Innventure (NASDAQ:INV) Stock Rating Upgraded by Zacks Research

Innventure (NASDAQ:INV – Get Free Report) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Tuesday, Zacks reports.

Other analysts also recently issued reports about the stock. Weiss Ratings downgraded shares of Innventure from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, September 18th. Northland Securities set a $5.00 price target on shares of Innventure in a research report on Friday, August 14th. Finally, Wall Street Zen lowered shares of Innventure from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $5.00.

Read Our Latest Stock Analysis on INV

Innventure Price Performance

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

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

Insider Buying and Selling

In related news, Director Bruce Brown acquired 30,000 shares of the stock in a transaction on Thursday, August 20th. The stock was acquired at an average price of $1.51 per share, for a total transaction of $45,300.00. Following the completion of the purchase, the director owned 106,905 shares of the company’s stock, valued at $161,426.55. This represents a 39.01% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Michael Otworth bought 231,000 shares of the company’s stock in a transaction on Thursday, August 20th. The stock was bought at an average cost of $1.51 per share, for a total transaction of $348,810.00. Following the completion of the acquisition, the chairman directly owned 3,781,087 shares of the company’s stock, valued at approximately $5,709,441.37. This represents a 6.51% increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have purchased 536,000 shares of company stock worth $807,110. 14.33% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Innventure

Institutional investors have recently modified their holdings of the stock. BOK Financial Private Wealth Inc. bought a new position in shares of Innventure during the second quarter valued at $25,000. Essential Partners LLC purchased a new position in shares of Innventure in the 1st quarter worth about $32,000. Valley Forge Investment Consultants Inc. ADV purchased a new position in shares of Innventure in the 2nd quarter worth about $51,000. Pallas Capital Advisors LLC purchased a new position in shares of Innventure in the 2nd quarter worth about $53,000. Finally, The Manufacturers Life Insurance Company bought a new position in Innventure in the 1st quarter worth about $55,000. 55.98% of the stock is owned by hedge funds and other institutional investors.

About Innventure

(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.

Further Reading

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