Inventiva (NYSE:IVA) Downgraded by Zacks Investment Research

Inventiva (NYSE:IVAGet Rating) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Friday, Zacks.com reports.

According to Zacks, “Inventiva S.A. is a clinical-stage biopharmaceutical company. It is focused on the development of oral small molecule therapies for the treatment of NASH, MPS and other diseases with significant unmet medical need. Inventiva S.A. is based in Daix, France. “

Inventiva stock traded down $0.13 during midday trading on Friday, reaching $9.05. The company’s stock had a trading volume of 5,405 shares, compared to its average volume of 5,677. The stock’s 50-day simple moving average is $10.24 and its 200-day simple moving average is $11.98. Inventiva has a 52-week low of $8.00 and a 52-week high of $16.93.

A number of institutional investors have recently added to or reduced their stakes in IVA. BVF Inc. IL grew its holdings in Inventiva by 408.9% during the third quarter. BVF Inc. IL now owns 544,500 shares of the company’s stock worth $7,705,000 after acquiring an additional 437,500 shares during the period. NEA Management Company LLC grew its holdings in Inventiva by 24.7% during the third quarter. NEA Management Company LLC now owns 1,298,700 shares of the company’s stock worth $18,390,000 after acquiring an additional 257,034 shares during the period. Finally, Credit Suisse AG grew its holdings in Inventiva by 6.4% during the third quarter. Credit Suisse AG now owns 35,860 shares of the company’s stock worth $507,000 after acquiring an additional 2,148 shares during the period.

About Inventiva (Get Rating)

Inventiva SA, a clinical-stage biopharmaceutical company, focuses on the development of oral small molecule therapies for the treatment of non-alcoholic steatohepatitis (NASH), mucopolysaccharidoses (MPS), and other diseases. Its lead product candidate is Lanifibranor, which has completed Phase IIb clinical trial to treat NASH.

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