Inventiva (IVA) to Release Earnings on Thursday

Inventiva (NASDAQ:IVAGet Free Report) will be issuing its 06/30/2023 quarterly earnings data after the market closes on Thursday, September 28th. Analysts expect the company to announce earnings of ($0.88) per share for the quarter.

Inventiva Price Performance

Shares of IVA opened at $4.31 on Tuesday. The firm’s 50 day simple moving average is $3.81 and its 200 day simple moving average is $3.64. The company has a quick ratio of 3.45, a current ratio of 3.47 and a debt-to-equity ratio of 0.63. Inventiva has a 1-year low of $2.22 and a 1-year high of $11.75.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Citigroup Inc. grew its holdings in shares of Inventiva by 91.7% in the first quarter. Citigroup Inc. now owns 23,000 shares of the company’s stock worth $84,000 after purchasing an additional 11,000 shares during the last quarter. Commonwealth Equity Services LLC bought a new position in shares of Inventiva in the first quarter worth approximately $51,000. Finally, Morgan Stanley grew its holdings in shares of Inventiva by 300.0% in the fourth quarter. Morgan Stanley now owns 6,000 shares of the company’s stock worth $27,000 after purchasing an additional 4,500 shares during the last quarter. 11.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Guggenheim reiterated a “buy” rating and set a $12.00 price target on shares of Inventiva in a research report on Friday, September 1st. HC Wainwright reiterated a “buy” rating and set a $35.00 price target on shares of Inventiva in a research report on Friday, July 28th. Finally, Roth Mkm reiterated a “buy” rating and set a $11.00 price target on shares of Inventiva in a research report on Thursday, September 21st. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $19.33.

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Inventiva Company Profile

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Inventiva SA, a clinical-stage biopharmaceutical company, focuses on the development of oral small molecule therapies for the treatment of non-alcoholic steatohepatitis (NASH) and other diseases. Its lead product candidate is Lanifibranor, which is in Phase III clinical trial to treat NASH. The company also develops Odiparcil, which has completed Phase IIa clinical trial for the treatment of mucopolysaccharidoses type VI disease.

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