InnovAge Holding (INNV)

• Market cap: $484M
• 1 day: -2.46%
• 5 days: -1.38%
• 1 month: -12.50%
• 3 months: -40.20%
• 6 months: -40.30%
• Year to date: -9.39%
• 1 year: -37.70%
• 5 years: -85.25%
• 10 years: -85.25%
• 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 Q3 regulatory filings by fund managers ($100M+ AUM)

163% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 8

133% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 3

15% more capital invested

Capital invested by funds: $83.4M [Q2] → $96.2M (+$12.8M) [Q3]

4% more funds holding

Funds holding: 45 [Q2] → 47 (+2) [Q3]

0.55% less ownership

Funds ownership: 12.37% [Q2] → 11.82% (-0.55%) [Q3]

100% less funds holding in top 10

Funds holding in top 10: 2 [Q2] → 0 (-2) [Q3]

Research analyst outlook

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

• Low target: $5 40% upside
• Avg. target: $5 40% upside
• High target: $5 40% upside

1 analyst rating

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

JP Morgan Lisa Gill 50% 1-year accuracy 10 / 20 met price target

40% upside $5

Underweight Downgraded

17 Dec 2024