InnovAge (NASDAQ:INNV) Posts Quarterly Earnings Results

InnovAge (NASDAQ:INNV) issued its quarterly 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 Trading Up 4.5 %

Shares of NASDAQ INNV opened at $3.69 on Wednesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.21 and a current ratio of 1.21. InnovAge has a 52 week low of $3.49 and a 52 week high of $6.69. The stock’s fifty day moving average is $4.07 and its 200 day moving average is $5.24.

Wall Street Analysts Forecast Growth

INNV has been the subject of several research reports. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $5.00 price target on shares of InnovAge in a research note on Tuesday, December 17th. KeyCorp began coverage on InnovAge in a report on Friday, October 11th. They set a “sector weight” rating for the company.

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.