Innventure (INV) Expected to Announce Quarterly Earnings on Thursday

Innventure (NASDAQ:INV) is anticipated to issue its results before the market opens on Thursday, February 12th. Analysts expect the company to announce earnings of ($0.32) per share for the quarter.

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

Innventure Stock Down 3.3%

Shares of NASDAQ INV opened at $3.24 on Wednesday. Innventure has a 12-month low of $2.36 and a 12-month high of $12.50. The stock’s fifty day simple moving average is $4.18 and its two-hundred day simple moving average is $4.43. The stock has a market capitalization of $219.48 million, a PE ratio of -2.15 and a beta of 0.09. The company has a current ratio of 0.39, a quick ratio of 0.31 and a debt-to-equity ratio of 0.07.

Insider Buying and Selling at Innventure

In other news, Director Daniel J. Hennessy sold 55,840 shares of the stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $5.19, for a total value of $289,809.60. Following the transaction, the director directly owned 761,095 shares of the company’s stock, valued at approximately $3,950,083.05. This represents a 6.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Michael Otworth acquired 12,000 shares of the firm’s stock in a transaction on Tuesday, December 2nd. The shares were acquired at an average price of $5.06 per share, with a total value of $60,720.00. Following the completion of the purchase, the chairman owned 3,492,607 shares in the company, valued at approximately $17,672,591.42. This trade represents a 0.34% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders have bought 58,786 shares of company stock worth $244,245 and have sold 2,731,703 shares worth $12,495,241. 23.64% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its stake in Innventure by 16.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 32,924 shares of the company’s stock valued at $138,000 after buying an additional 4,638 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Innventure during the first quarter valued at approximately $172,000. Vanguard Group Inc. lifted its position in shares of Innventure by 3.9% in 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 in the last quarter. Bridgeway Capital Management LLC acquired a new stake in shares of Innventure in the third quarter worth approximately $347,000. Finally, Cresset Asset Management LLC purchased a new stake in shares of Innventure during the second quarter worth approximately $354,000. Hedge funds and other institutional investors own 55.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on INV shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Innventure in a research report on Monday, December 29th. Northland Securities set a $8.00 price target on shares of Innventure in a report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $8.00.

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.