InnovAge Holding (INNV)

• Market cap: $444M
• 1 day: -0.61%
• 5 days: -5.20%
• 1 month: -2.96%
• 3 months: -28.38%
• 6 months: -45.51%
• Year to date: -16.75%
• 1 year: -29.46%
• 5 years: -86.45%
• 10 years: -86.45%
• Sector: Healthcare
• Industry: Health Services

About: InnovAge Holding Corp is a healthcare delivery platform by several participants focused on providing all-inclusive, capitated care to high-cost, dual-eligible seniors. Its patient-centered care delivery approach improves the quality of care while keeping them in their homes and reducing over-utilization of high-cost care settings such as hospitals and nursing homes. The company's segment includes PACE and others. It generates maximum revenue from the PACE segment.

Employees: 2,350

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

64% more repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 11

60% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 5

4% more funds holding

Funds holding: 47 [Q3] → 49 (+2) [Q4]

0.05% less ownership

Funds ownership: 11.82% [Q3] → 11.77% (-0.05%) [Q4]

35% less capital invested

Capital invested by funds: $96.2M [Q3] → $62.6M (-$33.6M) [Q4]

88% less call options, than puts

Call options by funds: $2K | Put options by funds: $16K

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $5 52% upside
• Avg. target: $5 52% upside
• High target: $5 52% upside

1 analyst rating

• positive: 0 0%
• neutral: 0 0%
• negative: 1 100%

JP Morgan Lisa Gill 64% 1-year accuracy 14 / 22 met price target

52% upside $5

Underweight Downgraded

17 Dec 2024