Innventure (NASDAQ:INV) CEO Gregory Haskell Acquires 50,000 Shares of Stock

Innventure, Inc. (NASDAQ:INV) CEO Gregory Haskell purchased 50,000 shares of the firm’s stock in a transaction on Thursday, August 20th. The stock was bought at an average cost of $1.51 per share, for a total transaction of $75,500.00. Following the completion of the purchase, the chief executive officer directly owned 979,803 shares in the company, valued at approximately $1,479,502.53. This trade represents a 5.38% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.

Innventure Trading Up 4.3%

Shares of NASDAQ:INV traded up $0.07 during trading on Friday, reaching $1.56. 1,950,549 shares of the company traded hands, compared to its average volume of 2,372,151. The firm has a market capitalization of $131.53 million, a price-to-earnings ratio of -1.02 and a beta of 0.43. Innventure, Inc. has a 52-week low of $1.26 and a 52-week high of $7.86. The company has a current ratio of 1.20, a quick ratio of 1.15 and a debt-to-equity ratio of 0.01. The business’s fifty day moving average is $4.07 and its 200-day moving average is $4.51.

Innventure (NASDAQ:INV) last issued its earnings results on Thursday, August 13th. The company reported ($0.32) EPS for the quarter, missing the consensus estimate of ($0.23) by ($0.09). Innventure had a negative return on equity of 21.34% and a negative net margin of 3,022.42%.The firm had revenue of $0.95 million during the quarter, compared to analysts’ expectations of $1.97 million. As a group, analysts forecast that Innventure, Inc. will post -1.17 EPS for the current year.

Analysts Set New Price Targets

INV has been the subject of several recent analyst reports. Northland Securities set a $5.00 price objective on shares of Innventure in a research note on Friday, August 14th. Wall Street Zen downgraded Innventure from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Innventure in a report on Tuesday, August 4th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell” and an average price target of $5.00.

Institutional Trading of Innventure

Institutional investors and hedge funds have recently bought and sold shares of the stock. Yorkville Advisors Global LP boosted its position in shares of Innventure by 17,166.7% during the fourth quarter. Yorkville Advisors Global LP now owns 1,295,000 shares of the company’s stock valued at $5,413,000 after purchasing an additional 1,287,500 shares in the last quarter. NewEdge Advisors LLC lifted its position in Innventure by 264.2% during the first quarter. NewEdge Advisors LLC now owns 549,901 shares of the company’s stock valued at $2,150,000 after buying an additional 398,911 shares during the period. Robertson Stephens Wealth Management LLC purchased a new position in Innventure during the fourth quarter valued at $90,000. Evergreen Capital Management LLC bought a new stake in shares of Innventure during the 4th quarter valued at $148,000. Finally, Carmel Capital Partners LLC purchased a new stake in shares of Innventure in the 4th quarter worth about $63,000. 55.98% of the stock is currently 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.