Innovage Holding Corp. (INNV)
NASDAQ:INNV
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INNV Stock Chart & Stats
$5.55
$0.02(0.54%)
At close: 4:00 PM EST
$5.55
$0.02(0.54%)
Day’s Range― - ―
52-Week Range$3.13 - $10.69
Previous CloseN/A
Volume15.03K
Average Volume (3M)344.04K
Market Cap
$1.22B
Enterprise Value$1.24B
Total Cash (Recent Filing)$138.60M
Total Debt (Recent Filing)$93.85M
Price to Earnings (P/E)―
Beta0.75
Next Earnings
Sep 15, 2026EPS Estimate
0.07Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.30
Shares Outstanding135,736,390
10 Day Avg. Volume438,138
30 Day Avg. Volume344,039
Financial Highlights & Ratios
PEG Ratio-0.44
Price to Book (P/B)2.13
Price to Sales (P/S)0.59
P/FCF Ratio18.78
Enterprise Value/Market Cap1.02
Enterprise Value/Revenue1.31
Enterprise Value/Gross Profit6.32
Enterprise Value/Ebitda284.80
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)0.21
Revenue Forecast (FY)$960.37M
Bulls Say, Bears Say
Bulls Say
Strengthening Cash GenerationInnovAge's shift from negative to positive operating and free cash flow is a durable improvement that supports reinvestment in clinics, de novo openings, and technology pilots without immediate dilutive financing. Consistent cash generation also provides flexibility to absorb timing variability in working capital and pay down modest debt over time.
Material Margin And Adjusted EBITDA ImprovementSignificant expansion in adjusted EBITDA and center-level contribution margins reflects durable operational improvements: better cost control, in‑house pharmacy savings, and lower nursing facility use. Higher recurring margins under a capitated model enhance free cash flow potential and resilience to utilization swings over several quarters.
Experienced Operational Leadership AddedHiring a seasoned operator with multi-state value-based care experience strengthens execution and scaling capability. Improved leadership improves regulatory/compliance navigation and standardizes operations across centers, which supports consistent delivery, margin discipline and program expansion over the medium term.
Bears Say
Widening GAAP Net Loss Driven By Litigation G&ASubstantial litigation-related G&A inflation materially widens GAAP losses and can persist unpredictably, reducing reported profitability and return on equity. Elevated corporate overhead tied to legal exposure undermines the company's ability to convert operating gains into sustainable net profits and may constrain reinvestment capacity.
Government Rate Risk: Medicaid Pressure And Modest Medicare GrowthBecause InnovAge depends on capitated Medicare/Medicaid payments, sustained Medicaid rate constraints or only modest Medicare increases directly compress revenue growth potential. Structural payor-rate headwinds limit long-term top-line expansion and put pressure on margins unless offset by efficiency or supplemental revenue sources.
Ongoing De Novo/start-up LossesContinued investment losses from opening new centers are structural to growth strategy and will persist while scaling. These start‑up deficits depress consolidated margins and cash conversion in the medium term and require careful ramp discipline to ensure long-run profitability from each new center.
InnovAge Holding News
INNV FAQ
What was Innovage Holding Corp.’s price range in the past 12 months?
Innovage Holding Corp. lowest stock price was $3.13 and its highest was $10.69 in the past 12 months.
What is Innovage Holding Corp.’s market cap?
Innovage Holding Corp.’s market cap is $1.22B.
When is Innovage Holding Corp.’s upcoming earnings report date?
Innovage Holding Corp.’s upcoming earnings report date is Sep 15, 2026 which is in 86 days.
How were Innovage Holding Corp.’s earnings last quarter?
Innovage Holding Corp. released its earnings results on May 05, 2026. The company reported -$0.22 earnings per share for the quarter, missing the consensus estimate of $0.055 by -$0.275.
Is Innovage Holding Corp. overvalued?
According to Wall Street analysts Innovage Holding Corp.’s price is currently Overvalued.
Does Innovage Holding Corp. pay dividends?
Innovage Holding Corp. does not currently pay dividends.
What is Innovage Holding Corp.’s EPS estimate?
Innovage Holding Corp.’s EPS estimate is 0.07.
How many shares outstanding does Innovage Holding Corp. have?
Innovage Holding Corp. has 135,736,390 shares outstanding.
What happened to Innovage Holding Corp.’s price movement after its last earnings report?
Innovage Holding Corp. reported an EPS of -$0.22 in its last earnings report, missing expectations of $0.055. Following the earnings report the stock price went up 2.01%.
Which hedge fund is a major shareholder of Innovage Holding Corp.?
Currently, no hedge funds are holding shares in INNV
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
InnovAge Holding Stock Smart Score
Neutral
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Analyst Consensus
Hold
Average Price Target:
― (―)
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Blogger Sentiment
Bullish
INNV Sentiment 70%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Decreased
By 203.6K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.1%
Last 30 Days ▼ 4.2%
Last 30 Days ▼ 4.2%
Technicals
SMA
Positive
20 days / 200 days
Momentum
136.67%
12-Months-Change
Fundamentals
Return on Equity
-9.20%
Trailing 12-Months
Asset Growth
2.00%
Trailing 12-Months
Company Description
Innovage Holding Corp.
InnovAge Holding Corp. specializes in providing a comprehensive suite of medical and supportive services designed to empower older adults to maintain independence within their homes and communities. Its operational framework is based on the Program of All-Inclusive Care for the Elderly (PACE) model. The company's diverse service offerings encompass both in-home assistance (including skilled, unskilled, and personal care) and on-site center-based provisions. These center services span primary medical care, various therapies (physical, occupational, speech), dental services, mental health support, nutritious meals, and engaging activities. Additionally, InnovAge facilitates transportation to PACE centers and external medical appointments, alongside comprehensive care management. The company currently supports approximately 6,850 PACE participants across the United States, operating 18 dedicated PACE centers in key states including Colorado, California, New Mexico, Pennsylvania, and Virginia. Established in 2007, the company was formerly known as TCO Group Holdings, Inc. before rebranding as InnovAge Holding Corp. in January 2021. InnovAge maintains its corporate headquarters in Denver, Colorado.
INNV Earnings Call
Q3 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call conveyed meaningful operational and financial momentum: strong revenue growth, material margin expansion, improved adjusted EBITDA, positive operating cash flow, raised FY2026 guidance and active reinvestment in clinical/technology capabilities. Key risks include a wider GAAP net loss driven by litigation-related corporate G&A increases, wage and care cost inflation, ongoing de novo costs, and early signs of Medicaid rate pressure for FY2027 (with modest Medicare rate growth). On balance, the company emphasized durable improvements, disciplined execution and readiness to manage near-term rate headwinds.View all INNV earnings summariesINNV Stock 12 Month Forecast
Average Price Target
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Ownership Overview
1.06% Insiders
3.99% Mutual Funds
6.57% Other Institutional Investors
86.52% Public Companies and
Individual Investors
Options Prices
Currently, No data available
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