Published On: Mon, Sep 19th, 2016

Invuity Inc. (IVTY) Now Covered by Lake Street Capital

Research analysts at Lake Street Capital began coverage on shares of Invuity Inc. (NASDAQ:IVTY) in a report released on Monday. The brokerage set a “buy” rating on the stock.
A number of other equities analysts have also issued reports on the stock. Leerink Swann restated a “buy” rating and set a $15.00 target price on shares of Invuity in a research report on Thursday, June 23rd. TheStreet lowered shares of Invuity to a “sell” rating in a research report on Tuesday, July 19th. Zacks Investment Research upgraded shares of Invuity from a “sell” rating to a “hold” rating in a research report on Tuesday, July 26th. Craig Hallum initiated coverage on shares of Invuity in a research report on Monday, August 29th. They set a “buy” rating and a $25.00 target price on the stock. Finally, Piper Jaffray Cos. restated an “overweight” rating and set a $12.00 target price on shares of Invuity in a research report on Wednesday, July 20th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $17.33.
Shares of Invuity (NASDAQ:IVTY) opened at 13.30 on Monday. The stock’s market cap is $178.83 million. Invuity has a 12-month low of $4.80 and a 12-month high of $15.46. The stock’s 50 day moving average is $11.85 and its 200-day moving average is $8.67.

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Invuity (NASDAQ:IVTY) last announced its earnings results on Tuesday, July 19th. The company reported ($0.76) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.81) by $0.05. The business had revenue of $8.20 million for the quarter, compared to analyst estimates of $8.04 million. Invuity had a negative net margin of 156.54% and a negative return on equity of 113.16%. Equities analysts anticipate that Invuity will post ($2.80) EPS for the current fiscal year.
In other Invuity news, Director Eric W. Roberts sold 5,000 shares of the firm’s stock in a transaction on Tuesday, August 23rd. The stock was sold at an average price of $12.00, for a total value of $60,000.00. Following the completion of the sale, the director now owns 69,945 shares of the company’s stock, valued at $839,340. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Alex Vayser sold 12,000 shares of the firm’s stock in a transaction on Thursday, July 21st. The shares were sold at an average price of $12.00, for a total value of $144,000.00. Following the completion of the sale, the insider now directly owns 190,702 shares of the company’s stock, valued at approximately $2,288,424. The disclosure for this sale can be found here. Corporate insiders own 13.84% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. Fiera Capital Corp acquired a new stake in Invuity during the second quarter worth approximately $687,000. Paloma Partners Management Co acquired a new stake in Invuity during the second quarter worth approximately $179,000. RTW Investments LLC increased its stake 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 period. Coe Capital Management LLC acquired a new stake in Invuity during the second quarter worth approximately $552,000. Finally, FMR LLC increased its stake 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 period. 48.42% of the stock is owned by institutional investors.
Invuity Company Profile

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