Innventure (NASDAQ:INV) Upgraded at Wall Street Zen
by Jessica Moore · The Cerbat GemWall Street Zen upgraded shares of Innventure (NASDAQ:INV – Free Report) from a strong sell rating to a sell rating in a report published on Saturday.
A number of other research analysts also recently commented on the stock. Northland Securities set a $8.00 price target on shares of Innventure in a report on Thursday, January 22nd. Weiss Ratings downgraded shares of Innventure from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, April 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell” and an average target price of $8.00.
Read Our Latest Research Report on Innventure
Innventure Stock Up 8.9%
Shares of NASDAQ:INV opened at $7.12 on Friday. The company has a current ratio of 1.09, a quick ratio of 1.07 and a debt-to-equity ratio of 0.02. Innventure has a 12 month low of $2.36 and a 12 month high of $7.32. The company has a 50-day moving average price of $4.10 and a 200 day moving average price of $3.99. The company has a market cap of $482.31 million, a price-to-earnings ratio of -1.26 and a beta of -0.11.
Innventure (NASDAQ:INV – Get Free Report) last announced its quarterly earnings results on Monday, March 30th. The company reported ($0.29) EPS for the quarter, beating analysts’ consensus estimates of ($0.32) by $0.03. Innventure had a negative net margin of 14,266.39% and a negative return on equity of 23.77%. The firm had revenue of ($20.21) million during the quarter, compared to the consensus estimate of $2.01 million. As a group, equities research analysts predict that Innventure will post -1.34 earnings per share for the current year.
Insiders Place Their Bets
In related news, Director Daniel J. Hennessy sold 582,139 shares of the stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $5.52, for a total value of $3,213,407.28. Following the sale, the director directly owned 182,358 shares of the company’s stock, valued at $1,006,616.16. This represents a 76.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 23.64% of the stock is owned by company insiders.
Institutional Trading of Innventure
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in INV. Yorkville Advisors Global LP raised 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 worth $5,413,000 after purchasing an additional 1,287,500 shares during the period. Stifel Financial Corp purchased a new position in shares of Innventure during the fourth quarter worth approximately $2,903,000. Titleist Asset Management LLC purchased a new position in shares of Innventure during the fourth quarter worth approximately $2,059,000. State Street Corp increased its position in shares of Innventure by 262.5% during the fourth quarter. State Street Corp now owns 483,824 shares of the company’s stock worth $2,022,000 after acquiring an additional 350,359 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of Innventure by 96.3% during the fourth quarter. Geode Capital Management LLC now owns 679,953 shares of the company’s stock worth $2,843,000 after acquiring an additional 333,615 shares during the period. 55.98% of the stock is owned by hedge funds and other 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.