InnovAge (NASDAQ:INNV) Posts Earnings Results

InnovAge (NASDAQ:INNV) posted its quarterly earnings data on Tuesday. The company reported ($0.10) EPS 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 Trading Up 4.5 %

NASDAQ INNV opened at $3.69 on Wednesday. InnovAge has a 52 week low of $3.49 and a 52 week high of $6.69. The business has a 50 day moving average price of $4.07 and a 200-day moving average price of $5.24. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.21 and a current ratio of 1.21.

Analyst Ratings Changes

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

InnovAge Company Profile

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.