Insider Buying: Innventure (NASDAQ:INV) Director Buys $93,975.82 in Stock

Innventure, Inc. (NASDAQ:INV) Director James Donnally purchased 27,886 shares of Innventure stock in a transaction on Friday, November 21st. The shares were acquired at an average cost of $3.37 per share, for a total transaction of $93,975.82. Following the completion of the transaction, the director owned 27,886 shares of the company’s stock, valued at $93,975.82. This represents a ? increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Innventure Price Performance

Innventure stock opened at $5.20 on Friday. The firm has a fifty day moving average of $4.15 and a 200-day moving average of $4.78. Innventure, Inc. has a 52-week low of $2.36 and a 52-week high of $14.95. The company has a quick ratio of 0.31, a current ratio of 0.39 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $324.84 million, a P/E ratio of -3.44 and a beta of 0.15.

Innventure (NASDAQ:INV) last announced its quarterly earnings results on Thursday, November 13th. The company reported ($0.51) earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of ($5.00) million for the quarter, compared to analysts’ expectations of $1.98 million.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Innventure in a report on Monday, November 17th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $14.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Yorkville Advisors Global LP bought a new stake in shares of Innventure during the 3rd quarter valued at about $43,000. Fortis Capital Advisors LLC bought a new position in shares of Innventure during the second quarter valued at approximately $52,000. OMERS ADMINISTRATION Corp bought a new position in shares of Innventure during the first quarter valued at approximately $116,000. 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 worth $156,000 after purchasing an additional 19,242 shares during the period. Finally, Jane Street Group LLC acquired a new stake in shares of Innventure during the 1st quarter worth approximately $172,000. 55.98% of the stock is owned by institutional investors and hedge funds.

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.