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InnovAge (INNV) Competitors

InnovAge logo
$5.26 -0.04 (-0.75%)
(As of 11/15/2024 ET)

INNV vs. VCYT, LFST, PACS, CON, PRVA, ARDT, ADUS, NHC, WGS, and FTRE

Should you be buying InnovAge stock or one of its competitors? The main competitors of InnovAge include Veracyte (VCYT), LifeStance Health Group (LFST), PACS Group (PACS), Concentra Group Holdings Parent (CON), Privia Health Group (PRVA), Ardent Health Partners (ARDT), Addus HomeCare (ADUS), National HealthCare (NHC), GeneDx (WGS), and Fortrea (FTRE). These companies are all part of the "healthcare" industry.

InnovAge vs.

InnovAge (NASDAQ:INNV) and Veracyte (NASDAQ:VCYT) are both medical companies, but which is the superior stock? We will compare the two companies based on the strength of their media sentiment, analyst recommendations, profitability, earnings, dividends, valuation, risk, institutional ownership and community ranking.

InnovAge currently has a consensus price target of $6.50, suggesting a potential upside of 23.57%. Veracyte has a consensus price target of $41.00, suggesting a potential upside of 14.08%. Given InnovAge's higher possible upside, research analysts plainly believe InnovAge is more favorable than Veracyte.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
InnovAge
0 Sell rating(s)
3 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
2.00
Veracyte
1 Sell rating(s)
0 Hold rating(s)
8 Buy rating(s)
0 Strong Buy rating(s)
2.78

InnovAge has a beta of 0.39, meaning that its share price is 61% less volatile than the S&P 500. Comparatively, Veracyte has a beta of 1.67, meaning that its share price is 67% more volatile than the S&P 500.

In the previous week, Veracyte had 11 more articles in the media than InnovAge. MarketBeat recorded 12 mentions for Veracyte and 1 mentions for InnovAge. Veracyte's average media sentiment score of 0.75 beat InnovAge's score of 0.43 indicating that Veracyte is being referred to more favorably in the news media.

Company Overall Sentiment
InnovAge Neutral
Veracyte Positive

InnovAge has a net margin of -2.03% compared to Veracyte's net margin of -2.18%. Veracyte's return on equity of 3.02% beat InnovAge's return on equity.

Company Net Margins Return on Equity Return on Assets
InnovAge-2.03% -5.68% -2.99%
Veracyte -2.18%3.02%2.80%

12.3% of InnovAge shares are owned by institutional investors. 1.4% of InnovAge shares are owned by company insiders. Comparatively, 1.3% of Veracyte shares are owned by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock will outperform the market over the long term.

Veracyte received 441 more outperform votes than InnovAge when rated by MarketBeat users. Likewise, 73.26% of users gave Veracyte an outperform vote while only 0.00% of users gave InnovAge an outperform vote.

CompanyUnderperformOutperform
InnovAgeOutperform Votes
No Votes
Underperform Votes
4
100.00%
VeracyteOutperform Votes
441
73.26%
Underperform Votes
161
26.74%

InnovAge has higher revenue and earnings than Veracyte. Veracyte is trading at a lower price-to-earnings ratio than InnovAge, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
InnovAge$763.85M0.93-$21.34M-$0.12-43.83
Veracyte$361.05M7.71-$74.40M-$0.15-239.60

Summary

Veracyte beats InnovAge on 10 of the 18 factors compared between the two stocks.

New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding {thisCompany.Symbol} and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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INNV vs. The Competition

MetricInnovAgeHealth services IndustryMedical SectorNASDAQ Exchange
Market Cap$712.49M$649.49M$5.15B$8.74B
Dividend YieldN/A1.96%5.18%4.08%
P/E Ratio-43.8326.3866.6713.57
Price / Sales0.934.311,276.8487.67
Price / CashN/A25.4739.7035.24
Price / Book2.642.876.475.93
Net Income-$21.34M-$10.72M$119.73M$225.73M
7 Day Performance-12.33%-4.03%-5.13%-1.34%
1 Month Performance-11.89%-1.30%-2.71%1.15%
1 Year Performance-8.04%337.04%31.08%24.02%

InnovAge Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
INNV
InnovAge
1.0183 of 5 stars
$5.26
-0.8%
$6.50
+23.6%
-4.6%$712.49M$763.85M-43.832,350
VCYT
Veracyte
4.5637 of 5 stars
$35.94
-3.0%
N/A+45.4%$2.79B$361.05M-239.60790Analyst Forecast
News Coverage
High Trading Volume
LFST
LifeStance Health Group
2.033 of 5 stars
$7.14
-1.2%
N/A+16.7%$2.73B$1.21B-27.469,325
PACS
PACS Group
3.4438 of 5 stars
$17.41
-5.5%
N/AN/A$2.65B$3.11B0.0032,433News Coverage
CON
Concentra Group Holdings Parent
N/A$20.53
+0.8%
N/AN/A$2.61B$1.84B0.0011,000
PRVA
Privia Health Group
3.5231 of 5 stars
$21.20
-2.3%
N/A-7.3%$2.54B$1.72B212.021,102Positive News
ARDT
Ardent Health Partners
N/A$16.61
-6.7%
N/AN/A$2.37B$5.41B0.0024,200Analyst Forecast
Analyst Revision
News Coverage
ADUS
Addus HomeCare
4.7342 of 5 stars
$119.78
-1.9%
N/A+39.4%$2.17B$1.06B27.4134,846Analyst Forecast
Positive News
NHC
National HealthCare
N/A$125.86
-1.0%
N/AN/A$1.94B$1.23B15.7713,123Dividend Announcement
Analyst Upgrade
Positive News
WGS
GeneDx
1.4367 of 5 stars
$68.43
-7.2%
N/A+4,555.1%$1.88B$267.23M-22.001,200Positive News
FTRE
Fortrea
3.2974 of 5 stars
$19.34
-4.3%
N/A-40.4%$1.73B$3.11B-5.6518,000Earnings Report

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This page (NASDAQ:INNV) was last updated on 11/17/2024 by MarketBeat.com Staff
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