Innventure (NASDAQ:INV) Trading 9% Higher – Should You Buy?

Innventure, Inc. (NASDAQ:INV) traded up 9% on Wednesday . The company traded as high as $6.49 and last traded at $6.55. 546,177 shares traded hands during trading, a decline of 73% from the average session volume of 2,053,300 shares. The stock had previously closed at $6.01.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Weiss Ratings upgraded Innventure from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, May 7th. Wall Street Zen upgraded Innventure from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell” and a consensus price target of $8.00.

Innventure Price Performance

The stock has a market capitalization of $574.28 million, a price-to-earnings ratio of -2.41 and a beta of 0.38. The company has a fifty day simple moving average of $5.98 and a 200 day simple moving average of $4.66. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.34 and a current ratio of 1.37.

Innventure (NASDAQ:INV) last announced its earnings results on Thursday, May 14th. The company reported ($0.26) EPS for the quarter, topping the consensus estimate of ($0.36) by $0.10. Innventure had a negative return on equity of 34.73% and a negative net margin of 5,225.19%.The firm had revenue of ($3.53) million for the quarter, compared to the consensus estimate of $1.65 million. Equities research analysts forecast that Innventure, Inc. will post -0.9 EPS for the current fiscal year.

Insider Buying and Selling at Innventure

In other news, Director Daniel J. Hennessy sold 582,139 shares of Innventure stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $5.52, for a total value of $3,213,407.28. Following the completion of the transaction, the director directly owned 182,358 shares of the company’s stock, valued at approximately $1,006,616.16. This trade represents a 76.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 14.33% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its position in Innventure by 3.9% in the 3rd quarter. Vanguard Group Inc. now owns 1,528,649 shares of the company’s stock valued at $8,851,000 after buying an additional 56,764 shares in the last quarter. Yorkville Advisors Global LP increased its position in Innventure by 17,166.7% in the 4th quarter. Yorkville Advisors Global LP now owns 1,295,000 shares of the company’s stock valued at $5,413,000 after buying an additional 1,287,500 shares in the last quarter. Abundance Wealth Counselors increased its position in Innventure by 3.7% in the 4th quarter. Abundance Wealth Counselors now owns 782,197 shares of the company’s stock valued at $3,270,000 after buying an additional 27,886 shares in the last quarter. Stifel Financial Corp bought a new stake in Innventure in the 4th quarter valued at about $2,903,000. Finally, Geode Capital Management LLC increased its position in Innventure by 96.3% in the 4th quarter. Geode Capital Management LLC now owns 679,953 shares of the company’s stock valued at $2,843,000 after buying an additional 333,615 shares in the last quarter. 55.98% of the stock is owned by institutional investors.

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.