Innventure (NASDAQ:INV) Stock Price Up 12.9% – What’s Next?

Innventure, Inc. (NASDAQ:INVGet Free Report)’s stock price traded up 12.9% during mid-day trading on Monday . The company traded as high as $6.07 and last traded at $6.0160. 1,729,600 shares traded hands during trading, a decline of 18% from the average session volume of 2,102,535 shares. The stock had previously closed at $5.33.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Weiss Ratings upgraded shares of Innventure from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, May 7th. Wall Street Zen raised shares of Innventure from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell” and an average target price of $8.00.

Check Out Our Latest Report on Innventure

Innventure Stock Performance

The firm has a market cap of $506.34 million, a P/E ratio of -2.14 and a beta of 0.38. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.34 and a current ratio of 1.37. The company’s 50 day moving average is $5.53 and its 200 day moving average is $4.50.

Innventure (NASDAQ:INVGet Free Report) last issued its quarterly earnings data on Thursday, May 14th. The company reported ($0.26) EPS for the quarter, beating the consensus estimate of ($0.36) by $0.10. The business had revenue of ($3.53) million during the quarter, compared to the consensus estimate of $1.65 million. Innventure had a negative net margin of 5,225.19% and a negative return on equity of 34.73%. As a group, equities analysts predict that Innventure, Inc. will post -0.9 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Daniel J. Hennessy sold 582,139 shares of the stock in a transaction that occurred on 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 completion of the transaction, the director 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 23.64% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Innventure

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake 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 purchasing an additional 56,764 shares during the last quarter. Yorkville Advisors Global LP raised its stake in shares of Innventure by 17,166.7% during the fourth quarter. Yorkville Advisors Global LP now owns 1,295,000 shares of the company’s stock valued at $5,413,000 after acquiring an additional 1,287,500 shares during the last quarter. Abundance Wealth Counselors raised its stake in shares of Innventure by 3.7% during the fourth quarter. Abundance Wealth Counselors now owns 782,197 shares of the company’s stock valued at $3,270,000 after acquiring an additional 27,886 shares during the last quarter. Stifel Financial Corp bought a new position in shares of Innventure during the fourth quarter valued at $2,903,000. Finally, Geode Capital Management LLC raised its stake 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 valued at $2,843,000 after acquiring an additional 333,615 shares during the last quarter. Institutional investors own 55.98% of the company’s stock.

Innventure Company Profile

(Get Free Report)

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.

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