Innventure (NASDAQ:INV) Chairman Michael Otworth Acquires 231,000 Shares of Stock

Innventure, Inc. (NASDAQ:INV) Chairman Michael Otworth acquired 231,000 shares of the business’s stock in a transaction dated Thursday, August 20th. The shares were bought at an average price of $1.51 per share, for a total transaction of $348,810.00. Following the acquisition, the chairman owned 3,781,087 shares of the company’s stock, valued at approximately $5,709,441.37. This represents a 6.51% increase 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.

Innventure Stock Performance

NASDAQ:INV traded up $0.07 during trading hours on Friday, hitting $1.56. 1,950,549 shares of the company were exchanged, compared to its average volume of 2,372,151. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.20 and a quick ratio of 1.15. Innventure, Inc. has a 52-week low of $1.26 and a 52-week high of $7.86. The stock has a market capitalization of $131.53 million, a price-to-earnings ratio of -1.02 and a beta of 0.43. The company’s 50 day moving average price is $4.07 and its 200-day moving average price is $4.51.

Innventure (NASDAQ:INV) last posted its quarterly earnings results on Thursday, August 13th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $0.95 million during the quarter, compared to analysts’ expectations of $1.97 million. As a group, research analysts forecast that Innventure, Inc. will post -1.17 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Wall Street Zen cut Innventure from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Northland Securities set a $5.00 price target on shares of Innventure in a report on Friday, August 14th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Innventure in a research report on Tuesday, August 4th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Innventure currently has a consensus rating of “Sell” and an average price target of $5.00.

Institutional Trading of Innventure

A number of hedge funds have recently modified their holdings of the stock. Equitable Holdings Inc. purchased a new position in Innventure during the second quarter valued at approximately $76,000. Bank of America Corp DE purchased a new position in shares of Innventure during the 2nd quarter valued at approximately $447,000. The Manufacturers Life Insurance Company acquired a new position in shares of Innventure in the 2nd quarter valued at $77,000. Quantbot Technologies LP purchased a new stake in Innventure during the second quarter worth $312,000. Finally, Ieq Capital LLC purchased a new stake in Innventure during the second quarter worth $380,000. Hedge funds and other 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.