Innventure, Inc. (NASDAQ:INV) Receives $14.00 Consensus PT from Analysts

Shares of Innventure, Inc. (NASDAQ:INV) have been assigned a consensus rating of “Buy” from the five analysts that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have issued a buy rating and two have assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $14.00.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Innventure in a research report on Monday, December 29th.

Insider Activity

In other news, insider John Stewart Scott sold 452,668 shares of the business’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $5.13, for a total transaction of $2,322,186.84. Following the completion of the transaction, the insider owned 1,965,051 shares of the company’s stock, valued at approximately $10,080,711.63. The trade was a 18.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Daniel J. Hennessy sold 266,367 shares of the company’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $5.31, for a total value of $1,414,408.77. Following the sale, the director owned 907,378 shares of the company’s stock, valued at approximately $4,818,177.18. This represents a 22.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have acquired 58,786 shares of company stock worth $244,245 and have sold 3,873,088 shares worth $15,941,913. Corporate insiders own 23.64% of the company’s stock.

Hedge Funds Weigh In On Innventure

Several large investors have recently bought and sold shares of the company. Yorkville Advisors Global LP acquired a new position in shares of Innventure in the 3rd quarter worth approximately $43,000. WESPAC Advisors LLC bought a new position in Innventure during the fourth quarter worth $42,000. Fortis Capital Advisors LLC acquired a new position in Innventure in the second quarter valued at $52,000. Jane Street Group LLC acquired a new position in Innventure in the first quarter valued at $172,000. Finally, Naviter Wealth LLC bought a new stake in Innventure during the second quarter valued at $141,000. 55.98% of the stock is currently owned by institutional investors.

Innventure Trading Down 2.1%

INV opened at $3.75 on Friday. The stock has a market capitalization of $254.04 million, a price-to-earnings ratio of -2.48 and a beta of 0.10. The company has a quick ratio of 0.31, a current ratio of 0.39 and a debt-to-equity ratio of 0.07. Innventure has a twelve month low of $2.36 and a twelve month high of $12.90. The company has a 50-day simple moving average of $4.51 and a 200 day simple moving average of $4.62.

Innventure (NASDAQ:INV) last issued its earnings results on Thursday, November 13th. The company reported ($0.51) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.27). Innventure had a negative net margin of 18,877.40% and a negative return on equity of 29.39%. The firm had revenue of ($5.00) million during the quarter, compared to analyst estimates of $1.98 million.

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.