Innventure Sees Unusually Large Options Volume (NASDAQ:INV)

Innventure, Inc. (NASDAQ:INV) was the target of some unusual options trading activity on Friday. Investors acquired 10,733 call options on the company. This is an increase of approximately 358% compared to the average daily volume of 2,344 call options.

Analyst Ratings Changes

A number of brokerages have recently commented on INV. Weiss Ratings reissued a “sell (d-)” rating on shares of Innventure in a research report on Tuesday, August 4th. Wall Street Zen upgraded Innventure from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell” and a consensus target price of $8.00.

Hedge Funds Weigh In On Innventure

A number of hedge funds have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. raised its stake in shares of Innventure by 55.9% in the first 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 last quarter. Jane Street Group LLC purchased a new stake in shares of Innventure during the first quarter valued at $172,000. Geode Capital Management LLC increased its holdings in Innventure by 60.1% in the 2nd quarter. Geode Capital Management LLC now owns 312,201 shares of the company’s stock worth $1,499,000 after buying an additional 117,162 shares in the last quarter. Cresset Asset Management LLC bought a new position in Innventure during the second quarter valued at approximately $354,000. Finally, Vanguard Group Inc. increased its position in Innventure by 3.9% during the third quarter. Vanguard Group Inc. now owns 1,528,649 shares of the company’s stock valued at $8,851,000 after acquiring an additional 56,764 shares during the last quarter. 55.98% of the stock is currently owned by hedge funds and other institutional investors.

Innventure Stock Down 54.2%

INV stock traded down $1.95 during trading on Friday, hitting $1.65. 15,422,463 shares of the stock traded hands, compared to its average volume of 2,065,475. The stock has a market cap of $138.50 million, a price-to-earnings ratio of -0.59 and a beta of 0.43. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.37 and a quick ratio of 1.34. Innventure has a 1 year low of $1.63 and a 1 year high of $7.86. The firm’s 50 day moving average is $4.50 and its two-hundred day moving average is $4.58.

Innventure (NASDAQ:INV) last issued its 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 firm had revenue of $0.95 million during the quarter, compared to analysts’ expectations of $1.97 million. Innventure had a negative return on equity of 34.73% and a negative net margin of 5,225.19%. On average, sell-side analysts anticipate that Innventure will post -0.9 EPS for the current year.

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.