InnovAge Holding Corp.

NasdaqGS:INNV Stock Report

Market Cap: US$478.2m

InnovAge Holding Management

Management criteria checks 1/4

InnovAge Holding's CEO is Patrick Blair, appointed in Jan 2022, has a tenure of 2.92 years. total yearly compensation is $4.94M, comprised of 16.7% salary and 83.3% bonuses, including company stock and options. directly owns 0.45% of the company’s shares, worth $2.16M. The average tenure of the management team and the board of directors is 1.6 years and 3.8 years respectively.

Key information

Patrick Blair

Chief executive officer

US$4.9m

Total compensation

CEO salary percentage16.7%
CEO tenure2.9yrs
CEO ownership0.5%
Management average tenure1.6yrs
Board average tenure3.8yrs

Recent management updates

Recent updates

Investors Aren't Entirely Convinced By InnovAge Holding Corp.'s (NASDAQ:INNV) Revenues

Nov 07
Investors Aren't Entirely Convinced By InnovAge Holding Corp.'s (NASDAQ:INNV) Revenues

Is InnovAge Holding (NASDAQ:INNV) A Risky Investment?

Aug 20
Is InnovAge Holding (NASDAQ:INNV) A Risky Investment?

InnovAge Holding Corp.'s (NASDAQ:INNV) Shares Leap 30% Yet They're Still Not Telling The Full Story

Jun 28
InnovAge Holding Corp.'s (NASDAQ:INNV) Shares Leap 30% Yet They're Still Not Telling The Full Story

Sentiment Still Eluding InnovAge Holding Corp. (NASDAQ:INNV)

May 07
Sentiment Still Eluding InnovAge Holding Corp. (NASDAQ:INNV)

InnovAge Holding (NASDAQ:INNV) Has Debt But No Earnings; Should You Worry?

Mar 15
InnovAge Holding (NASDAQ:INNV) Has Debt But No Earnings; Should You Worry?

Market Still Lacking Some Conviction On InnovAge Holding Corp. (NASDAQ:INNV)

Jan 06
Market Still Lacking Some Conviction On InnovAge Holding Corp. (NASDAQ:INNV)

InnovAge Holding Corp.'s (NASDAQ:INNV) Intrinsic Value Is Potentially 73% Above Its Share Price

Aug 10
InnovAge Holding Corp.'s (NASDAQ:INNV) Intrinsic Value Is Potentially 73% Above Its Share Price

Cautious Investors Not Rewarding InnovAge Holding Corp.'s (NASDAQ:INNV) Performance Completely

Jun 08
Cautious Investors Not Rewarding InnovAge Holding Corp.'s (NASDAQ:INNV) Performance Completely

InnovAge GAAP EPS of -$0.09 misses by $0.06, revenue of $172.86M misses by $1.11M

Sep 13

InnovAge names Richard Feifer as chief medical officer

Aug 17

InnovAge Holding (NASDAQ:INNV) Could Be Struggling To Allocate Capital

Jul 27
InnovAge Holding (NASDAQ:INNV) Could Be Struggling To Allocate Capital

Earnings Miss: InnovAge Holding Corp. Missed EPS And Analysts Are Revising Their Forecasts

May 12
Earnings Miss: InnovAge Holding Corp. Missed EPS And Analysts Are Revising Their Forecasts

Here's What's Concerning About InnovAge Holding's (NASDAQ:INNV) Returns On Capital

Apr 14
Here's What's Concerning About InnovAge Holding's (NASDAQ:INNV) Returns On Capital

Is There An Opportunity With InnovAge Holding Corp.'s (NASDAQ:INNV) 30% Undervaluation?

Mar 24
Is There An Opportunity With InnovAge Holding Corp.'s (NASDAQ:INNV) 30% Undervaluation?

InnovAge Pursues Compliance As Precursor To Post-Pandemic Growth

Mar 19

InnovAge Holding's (NASDAQ:INNV) Robust Earnings Are Supported By Other Strong Factors

Nov 16
InnovAge Holding's (NASDAQ:INNV) Robust Earnings Are Supported By Other Strong Factors

Are Investors Undervaluing InnovAge Holding Corp. (NASDAQ:INNV) By 48%?

Jul 28
Are Investors Undervaluing InnovAge Holding Corp. (NASDAQ:INNV) By 48%?

CEO Compensation Analysis

How has Patrick Blair's remuneration changed compared to InnovAge Holding's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

-US$16m

Jun 30 2024US$5mUS$826k

-US$21m

Mar 31 2024n/an/a

-US$31m

Dec 31 2023n/an/a

-US$32m

Sep 30 2023n/an/a

-US$38m

Jun 30 2023US$2mUS$750k

-US$41m

Mar 31 2023n/an/a

-US$42m

Dec 31 2022n/an/a

-US$38m

Sep 30 2022n/an/a

-US$27m

Jun 30 2022US$8mUS$438k

-US$7m

Compensation vs Market: Patrick's total compensation ($USD4.94M) is above average for companies of similar size in the US market ($USD2.25M).

Compensation vs Earnings: Patrick's compensation has increased whilst the company is unprofitable.

CEO

Patrick Blair (53 yo)

2.9yrs

Tenure

US$4,940,894

Compensation

Mr. Patrick Blair servesd as President of InnovAge Holding Corp. since December 1, 2021 and serves as CEO since January 01, 2022. He had been the Chief Marketing Officer and Senior Vice President of Commer...

Leadership Team

NamePositionTenureCompensationOwnership
Patrick Blair
Chief Executive Officer2.9yrsUS$4.94m0.45%
$ 2.2m
Benjamin Adams
Chief Financial Officer1.4yrsUS$2.51mno data
Nicole D'Amato
Chief Legal Officer & Corporate Secretary3.4yrsUS$1.61m0.051%
$ 242.1k
Edward Kennedy
Independent Directorno dataUS$100.00k0.017%
$ 81.2k
Marilyn Tavenner
Independent Directorno dataUS$120.00kno data
Michael Scarbrough
President & COOless than a yearno datano data
Cara Babachicos
Chief Information Officer1.8yrsno datano data
Ryan Kubota
Director of Investor Relationsno datano datano data
Olivia Patton
Chief Compliance Officerno datano datano data
Matt Huray
Chief Strategy & Corporate Development Officer1.3yrsno datano data
Rob Borella
Chief Sales & Marketing Officer2.3yrsno datano data
Dustin Lee
Chief People Officerless than a yearno datano data

1.6yrs

Average Tenure

60yo

Average Age

Experienced Management: INNV's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.

Board Members

NamePositionTenureCompensationOwnership
Edward Kennedy
Independent Director3.8yrsUS$100.00k0.017%
$ 81.2k
Marilyn Tavenner
Independent Director3.8yrsUS$120.00kno data
Andrew Cavanna
Director3.8yrsno datano data
James Carlson
Independent Non-Executive Chairman2.5yrsUS$200.00k0.031%
$ 147.8k
Thomas Scully
Director3.8yrsno data0.074%
$ 353.0k
Richard Zoretic
Independent Director3.8yrsUS$100.00kno data
John Bush
Independent Director3.8yrsUS$100.00kno data
Teresa Sparks
Independent Director1.3yrsUS$220.00k0.013%
$ 61.3k
Patricia Fontneau
Independent Director1.8yrsUS$100.00k0.011%
$ 50.4k

3.8yrs

Average Tenure

65yo

Average Age

Experienced Board: INNV's board of directors are considered experienced (3.8 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/20 22:56
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2024/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

InnovAge Holding Corp. is covered by 15 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Vikram KesavabhotlaBaird
Steven ValiquetteBarclays
Sarah JamesBarclays