William Blair Has Negative Forecast for InnovAge Q2 Earnings

InnovAge Holding Corp. (NASDAQ:INNV) – Equities research analysts at William Blair reduced their Q2 2026 EPS estimates for shares of InnovAge in a research note issued to investors on Tuesday, November 4th. William Blair analyst J. Haase now expects that the company will post earnings of $0.02 per share for the quarter, down from their previous estimate of $0.04. The consensus estimate for InnovAge’s current full-year earnings is ($0.12) per share. William Blair also issued estimates for InnovAge’s Q3 2026 earnings at $0.03 EPS, Q4 2026 earnings at $0.05 EPS, FY2026 earnings at $0.16 EPS and FY2027 earnings at $0.22 EPS.

InnovAge (NASDAQ:INNV) last issued its earnings results on Tuesday, November 4th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.05. InnovAge had a negative net margin of 1.96% and a negative return on equity of 7.02%. The business had revenue of $236.11 million for the quarter, compared to analyst estimates of $226.64 million. InnovAge has set its FY 2026 guidance at EPS.

INNV has been the topic of several other research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of InnovAge in a research note on Wednesday, October 8th. JPMorgan Chase & Co. assumed coverage on shares of InnovAge in a report on Thursday, September 18th. They set an “underweight” rating and a $5.00 target price for the company. Two analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell” and an average price target of $5.00.

InnovAge Trading Up 22.3%

INNV opened at $4.88 on Thursday. The firm has a 50-day moving average price of $4.85 and a two-hundred day moving average price of $4.12. InnovAge has a 1-year low of $2.60 and a 1-year high of $6.49. The company has a current ratio of 1.17, a quick ratio of 1.07 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $662.12 million, a PE ratio of -37.54 and a beta of 0.59.

Institutional Investors Weigh In On InnovAge

Large investors have recently modified their holdings of the business. Police & Firemen s Retirement System of New Jersey bought a new position in InnovAge in the second quarter valued at about $32,000. State of Alaska Department of Revenue acquired a new stake in InnovAge during the 3rd quarter valued at approximately $33,000. Bank of America Corp DE lifted its holdings in InnovAge by 42.4% in the fourth quarter. Bank of America Corp DE now owns 19,945 shares of the company’s stock valued at $78,000 after buying an additional 5,936 shares during the period. Los Angeles Capital Management LLC acquired a new stake in InnovAge during the second quarter worth approximately $110,000. Finally, Jane Street Group LLC increased its stake in InnovAge by 18.9% in the first quarter. Jane Street Group LLC now owns 46,827 shares of the company’s stock valued at $140,000 after purchasing an additional 7,429 shares in the last quarter. Institutional investors and hedge funds own 12.26% of the company’s stock.

InnovAge Company Profile

InnovAge Holding Corp. manages and provides a range of medical and ancillary services for seniors in need of care and support to live independently in its homes and communities. The company manages its business through Program of All-Inclusive Care for the Elderly (PACE) approach. It also offers in-home care services consisting of skilled, unskilled, and personal care; in-center services, such as primary care, physical therapy, occupational therapy, speech therapy, dental services, mental health and psychiatric services, meals, and activities; transportation to the PACE center and third-party medical appointments; and care management.