Innovex International (INVX) Projected to Post Quarterly Earnings on Monday

Innovex International (NYSE:INVX) will likely be issuing its results after the market closes on Monday, February 23rd. Analysts expect the company to announce earnings of $0.29 per share and revenue of $240.00 million for the quarter.

Innovex International Trading Up 0.0%

NYSE INVX opened at $25.45 on Friday. Innovex International has a 1 year low of $11.93 and a 1 year high of $26.65. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.78 and a quick ratio of 2.93. The company has a market capitalization of $1.75 billion, a PE ratio of 17.31 and a beta of 0.75. The company has a fifty day moving average of $23.90 and a 200 day moving average of $20.73.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Piper Sandler boosted their price objective on Innovex International from $20.00 to $27.00 and gave the company an “overweight” rating in a report on Thursday, December 18th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Innovex International in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $20.00.

Insider Transactions at Innovex International

In other Innovex International news, CEO Adam Anderson sold 13,241 shares of the business’s 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 in the company, valued at approximately $12,470,550. The trade was a 2.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Mark Reddout sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $25.00, for a total value of $500,000.00. Following the completion of the transaction, the insider owned 129,436 shares in the company, valued at approximately $3,235,900. This trade represents a 13.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 43.90% of the stock is owned by insiders.

Institutional Investors Weigh In On Innovex International

Several hedge funds and other institutional investors have recently bought and sold shares of INVX. JPMorgan Chase & Co. grew its stake in Innovex International by 39.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 24,365 shares of the company’s stock worth $381,000 after purchasing an additional 6,945 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Innovex International by 7.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,093 shares of the company’s stock valued at $379,000 after buying an additional 1,467 shares during the period. Quantbot Technologies LP acquired a new position in shares of Innovex International during the second quarter worth about $283,000. Numerai GP LLC acquired a new position in shares of Innovex International during the third quarter worth about $282,000. Finally, Caxton Associates LLP purchased a new stake in shares of Innovex International during the first quarter worth approximately $270,000.

About Innovex International

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.