INNOVATE (NYSE:VATE) Upgraded to Buy at Wall Street Zen

Posted by on May 17th, 2026

Wall Street Zen upgraded shares of INNOVATE (NYSE:VATE – Free Report) to a buy rating in a research report report published on Saturday morning.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of INNOVATE in a research note on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, INNOVATE currently has an average rating of “Sell”.

View Our Latest Analysis on VATE

INNOVATE Price Performance

NYSE:VATE opened at $10.82 on Friday. INNOVATE has a fifty-two week low of $3.75 and a fifty-two week high of $13.46. The stock’s 50-day moving average is $8.29 and its two-hundred day moving average is $6.27. The stock has a market cap of $147.52 million, a PE ratio of -2.54 and a beta of 2.27.

INNOVATE (NYSE:VATE – Get Free Report) last released its earnings results on Thursday, May 14th. The company reported ($1.29) earnings per share for the quarter, beating the consensus estimate of ($2.18) by $0.89. The business had revenue of $364.80 million for the quarter, compared to analysts’ expectations of $251.70 million.

Institutional Investors Weigh In On INNOVATE

Large investors have recently made changes to their positions in the company. Jane Street Group LLC bought a new stake in shares of INNOVATE in the 4th quarter valued at approximately $51,000. Squarepoint Ops LLC bought a new stake in shares of INNOVATE in the 3rd quarter valued at approximately $58,000. Gabelli Funds LLC grew its stake in shares of INNOVATE by 11.2% in the 4th quarter. Gabelli Funds LLC now owns 18,900 shares of the company’s stock valued at $85,000 after buying an additional 1,900 shares in the last quarter. Bank of America Corp DE grew its stake in shares of INNOVATE by 13.4% in the 3rd quarter. Bank of America Corp DE now owns 18,962 shares of the company’s stock valued at $93,000 after buying an additional 2,236 shares in the last quarter. Finally, Citadel Advisors LLC grew its stake in shares of INNOVATE by 60.2% in the 3rd quarter. Citadel Advisors LLC now owns 37,694 shares of the company’s stock valued at $184,000 after buying an additional 14,163 shares in the last quarter. Institutional investors own 34.28% of the company’s stock.

About INNOVATE

(Get Free Report)

INNOVATE Corp., through its subsidiaries, operates in infrastructure, life sciences, and spectrum areas in the United States. The Infrastructure segment provides industrial construction, structural steel, and facility maintenance services, such as fabrication and erection of structural steel and heavy steel plate services, and large-diameter water pipes and water storage tanks; fabrication of trusses and girders; and 3-D building information modeling and detailing for commercial, industrial, and infrastructure construction projects, such as buildings and office complexes, hotels and casinos, convention centers, sports arenas and stadiums, shopping malls, hospitals, dams, bridges, mines, metal processing, refineries, pulp and paper mills, and power plants.

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