,980 shares of the company's stock valued at $2,132,000 after purchasing an additional 561 shares during the last quarter. Intech Investment Management LLC boosted its position in Innovex International by 4.4% in the second quarter. Intech Investment Management LLC now owns 23,452 shares of the company's stock valued at $366,000 after buying an additional 978 shares in the last quarter. Arizona State Retirement System grew its stake in Innovex International by 10.9% during the third quarter. Arizona State Retirement System now owns 11,226 shares of the company's stock worth $208,000 after buying an additional 1,104 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Innovex International by 7.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,093 shares of the company's stock worth $379,000 after buying an additional 1,467 shares during the last quarter.
Innovex International Company Profile
(
Get Free Report)
Innovex International, Inc engages in the provision of solutions for both onshore and offshore applications within the oil and gas industry. The company was founded on September 15, 2016 and is headquartered in Humble, TX.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
