Wall Street Zen upgraded shares of Innventure (NASDAQ:INV – Free Report) from a sell rating to a hold rating in a research note published on Saturday.
A number of other equities analysts also recently commented on the stock. Northland Securities set a $8.00 price objective on shares of Innventure in a research report on Thursday, January 22nd. Weiss Ratings upgraded shares of Innventure from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, May 7th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell” and an average target price of $8.00.
Check Out Our Latest Report on INV
Innventure Stock Down 8.2%
Innventure (NASDAQ:INV – Get Free Report) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($0.26) EPS for the quarter, topping analysts’ consensus estimates of ($0.36) by $0.10. The company 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 35.91%. On average, analysts forecast that Innventure will post -1.34 earnings per share for the current year.
Insider Buying and Selling at Innventure
In other news, Director Daniel J. Hennessy sold 582,139 shares of the company’s stock in a transaction on Monday, April 20th. The shares were sold at an average price of $5.52, for a total transaction of $3,213,407.28. Following the transaction, 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 currently owned by company insiders.
Hedge Funds Weigh In On Innventure
A number of institutional investors and hedge funds have recently made changes to their positions in INV. Goldman Sachs Group Inc. grew its stake in shares of Innventure by 55.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 110,593 shares of the company’s stock worth $853,000 after purchasing an additional 39,636 shares during the period. Jane Street Group LLC acquired a new position in shares of Innventure during the 1st quarter worth $172,000. Geode Capital Management LLC grew its stake in shares of Innventure by 60.1% during the 2nd quarter. Geode Capital Management LLC now owns 312,201 shares of the company’s stock worth $1,499,000 after purchasing an additional 117,162 shares during the period. Cresset Asset Management LLC acquired a new position in shares of Innventure during the 2nd quarter worth $354,000. Finally, Belpointe Asset Management LLC grew its stake in shares of Innventure by 276.1% during the 3rd quarter. Belpointe Asset Management LLC now owns 380,918 shares of the company’s stock worth $2,206,000 after purchasing an additional 279,648 shares during the period. 55.98% of the stock is owned by institutional investors and hedge funds.
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.
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