William Blair Comments on InnovAge Holding Corp.’s Q1 2025 Earnings (NASDAQ:INNV)

InnovAge Holding Corp. (NASDAQ:INNV) – Equities research analysts at William Blair issued their Q1 2025 earnings per share (EPS) estimates for shares of InnovAge in a research note issued on Wednesday, September 11th. William Blair analyst J. Haase anticipates that the company will post earnings per share of ($0.04) for the quarter. William Blair also issued estimates for InnovAge’s Q2 2025 earnings at $0.01 EPS, Q3 2025 earnings at ($0.01) EPS, Q4 2025 earnings at $0.01 EPS and FY2025 earnings at ($0.03) EPS.

InnovAge (NASDAQ:INNV) last announced its earnings results on Tuesday, September 10th. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.01. InnovAge had a negative return on equity of 7.43% and a negative net margin of 2.79%. The company had revenue of $199.40 million for the quarter, compared to the consensus estimate of $190.19 million. During the same period last year, the business posted ($0.09) EPS.

InnovAge Stock Up 4.2 %

Shares of INNV stock opened at $6.02 on Friday. The business’s 50 day moving average is $5.99 and its two-hundred day moving average is $5.00. InnovAge has a twelve month low of $3.52 and a twelve month high of $7.64. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.27.

Institutional Trading of InnovAge

Institutional investors have recently modified their holdings of the business. Rhumbline Advisers boosted its stake in shares of InnovAge by 7.0% in the second quarter. Rhumbline Advisers now owns 27,503 shares of the company’s stock valued at $136,000 after buying an additional 1,793 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of InnovAge by 27.1% in the second quarter. Bank of New York Mellon Corp now owns 58,322 shares of the company’s stock valued at $289,000 after buying an additional 12,448 shares in the last quarter. Accordant Advisory Group Inc purchased a new stake in shares of InnovAge in the second quarter valued at approximately $496,000. Renaissance Technologies LLC boosted its stake in shares of InnovAge by 3.1% in the second quarter. Renaissance Technologies LLC now owns 136,400 shares of the company’s stock valued at $677,000 after buying an additional 4,100 shares in the last quarter. Finally, Kent Lake Capital LLC boosted its stake in shares of InnovAge by 3.7% in the first quarter. Kent Lake Capital LLC now owns 1,750,000 shares of the company’s stock valued at $7,770,000 after buying an additional 62,141 shares in the last quarter. 12.26% of the stock is currently owned by hedge funds and other institutional investors.

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 their 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.