Innventure, Inc. (NASDAQ:INV) Receives $14.00 Average Target Price from Brokerages

Innventure, Inc. (NASDAQ:INV) has received an average rating of “Buy” from the five ratings firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have issued a buy rating and two have issued a strong buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $14.00.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Innventure in a research report on Monday, December 29th.

Innventure Price Performance

NASDAQ INV opened at $3.97 on Friday. Innventure has a 1 year low of $2.36 and a 1 year high of $13.05. The company has a fifty day simple moving average of $4.50 and a 200 day simple moving average of $4.64. The company has a current ratio of 0.39, a quick ratio of 0.31 and a debt-to-equity ratio of 0.07. The company has a market cap of $268.93 million, a P/E ratio of -2.63 and a beta of 0.10.

Innventure (NASDAQ:INV) last announced its earnings results on Thursday, November 13th. The company reported ($0.51) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.27). Innventure had a negative return on equity of 29.39% and a negative net margin of 18,877.40%.The firm had revenue of ($5.00) million during the quarter, compared to the consensus estimate of $1.98 million.

Insider Transactions at Innventure

In other news, insider John Stewart Scott sold 452,668 shares of the stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $5.13, for a total value of $2,322,186.84. Following the completion of the sale, the insider directly owned 1,965,051 shares of the company’s stock, valued at approximately $10,080,711.63. This represents a 18.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Daniel J. Hennessy sold 266,367 shares of the firm’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $5.31, for a total transaction of $1,414,408.77. Following the completion of the sale, the director owned 907,378 shares in the company, valued at approximately $4,818,177.18. The trade was a 22.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders acquired 58,786 shares of company stock worth $244,245 and sold 3,873,088 shares worth $15,941,913. Corporate insiders own 23.64% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Yorkville Advisors Global LP bought a new stake in shares of Innventure in the third quarter valued at about $43,000. Mariner LLC acquired a new position in Innventure in the 3rd quarter valued at approximately $963,000. Bridgeway Capital Management LLC bought a new stake in shares of Innventure in the 3rd quarter worth approximately $347,000. Vanguard Group Inc. grew its holdings in shares of Innventure by 3.9% during the 3rd quarter. Vanguard Group Inc. now owns 1,528,649 shares of the company’s stock worth $8,851,000 after purchasing an additional 56,764 shares in the last quarter. Finally, Belpointe Asset Management LLC increased its position in shares of Innventure by 276.1% during the third quarter. Belpointe Asset Management LLC now owns 380,918 shares of the company’s stock valued at $2,206,000 after purchasing an additional 279,648 shares during the period. Institutional investors own 55.98% of the company’s stock.

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.