Innovex International (NYSE:INVX – Get Free Report) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Tuesday,Zacks.com reports.
Several other equities research analysts also recently commented on the company. Barclays increased their price objective on Innovex International from $24.00 to $26.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. Jefferies Financial Group upgraded Innovex International to a “strong-buy” rating in a research report on Friday, June 12th. Wall Street Zen cut Innovex International from a “buy” rating to a “hold” rating in a research report on Sunday. Weiss Ratings cut Innovex International from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Finally, Citigroup assumed coverage on Innovex International in a research report on Thursday, May 7th. They issued a “buy” rating and a $35.00 price target on the stock. Three research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Innovex International currently has a consensus rating of “Buy” and a consensus target price of $32.25.
Get Our Latest Stock Analysis on INVX
Innovex International Trading Down 2.1%
Insider Activity at Innovex International
In related news, insider Mark Reddout sold 10,750 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $28.00, for a total value of $301,000.00. Following the transaction, the insider owned 134,312 shares in the company, valued at approximately $3,760,736. This trade represents a 7.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 34.90% of the company’s stock.
Institutional Trading of Innovex International
A number of hedge funds have recently made changes to their positions in the company. Strs Ohio bought a new position in shares of Innovex International during the fourth quarter worth about $44,000. Smartleaf Asset Management LLC increased its holdings in shares of 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 acquiring an additional 511 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new stake in shares of Innovex International during the fourth quarter valued at approximately $55,000. Covestor Ltd increased its holdings in shares of Innovex International by 77.7% during the fourth quarter. Covestor Ltd now owns 3,284 shares of the company’s stock valued at $72,000 after acquiring an additional 1,436 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in Innovex International by 418.1% during the second quarter. Tower Research Capital LLC TRC now owns 3,523 shares of the company’s stock worth $55,000 after buying an additional 2,843 shares in the last quarter.
Innovex International Company Profile
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.
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