Innventure (NASDAQ:INV) Stock Price Up 13.6% – Still a Buy?

Innventure, Inc. (NASDAQ:INV) shot up 13.6% during mid-day trading on Monday . The stock traded as high as $3.64 and last traded at $3.60. 108,551 shares were traded during trading, an increase of 98% from the average session volume of 54,889 shares. The stock had previously closed at $3.17.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Roth Capital raised Innventure to a “strong-buy” rating in a research report on Thursday, January 23rd. Northland Securities assumed coverage on Innventure in a report on Wednesday, March 12th. They set an “outperform” rating and a $12.00 target price for the company. Roth Mkm assumed coverage on shares of Innventure in a research report on Thursday, January 23rd. They set a “buy” rating and a $16.00 price target on the stock. Finally, Northland Capmk upgraded shares of Innventure to a “strong-buy” rating in a research note on Wednesday, March 12th.

Innventure Stock Performance

The company’s 50 day moving average is $7.03.

Institutional Investors Weigh In On Innventure

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC acquired a new stake in shares of Innventure during the fourth quarter valued at about $52,000. Bank of America Corp DE acquired a new stake in Innventure during the 4th quarter valued at approximately $126,000. CastleKnight Management LP purchased a new stake in Innventure during the 4th quarter worth approximately $387,000. Barclays PLC acquired a new position in shares of Innventure in the 4th quarter valued at approximately $389,000. Finally, Millennium Management LLC purchased a new position in shares of Innventure during the 4th quarter valued at approximately $429,000. 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.