Should I buy or sell Innoviva stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Innoviva in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" INVA shares. View INVA analyst ratings or view top-rated stocks .

What is Innoviva's stock price target for 2024?

1 Wall Street research analysts have issued 1 year target prices for Innoviva's shares. Their INVA share price targets range from $22.50 to $22.50. On average, they expect the company's stock price to reach $22.50 in the next twelve months. This suggests a possible upside of 53.2% from the stock's current price. View analysts price targets for INVA or view top-rated stocks among Wall Street analysts .

How have INVA shares performed in 2024?

Innoviva's stock was trading at $16.04 at the start of the year. Since then, INVA shares have decreased by 8.4% and is now trading at $14.69. View the best growth stocks for 2024 here .

Are investors shorting Innoviva?

Innoviva saw a decrease in short interest in the month of March. As of March 31st, there was short interest totaling 11,330,000 shares, a decrease of 13.0% from the March 15th total of 13,020,000 shares. Based on an average daily volume of 681,300 shares, the short-interest ratio is currently 16.6 days. Currently, 18.2% of the shares of the stock are sold short. View Innoviva's Short Interest .

When is Innoviva's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024. View our INVA earnings forecast .

How were Innoviva's earnings last quarter?

Innoviva, Inc. (NASDAQ:INVA) posted its earnings results on Thursday, February, 29th. The biotechnology company reported $0.76 earnings per share for the quarter. The biotechnology company earned $85.84 million during the quarter. Innoviva had a trailing twelve-month return on equity of 30.37% and a net margin of 57.89%.

What ETFs hold Innoviva's stock?

ETFs with the largest weight of Innoviva (NASDAQ:INVA) stock in their portfolio include LeaderShares Activist Leaders ETF (ACTV) , Invesco Pharmaceuticals ETF (PJP) , ETC 6 Meridian Small Cap Equity ETF (SIXS) , Pacer US Small Cap Cash Cows Growth Leaders ETF (CAFG) , Conductor Global Equity Value ETF (CGV) , Roundhill Acquirers Deep Value ETF (DEEP) , Harbor Health Care ETF (MEDI) and SPDR S&P Pharmaceuticals ETF (XPH) .

What other stocks do shareholders of Innoviva own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Innoviva investors own include Inovio Pharmaceuticals (INO) , Gilead Sciences (GILD) , Exelixis (EXEL) , Micron Technology (MU) , Advanced Micro Devices (AMD) , Pfizer (PFE) , Vertex Pharmaceuticals (VRTX) , NVIDIA (NVDA) , OPKO Health (OPK) and Sorrento Therapeutics (SRNE) .

Who are Innoviva's major shareholders?

Innoviva's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Los Angeles Capital Management LLC (0.22%), Allspring Global Investments Holdings LLC (0.18%) and GAMMA Investing LLC (0.00%). Insiders that own company stock include Alexander J Denner, George Bickerstaff , Innoviva, Inc, Marianne Zhen , Pavel Raifeld and Plc Glaxosmithkline. View institutional ownership trends .

How do I buy shares of Innoviva?

Shares of INVA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:INVA

Innoviva (INVA) Stock Price, News & Analysis

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$14.69

+0.21 (+1.45%)

(As of 04/18/2024 ET)

Compare

Today's Range: $14.44
▼
$14.71
50-Day Range: $14.40
▼
$16.00
52-Week Range: $11.32
▼
$16.86

Volume: 636,365 shs
Average Volume: 669,794 shs
Market Capitalization: $928.85 million

P/E Ratio: 6.74
Dividend Yield: N/A
Price Target: $22.50

Get Innoviva alerts:

Innoviva MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 53.2% Upside
$22.50 Price Target
Short Interest: Bearish
18.15% of Float Sold Short
Dividend Strength: N/A
Sustainability: -0.33
Upright™ Environmental Score
News Sentiment: 1.16
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.12 out of 5 stars

Medical Sector

148th out of 918 stocks

Pharmaceutical Preparations Industry

49th out of 402 stocks

3.5

Analyst's Opinion

Consensus Rating
Innoviva has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Innoviva has received no research coverage in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
18.15% of the float of Innoviva has been sold short.
Short Interest Ratio / Days to Cover
Innoviva has a short interest ratio ("days to cover") of 16.6, which indicates bearish sentiment.
Change versus previous month
Short interest in Innoviva has recently decreased by 12.98%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Innoviva does not currently pay a dividend.
Dividend Growth
Innoviva does not have a long track record of dividend growth.

4.2

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Innoviva has received a 60.40% net impact score from Upright. The largest positive contribution comes from its "Physical diseases" impact, which is driven by its "Private equity funds investing in the pharmaceuticals industry" product. See details.
Environmental Sustainability
The Environmental Impact score for Innoviva is -0.33.

2.9

News and Social Media Coverage

News Sentiment
Innoviva has a news sentiment score of 1.16. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.53 average news sentiment score of Medical companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Innoviva this week, compared to 1 article on an average week.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Innoviva insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.40% of the stock of Innoviva is held by insiders.
Percentage Held by Institutions
99.12% of the stock of Innoviva is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Innoviva is 6.74, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 144.19.
Price to Earnings Ratio vs. Sector
The P/E ratio of Innoviva is 6.74, which means that it is trading at a less expensive P/E ratio than the Medical sector average P/E ratio of about 254.29.
Price to Book Value per Share Ratio
Innoviva has a P/B Ratio of 1.38. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Innoviva Stock (NASDAQ:INVA)

Innoviva, Inc. engages in the development and commercialization of pharmaceutical products in the United States and internationally. The company's products include RELVAR/BREO ELLIPTA, a once-daily combination medicine consisting of a LABA, vilanterol (VI), an inhaled corticosteroid (ICS), and fluticasone furoate; ANORO ELLIPTA, a once-daily medicine combining a long-acting muscarinic antagonist (LAMA) and umeclidinium bromide (UMEC) with a LABA, VI; GIAPREZA (angiotensin II), a vasoconstrictor to increase blood pressure in adults with septic or other distributive shock; XERAVA (eravacycline) for the treatment of complicated intra-abdominal infections in adults; and XACDURO, a beta lactamase inhibitor for the treatment of hospital-acquired bacterial pneumonia and ventilator-associated bacterial pneumonia. Its development pipeline includes zoliflodacin, a late-stage product candidate, a potential single oral dose cure for the treatment of uncomplicated gonorrhea. Innoviva, Inc. has a strategic partnership with Sarissa Capital Management LP. It has long-acting beta2 agonist (LABA) collaboration agreement with Glaxo Group Limited to develop and commercialize once-daily products for the treatment of chronic obstructive pulmonary disease and asthma. The company was formerly known as Theravance, Inc. and changed its name to Innoviva, Inc. in January 2016. Innoviva, Inc. was incorporated in 1996 and is headquartered in Burlingame, California.

INVA Stock Price History

30 days | 90 days | 365 days | Advanced Chart

INVA Stock News Headlines

April 16, 2024 | americanbankingnews.com

Innoviva, Inc. (NASDAQ:INVA) Sees Significant Decline in Short Interest

March 8, 2024 | benzinga.com

Insider Decision Unfolding At Innoviva: Pavel Raifeld Exercises Options

April 19, 2024 | InvestorPlace (Ad)

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March 4, 2024 | msn.com

Armata enters $35M credit agreement with Innoviva

February 29, 2024 | finance.yahoo.com

Innoviva Reports Fourth Quarter and Full Year 2023 Financial Results; Highlights Recent Company Progress

February 29, 2024 | businesswire.com

Innoviva Reports Fourth Quarter and Full Year 2023 Financial Results; Highlights Recent Company Progress

February 28, 2024 | msn.com

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February 14, 2024 | finance.yahoo.com

Jim Simons Bolsters Position in Innoviva Inc with Recent Acquisition

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February 8, 2024 | morningstar.com

Innoviva Inc INVA

February 6, 2024 | morningstar.com

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January 25, 2024 | stocknews.com

3 Lucrative Biotech Stock Buys for Success

January 8, 2024 | msn.com

Chart of the Day: Innoviva - Individual Investor Favorite

December 30, 2023 | finance.yahoo.com

Innoviva's (NASDAQ:INVA) investors will be pleased with their 29% return over the last three years

December 21, 2023 | uk.finance.yahoo.com

Innoviva, Inc. (INVA) stock historical prices & data – Yahoo Finance

December 11, 2023 | stocknews.com

Analyzing the Bullish Opportunities of 3 Biotech Stocks

November 27, 2023 | msn.com

Innoviva (INVA) Price Target Increased by 7.14% to 15.30

November 18, 2023 | finance.yahoo.com

Insider Sell Alert: Marianne Zhen Offloads Shares of Innoviva Inc

November 14, 2023 | finance.yahoo.com

Innoviva, Inc. (NASDAQ:INVA) Has Fared Decently But Fundamentals Look Uncertain: What Lies Ahead For The Stock?

November 3, 2023 | finance.yahoo.com

Innoviva Inc (INVA) Reports Q3 2023 Financial Results: Net Income Drops to $82.0 Million

November 1, 2023 | finance.yahoo.com

Positive Results Announced in Largest Pivotal Phase 3 Trial of a First-in-Class Oral Antibiotic to Treat Uncomplicated Gonorrhea

November 1, 2023 | finance.yahoo.com

Innoviva Reports Third Quarter 2023 Financial Results and Highlights Recent Company Progress

October 18, 2023 | finance.yahoo.com

Calculating The Intrinsic Value Of Innoviva, Inc. (NASDAQ:INVA)

October 9, 2023 | seekingalpha.com

Innoviva: A Lot Of Moving Parts

September 19, 2023 | finance.yahoo.com

Innoviva to Participate in the Cantor Global Healthcare Conference

September 18, 2023 | finance.yahoo.com

XACDURO®, The First and Only Antibiotic Developed to Target Acinetobacter, Now Available to Treat Hospital-Acquired Bacterial Pneumonia (HABP) and Ventilator-Associated Bacterial Pneumonia (VABP) in Adults

August 25, 2023 | finance.yahoo.com

Innoviva Appoints Stephen Basso as Chief Financial Officer

See More Headlines

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Company Calendar

Last Earnings: 2/29/2024
Today: 4/18/2024
Next Earnings (Estimated): 5/14/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Medical
Industry: Pharmaceutical preparations
Sub-Industry: Biotechnology
Current Symbol: NASDAQ:INVA
Previous Symbol: NASDAQ:THRX
CUSIP: 88338T10
CIK: 1080014
Web: www.inva.com
Phone: (650) 238-9600
Fax: 650-827-8690
Employees: 112
Year Founded: 1996

Price Target and Rating

Average Stock Price Target: $22.50
High Stock Price Target: $22.50
Low Stock Price Target: $22.50
Potential Upside/Downside: +53.2%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.18
Trailing P/E Ratio: 6.74
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $179.72 million
Net Margins: 57.89%
Pretax Margin: 62.52%
Return on Equity: 30.37%
Return on Assets: 15.70%

Debt

Debt-to-Equity Ratio: 0.66
Current Ratio: 9.03
Quick Ratio: 7.96

Sales & Book Value

Annual Sales: $310.46 million
Price / Sales: 2.99
Cash Flow: $3.55 per share
Price / Cash Flow: 4.14
Book Value: $10.66 per share
Price / Book: 1.38

Miscellaneous

Outstanding Shares: 63,230,000
Free Float: 62,342,000
Market Cap: $928.85 million
Optionable: Optionable
Beta: 0.57

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Key Executives

Mr. Pavel Raifeld C.F.A. (Age 40)
Chief Executive Officer
Comp: $754.67k
Ms. Marianne Zhen CPA (Age 55)
Chief Accounting Officer & Secretary
Comp: $530.21k
Mr. Stephen Basso M.B.A. (Age 58)
Chief Financial Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

INVA Stock Analysis - Frequently Asked Questions

Should I buy or sell Innoviva stock right now?: 1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Innoviva in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" INVA shares.
View INVA analyst ratings or view top-rated stocks.
What is Innoviva's stock price target for 2024?: 1 Wall Street research analysts have issued 1 year target prices for Innoviva's shares. Their INVA share price targets range from $22.50 to $22.50. On average, they expect the company's stock price to reach $22.50 in the next twelve months. This suggests a possible upside of 53.2% from the stock's current price.
View analysts price targets for INVA or view top-rated stocks among Wall Street analysts.
How have INVA shares performed in 2024?: Innoviva's stock was trading at $16.04 at the start of the year. Since then, INVA shares have decreased by 8.4% and is now trading at $14.69.
View the best growth stocks for 2024 here.
Are investors shorting Innoviva?: Innoviva saw a decrease in short interest in the month of March. As of March 31st, there was short interest totaling 11,330,000 shares, a decrease of 13.0% from the March 15th total of 13,020,000 shares. Based on an average daily volume of 681,300 shares, the short-interest ratio is currently 16.6 days. Currently, 18.2% of the shares of the stock are sold short.
View Innoviva's Short Interest.
When is Innoviva's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024.
View our INVA earnings forecast.
How were Innoviva's earnings last quarter?: Innoviva, Inc. (NASDAQ:INVA) posted its earnings results on Thursday, February, 29th. The biotechnology company reported $0.76 earnings per share for the quarter. The biotechnology company earned $85.84 million during the quarter. Innoviva had a trailing twelve-month return on equity of 30.37% and a net margin of 57.89%.

What ETFs hold Innoviva's stock?: ETFs with the largest weight of Innoviva (NASDAQ:INVA) stock in their portfolio include LeaderShares Activist Leaders ETF (ACTV), Invesco Pharmaceuticals ETF (PJP), ETC 6 Meridian Small Cap Equity ETF (SIXS), Pacer US Small Cap Cash Cows Growth Leaders ETF (CAFG), Conductor Global Equity Value ETF (CGV), Roundhill Acquirers Deep Value ETF (DEEP), Harbor Health Care ETF (MEDI) and SPDR S&P Pharmaceuticals ETF (XPH).
What other stocks do shareholders of Innoviva own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Innoviva investors own include Inovio Pharmaceuticals (INO), Gilead Sciences (GILD), Exelixis (EXEL), Micron Technology (MU), Advanced Micro Devices (AMD), Pfizer (PFE), Vertex Pharmaceuticals (VRTX), NVIDIA (NVDA), OPKO Health (OPK) and Sorrento Therapeutics (SRNE).
Who are Innoviva's major shareholders?: Innoviva's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Los Angeles Capital Management LLC (0.22%), Allspring Global Investments Holdings LLC (0.18%) and GAMMA Investing LLC (0.00%). Insiders that own company stock include Alexander J Denner, George Bickerstaff, Innoviva, Inc, Marianne Zhen, Pavel Raifeld and Plc Glaxosmithkline.
View institutional ownership trends.
How do I buy shares of Innoviva?: Shares of INVA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:INVA) was last updated on 4/19/2024 by MarketBeat.com Staff

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Innoviva (INVA) Stock Price, News & Analysis

Innoviva MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Company Ownership

Earnings and Valuation

About Innoviva Stock (NASDAQ:INVA)

INVA Stock Price History

INVA Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

INVA Stock Analysis - Frequently Asked Questions

Overall MarketRank^™