Versor Investments LP Purchases New Shares in Innovex International, Inc. $INVX

Versor Investments LP purchased a new stake in shares of Innovex International, Inc. (NYSE:INVX) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 13,400 shares of the company’s stock, valued at approximately $241,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. US Bancorp DE grew its position in Innovex International by 234.0% during the first quarter. US Bancorp DE now owns 1,533 shares of the company’s stock valued at $28,000 after buying an additional 1,074 shares during the period. GAMMA Investing LLC grew its position in Innovex International by 169.7% during the first quarter. GAMMA Investing LLC now owns 2,101 shares of the company’s stock valued at $38,000 after buying an additional 1,322 shares during the period. PNC Financial Services Group Inc. lifted its holdings in Innovex International by 15.6% during the first quarter. PNC Financial Services Group Inc. now owns 5,880 shares of the company’s stock valued at $106,000 after purchasing an additional 794 shares in the last quarter. ProShare Advisors LLC purchased a new position in Innovex International during the fourth quarter valued at $145,000. Finally, Cetera Investment Advisers purchased a new position in Innovex International during the fourth quarter valued at $152,000.

Innovex International Stock Performance

NYSE:INVX opened at $17.40 on Friday. The company’s 50-day moving average price is $16.15 and its 200-day moving average price is $16.16. The company has a current ratio of 4.60, a quick ratio of 2.69 and a debt-to-equity ratio of 0.03. The company has a market cap of $1.20 billion, a P/E ratio of 6.02 and a beta of 0.79. Innovex International, Inc. has a twelve month low of $11.93 and a twelve month high of $19.42.

Innovex International (NYSE:INVX) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.01. The firm had revenue of $224.23 million for the quarter, compared to the consensus estimate of $230.00 million. Innovex International had a net margin of 16.66% and a return on equity of 8.58%. Innovex International has set its Q3 2025 guidance at EPS.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on INVX shares. Piper Sandler started coverage on shares of Innovex International in a report on Tuesday, July 15th. They set an “overweight” rating and a $20.00 price objective on the stock. Johnson Rice raised shares of Innovex International to a “strong-buy” rating in a report on Friday, May 30th. Barclays decreased their price objective on shares of Innovex International from $16.00 to $13.00 and set an “underweight” rating on the stock in a report on Friday, May 9th. Finally, Wall Street Zen downgraded shares of Innovex International from a “buy” rating to a “hold” rating in a report on Saturday, July 5th. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, Innovex International has a consensus rating of “Buy” and an average price target of $16.50.

About Innovex International

Innovex International, Inc engages in the provision of solutions for both onshore and offshore applications within the oil and gas industry. The company was founded on September 15, 2016 and is headquartered in Humble, TX.