Innventure (NASDAQ:INV) Shares Gap Up – Still a Buy?

Innventure, Inc. (NASDAQ:INV)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $12.05, but opened at $12.50. Innventure shares last traded at $12.02, with a volume of 11,606 shares.

Analyst Upgrades and Downgrades

INV has been the topic of a number of recent analyst reports. Roth Mkm initiated coverage on Innventure in a report on Thursday, January 23rd. They issued a “buy” rating and a $16.00 price objective on the stock. Roth Capital upgraded shares of Innventure to a “strong-buy” rating in a research note on Thursday, January 23rd.

Innventure Stock Performance

The firm’s 50-day simple moving average is $12.51.

Hedge Funds Weigh In On Innventure

An institutional investor recently bought a new position in Innventure stock. Geode Capital Management LLC bought a new stake in Innventure, Inc. (NASDAQ:INV) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 66,144 shares of the company’s stock, valued at approximately $918,000. Geode Capital Management LLC owned 0.13% of Innventure as of its most recent SEC filing. Institutional investors and hedge funds own 55.98% of the company’s stock.

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.