New insider activity at Inotiv ( (NOTV) ) has taken place on February 21, 2025.
In a notable series of transactions, President & CEO Robert Jr. Leasure sold 73,617 shares of Inotiv stock, generating proceeds of $280,480. Additionally, CFO Beth Taylor offloaded 4,370 shares, amounting to a sale worth $17,480.
Recent Updates on NOTV stock
In the last 24 hours, Inotiv, Inc. has experienced significant financial developments following its Q1 earnings call. The company reported an 11.5% decline in total revenue compared to the previous year, attributed mainly to decreased revenues in its Research Models and Services (RMS) and Discovery and Safety Assessment (DSA) segments. This downturn was compounded by a 30.3% reduction in average selling prices within the NHP segment, highlighting challenges in maintaining profitability. Despite these setbacks, Inotiv has taken steps to stabilize its financial position with a $27.5 million equity offering to enhance liquidity and efforts to expand its NHP client base and pre-sell inventory aimed at creating consistent revenue streams. Additionally, a 16% increase in discovery service awards marks potential future revenue growth, and the company is focusing on strategic initiatives to reduce revenue volatility and optimize operations. Craig-Hallum’s decision to lower Inotiv’s price target reflects the revenue and EPS shortfall, balanced by encouraging metrics such as improved book-to-bill ratios and secured NHP sales contracts, indicating a cautiously optimistic outlook.
More about Inotiv
YTD Price Performance: -6.92%
Average Trading Volume: 992,708
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $130.1M