InnovAge Holding Corp. (NASDAQ:INNV) to Post FY2026 Earnings of $0.07 Per Share, William Blair Forecasts

InnovAge Holding Corp. (NASDAQ:INNV) – Stock analysts at William Blair issued their FY2026 earnings per share estimates for 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 $0.07 for the year.

InnovAge Price Performance

NASDAQ:INNV opened at $5.99 on Thursday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.25 and a quick ratio of 1.25. InnovAge has a one year low of $3.52 and a one year high of $7.64. The company has a fifty day moving average price of $6.01 and a 200 day moving average price of $5.00. The stock has a market cap of $814.57 million, a P/E ratio of -24.96 and a beta of 0.39.

InnovAge (NASDAQ:INNV) last issued its quarterly earnings results on Tuesday, September 10th. The company reported ($0.01) EPS for the quarter, topping 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 in the previous year, the business posted ($0.09) EPS.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Rhumbline Advisers raised 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 purchasing an additional 1,793 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of InnovAge by 27.1% in the 2nd 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 bought a new position in shares of InnovAge during the 2nd quarter worth about $496,000. Renaissance Technologies LLC boosted its position in shares of InnovAge by 3.1% during the 2nd quarter. Renaissance Technologies LLC now owns 136,400 shares of the company’s stock valued at $677,000 after acquiring an additional 4,100 shares in the last quarter. Finally, Kent Lake Capital LLC increased its stake in 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 acquiring an additional 62,141 shares during the period. Institutional investors and hedge funds own 12.26% of the company’s stock.

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 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.