Lake Street Initiates Coverage on INVUITY INC COM USD0.001 to Buy

Lake Street Initiates Coverage on INVUITY INC COM USD0.001(NASDAQ:IVTY). The shares have been rated Buy. The rating by Lake Street was issued on Sep 19, 2016.

In a different note, Craig-Hallum said it Initiates Coverage on INVUITY INC COM USD0.001, according to a research note issued on Aug 29, 2016. The shares have been rated ‘Buy’ by the firm.

INVUITY INC COM USD0.001 (IVTY) shares turned negative on Thursdays trading session with the shares closing down -0.11 points or -0.79% at a volume of 1,77,039. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $14. The peak price level was also seen at $14 while the days lowest was $13.7. Finally the shares closed at $13.77. The 52-week high of the shares is $15.46 while the 52-week low is $4.8. According to the latest information available, the market cap of the company is $224 M.

INVUITY INC COM USD0.001(IVTY) last announced its earnings results on Jul 19, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $8.22M. Analysts had an estimated revenue of $8.05M. Earnings per share were $-0.76. Analysts had estimated an EPS of $-0.81.

Several Insider Transactions has been reported to the SEC. On Sep 8, 2016, Robert Gerberich (VP of Sales) sold 1,500 shares at $13.64 per share price.Also, On Sep 8, 2016, Alex Vayser (Chief Technology Officer) sold 3,295 shares at $13.72 per share price.On Sep 8, 2016, Eric W Roberts (director) sold 1,414 shares at $14.00 per share price, according to the Form-4 filing with the securities and exchange commission.

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