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

Innventure, Inc. (NASDAQ:INV) has been given an average recommendation of “Buy” by the five analysts that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $14.00.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Innventure in a research report on Monday, December 8th.

Innventure Stock Down 4.5%

Shares of Innventure stock opened at $4.89 on Wednesday. Innventure has a 1 year low of $2.36 and a 1 year high of $14.95. The company has a market cap of $305.48 million, a P/E ratio of -3.24 and a beta of 0.07. 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 stock has a 50-day moving average price of $4.08 and a 200 day moving average price of $4.80.

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

Insider Activity

In related news, major shareholder We-Inn Llc sold 436,296 shares of Innventure stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $3.01, for a total transaction of $1,313,250.96. Following the completion of the sale, the insider owned 8,797,199 shares of the company’s stock, valued at approximately $26,479,568.99. This trade represents a 4.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daniel J. Hennessy sold 266,367 shares of the business’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $5.31, for a total value of $1,414,408.77. Following the completion of the transaction, the director owned 907,378 shares in the company, valued at $4,818,177.18. This trade represents a 22.69% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have purchased 58,786 shares of company stock worth $244,245 and have sold 3,464,308 shares worth $14,005,596. 23.64% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Innventure

A number of hedge funds and other institutional investors have recently made changes to their positions in INV. Yorkville Advisors Global LP acquired 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 Innventure during the second quarter valued at approximately $52,000. OMERS ADMINISTRATION Corp bought a new position in Innventure during the first quarter valued at approximately $116,000. Jane Street Group LLC acquired a new stake in Innventure in the first quarter valued at approximately $172,000. Finally, Naviter Wealth LLC bought a new stake in Innventure in the second quarter worth approximately $141,000. 55.98% of the stock is owned by hedge funds and other institutional investors.

About Innventure

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.