Research Analysts Issue Forecasts for InnovAge Q4 Earnings

InnovAge Holding Corp. (NASDAQ:INNV) – Investment analysts at KeyCorp increased their Q4 2026 EPS estimates for shares of InnovAge in a report issued on Thursday, August 20th. KeyCorp analyst M. Gillmor now anticipates that the company will earn $0.09 per share for the quarter, up from their previous forecast of $0.07. KeyCorp currently has a “Overweight” rating and a $13.00 target price on the stock. The consensus estimate for InnovAge’s current full-year earnings is ($0.01) per share. KeyCorp also issued estimates for InnovAge’s Q1 2027 earnings at $0.11 EPS, Q2 2027 earnings at $0.11 EPS, Q3 2027 earnings at $0.15 EPS, Q4 2027 earnings at $0.09 EPS and FY2027 earnings at $0.47 EPS.

Other equities analysts have also issued research reports about the stock. Wall Street Zen lowered shares of InnovAge from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Weiss Ratings reiterated a “sell (d-)” rating on shares of InnovAge in a report on Thursday, August 13th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, InnovAge has a consensus rating of “Reduce” and an average price target of $10.00.

InnovAge Price Performance

INNV opened at $10.92 on Monday. InnovAge has a 1 year low of $3.54 and a 1 year high of $12.64. The company’s 50 day simple moving average is $11.03 and its 200 day simple moving average is $9.14. The stock has a market capitalization of $1.48 billion, a PE ratio of -121.33 and a beta of 0.39. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.03 and a current ratio of 1.03.

Hedge Funds Weigh In On InnovAge

Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of America Corp DE grew its holdings in shares of InnovAge by 42.4% during the 4th quarter. Bank of America Corp DE now owns 19,945 shares of the company’s stock worth $78,000 after purchasing an additional 5,936 shares during the period. Jacobs Levy Equity Management Inc. purchased a new position in InnovAge in the first quarter valued at approximately $166,000. Goldman Sachs Group Inc. lifted its position in InnovAge by 41.2% during the first quarter. Goldman Sachs Group Inc. now owns 94,831 shares of the company’s stock valued at $283,000 after buying an additional 27,674 shares in the last quarter. Jane Street Group LLC lifted its position in InnovAge by 18.9% during the first quarter. Jane Street Group LLC now owns 46,827 shares of the company’s stock valued at $140,000 after buying an additional 7,429 shares in the last quarter. Finally, Strs Ohio acquired a new position in InnovAge during the first quarter valued at approximately $186,000. 12.26% of the stock is owned by institutional investors and hedge funds.

About InnovAge

InnovAge Holdings, Inc (NASDAQ:INNV) is a healthcare services company that specializes in caring for seniors through the Program of All-Inclusive Care for the Elderly (PACE). Designed for individuals who are eligible for both Medicare and Medicaid, the PACE model integrates medical care, social services and long-term care—delivered primarily in participants’ homes and community-based centers. InnovAge’s approach centers on interdisciplinary care teams that coordinate everything from primary and specialty medical services to nutritional counseling and recreational activities.

The company’s core offerings include comprehensive in-home assessments, physician and nursing services, physical and occupational therapy, prescription medication management, and transportation to medical appointments.