Innventure (NASDAQ:INV) Trading Down 7.9% – Should You Sell?

Innventure, Inc. (NASDAQ:INV) traded down 7.9% during trading on Monday . The stock traded as low as $6.04 and last traded at $6.1050. 1,048,040 shares changed hands during trading, a decline of 49% from the average daily volume of 2,073,072 shares. The stock had previously closed at $6.63.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on INV shares. Wall Street Zen raised shares of Innventure from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Weiss Ratings upgraded shares of Innventure from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, May 7th. One analyst has rated the stock with a Sell rating, According to MarketBeat, Innventure currently has an average rating of “Sell” and a consensus price target of $8.00.

Innventure Stock Down 8.5%

The firm has a 50-day moving average of $6.12 and a two-hundred day moving average of $4.69. The company has a quick ratio of 1.34, a current ratio of 1.37 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $509.70 million, a PE ratio of -2.18 and a beta of 0.38.

Innventure (NASDAQ:INV) last posted its earnings results on Thursday, May 14th. The company reported ($0.26) EPS for the quarter, beating analysts’ consensus estimates of ($0.36) by $0.10. Innventure had a negative return on equity of 34.73% and a negative net margin of 5,225.19%.The company had revenue of ($3.52) million for the quarter, compared to the consensus estimate of $1.65 million. Equities research analysts predict that Innventure, Inc. will post -0.9 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Daniel J. Hennessy sold 582,139 shares of the business’s stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $5.52, for a total value of $3,213,407.28. Following the sale, the director directly owned 182,358 shares in the company, valued at approximately $1,006,616.16. The trade was a 76.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 14.33% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of INV. Vanguard Group Inc. raised its stake in shares of Innventure by 3.9% in the 3rd 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 period. Yorkville Advisors Global LP lifted its holdings in shares of Innventure by 17,166.7% in the 4th quarter. Yorkville Advisors Global LP now owns 1,295,000 shares of the company’s stock worth $5,413,000 after acquiring an additional 1,287,500 shares during the last quarter. Abundance Wealth Counselors boosted its position in shares of Innventure by 3.7% during the 4th quarter. Abundance Wealth Counselors now owns 782,197 shares of the company’s stock worth $3,270,000 after purchasing an additional 27,886 shares during the period. Stifel Financial Corp purchased a new position in shares of Innventure during the 4th quarter worth approximately $2,903,000. Finally, Geode Capital Management LLC increased its holdings in Innventure by 96.3% in the 4th quarter. Geode Capital Management LLC now owns 679,953 shares of the company’s stock valued at $2,843,000 after purchasing an additional 333,615 shares during the last quarter. 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.