Innventure, Inc. (NASDAQ:INV) Receives Consensus Recommendation of “Buy” from Analysts

Innventure, Inc. (NASDAQ:INV) has been assigned a consensus recommendation of “Buy” from the five brokerages that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $14.00.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Innventure in a report on Monday, November 17th.

Innventure Trading Down 5.1%

Innventure stock opened at $5.20 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.39 and a quick ratio of 0.31. The firm’s 50 day moving average price is $4.16 and its 200-day moving average price is $4.77. Innventure has a 1 year low of $2.36 and a 1 year high of $14.95. The stock has a market cap of $324.84 million, a P/E ratio of -3.44 and a beta of 0.15.

Innventure (NASDAQ:INV) last announced its quarterly 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). The company had revenue of $0.53 million during the quarter, compared to analysts’ expectations of $1.98 million. Innventure had a negative return on equity of 29.39% and a negative net margin of 18,877.40%.

Insider Transactions at Innventure

In related news, major shareholder We-Inn Llc sold 436,296 shares of the stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $3.01, for a total transaction of $1,313,250.96. Following the sale, the insider owned 8,797,199 shares in the company, valued at approximately $26,479,568.99. This represents a 4.73% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Daniel J. Hennessy sold 266,367 shares of the company’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $5.31, for a total transaction of $1,414,408.77. Following the transaction, the director owned 907,378 shares in the company, valued at $4,818,177.18. The trade was a 22.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders purchased 41,886 shares of company stock worth $158,976 and sold 2,690,677 shares worth $10,127,145. Company insiders own 23.64% of the company’s stock.

Institutional Trading of Innventure

Hedge funds and other institutional investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. bought a new stake in shares of Innventure during the first quarter worth $2,284,000. OMERS ADMINISTRATION Corp bought a new stake in shares of Innventure during the first quarter valued at approximately $116,000. Goldman Sachs Group Inc. boosted its holdings 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 valued at $853,000 after purchasing an additional 39,636 shares during the period. Jane Street Group LLC purchased a new position in Innventure during the 1st quarter worth $172,000. Finally, Abundance Wealth Counselors purchased a new stake in shares of Innventure in the 2nd quarter worth $3,621,000. Hedge funds and other institutional investors own 55.98% of the company’s stock.

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.