Innovex International, Inc. (NYSE:INVX) Receives $32.25 Consensus PT from Analysts

Innovex International, Inc. (NYSE:INVX) has been assigned a consensus rating of “Buy” from the six brokerages that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating, one has issued a buy rating and three have issued a strong buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $32.25.

INVX has been the subject of several recent research reports. Wall Street Zen cut Innovex International from a “buy” rating to a “hold” rating in a research report on Sunday, June 14th. Weiss Ratings cut Innovex International from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Zacks Research raised Innovex International from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 16th. Jefferies Financial Group raised Innovex International to a “strong-buy” rating in a research report on Friday, June 12th. Finally, Piper Sandler increased their price target on Innovex International from $33.00 to $34.00 and gave the company an “overweight” rating in a research report on Monday, May 18th.

Insider Buying and Selling

In related news, insider Mark Reddout sold 10,750 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $28.00, for a total transaction of $301,000.00. Following the completion of the transaction, the insider directly owned 134,312 shares of the company’s stock, valued at approximately $3,760,736. This represents a 7.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 34.90% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of INVX. Smartleaf Asset Management LLC boosted its position in Innovex International by 31.2% during the third quarter. Smartleaf Asset Management LLC now owns 2,151 shares of the company’s stock valued at $40,000 after purchasing an additional 511 shares during the last quarter. Strs Ohio acquired a new stake in shares of Innovex International in the fourth quarter valued at approximately $44,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of Innovex International in the fourth quarter valued at approximately $55,000. Tower Research Capital LLC TRC lifted its position in shares of Innovex International by 418.1% in the second quarter. Tower Research Capital LLC TRC now owns 3,523 shares of the company’s stock valued at $55,000 after buying an additional 2,843 shares during the last quarter. Finally, Covestor Ltd lifted its position in shares of Innovex International by 77.7% in the fourth quarter. Covestor Ltd now owns 3,284 shares of the company’s stock valued at $72,000 after buying an additional 1,436 shares during the last quarter.

Innovex International Stock Down 0.7%

NYSE:INVX opened at $25.39 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.38 and a current ratio of 5.10. The company has a market cap of $1.75 billion, a PE ratio of 33.85 and a beta of 0.82. Innovex International has a 52-week low of $14.65 and a 52-week high of $32.25. The stock has a 50-day simple moving average of $27.65 and a 200 day simple moving average of $25.53.

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.