Innventure, Inc. (NASDAQ:INV) Receives Average Rating of “Buy” from Analysts

Shares of Innventure, Inc. (NASDAQ:INV) have received an average rating of “Buy” from the five research firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have issued a buy rating and two have assigned a strong buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $14.00.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Innventure in a research note on Monday.

Insider Buying and Selling

In other Innventure news, major shareholder We-Inn Llc sold 302,211 shares of the company’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $3.51, for a total value of $1,060,760.61. Following the completion of the sale, the insider directly owned 7,290,352 shares in the company, valued at $25,589,135.52. This represents a 3.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Daniel J. Hennessy sold 10,828 shares of the firm’s stock in a transaction on Thursday, October 9th. The stock was sold at an average price of $5.21, for a total value of $56,413.88. Following the completion of the sale, the director directly owned 1,173,745 shares of the company’s stock, valued at $6,115,211.45. This trade represents a 0.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,971,642 shares of company stock valued at $6,390,549 over the last 90 days. Company insiders own 23.64% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Yorkville Advisors Global LP acquired a new stake in Innventure during the third quarter worth about $43,000. Fortis Capital Advisors LLC purchased a new stake in shares of Innventure in the 2nd quarter valued at approximately $52,000. OMERS ADMINISTRATION Corp acquired a new stake in shares of Innventure during the 1st quarter worth approximately $116,000. Naviter Wealth LLC purchased a new stake in shares of Innventure during the 2nd quarter valued at approximately $141,000. Finally, Diametric Capital LP raised its position in shares of Innventure by 144.3% during the 2nd quarter. Diametric Capital LP now owns 32,573 shares of the company’s stock valued at $156,000 after buying an additional 19,242 shares during the period. Institutional investors and hedge funds own 55.98% of the company’s stock.

Innventure Trading Up 21.2%

Shares of INV stock opened at $4.23 on Friday. Innventure has a fifty-two week low of $2.36 and a fifty-two week high of $14.95. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.31 and a current ratio of 0.39. The stock’s fifty day moving average is $4.24 and its two-hundred day moving average is $4.75. The firm has a market capitalization of $264.25 million, a P/E ratio of -2.80 and a beta of 0.15.

Innventure (NASDAQ:INV) last released its earnings results on Thursday, November 13th. The company reported ($0.51) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.27). The business had revenue of $0.53 million for the quarter, compared to analysts’ expectations of $1.98 million. Innventure had a negative return on equity of 29.39% and a negative net margin of 18,877.40%.

Innventure Company Profile

Innventure Inc founds, funds and operates companies with a focus on transformative, sustainable technology solutions acquired or licensed from multinational corporations. Innventure Inc, formerly known as Learn CW Investment Corporation, is based in ORLANDO, Fla.