Innventure (NASDAQ:INV) Stock Bumped Up to Hold by Zacks Research

Zacks Research upgraded shares of Innventure (NASDAQ:INV – Free Report) from a strong sell rating to a hold rating in a report released on Tuesday morning,Zacks reports.

A number of other brokerages have also recently issued reports on INV. Wall Street Zen cut Innventure from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. Weiss Ratings downgraded Innventure from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, September 18th. Finally, Northland Securities set a $5.00 target price on Innventure in a report on Friday, August 14th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $5.00.

Get Our Latest Stock Report on INV

Innventure Stock Up 6.9%

INV stock opened at $0.17 on Tuesday. Innventure has a 12 month low of $0.12 and a 12 month high of $7.86. The firm has a market cap of $14.66 million, a PE ratio of -0.11 and a beta of 0.47. The firm has a 50 day simple moving average of $0.52 and a 200 day simple moving average of $3.34. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.20 and a quick ratio of 1.15.

Innventure (NASDAQ:INV – Get Free Report) last posted its quarterly earnings results on Thursday, August 13th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.23) by ($0.09). The business had revenue of $0.95 million during the quarter, compared to analyst estimates of $1.97 million. Innventure had a negative return on equity of 21.34% and a negative net margin of 3,022.42%. Equities research analysts forecast that Innventure will post -1.17 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Gregory W. Haskell acquired 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The stock was purchased at an average price of $1.51 per share, with a total value of $75,500.00. Following the purchase, the chief executive officer owned 979,803 shares of the company’s stock, valued at approximately $1,479,502.53. This trade represents a 5.38% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director James O. Donnally acquired 225,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The stock was purchased at an average cost of $1.50 per share, with a total value of $337,500.00. Following the purchase, the director directly owned 252,886 shares in the company, valued at approximately $379,329. This trade represents a 806.86% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 536,000 shares of company stock worth $807,110 over the last three months. 14.33% of the stock is owned by insiders.

Institutional Trading of Innventure

Large investors have recently added to or reduced their stakes in the company. BOK Financial Private Wealth Inc. acquired a new stake in shares of Innventure in the second quarter worth $25,000. Essential Partners LLC purchased a new position in shares of Innventure during the first quarter valued at $32,000. Valley Forge Investment Consultants Inc. ADV purchased a new position in shares of Innventure during the second quarter valued at $51,000. Pallas Capital Advisors LLC acquired a new position in Innventure during the second quarter valued at $53,000. Finally, Squarepoint Ops LLC acquired a new position in Innventure during the second quarter valued at $59,000. 55.98% of the stock is owned by institutional investors and hedge funds.

Innventure Company Profile

(Get Free Report)

Innventure Inc. (NASDAQ: INV) is a technology commercialization company that identifies promising innovations and helps develop them into standalone businesses. The company works with corporate, university and other research partners to evaluate technologies, build business plans and establish companies intended to bring those innovations to market. Innventure provides services across the commercialization process, including technology assessment, product development, intellectual-property strategy, business formation, fundraising and operational support.

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