Innventure (NASDAQ:INV) Trading 9% Higher – Should You Buy?

Innventure, Inc. (NASDAQ:INV)’s share price shot up 9% during trading on Wednesday . The company traded as high as $6.49 and last traded at $6.55. 546,177 shares changed hands during mid-day trading, a decline of 73% from the average session volume of 2,053,300 shares. The stock had previously closed at $6.01.

Analyst Ratings Changes

A number of research firms have issued reports on INV. Weiss Ratings upgraded Innventure from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, May 7th. Wall Street Zen upgraded Innventure from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell” and an average price target of $8.00.

Innventure Trading Up 13.7%

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 firm has a 50 day moving average of $5.98 and a 200 day moving average of $4.66. The firm has a market cap of $574.28 million, a PE ratio of -2.41 and a beta of 0.38.

Innventure (NASDAQ:INV) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($0.26) EPS for the quarter, beating the consensus estimate 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 business had revenue of ($3.53) million for the quarter, compared to the consensus estimate of $1.65 million. Equities analysts anticipate that Innventure, Inc. will post -0.9 earnings per share for the current year.

Insider Buying and Selling

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

Institutional Investors Weigh In On Innventure

Several institutional investors have recently made changes to their positions in INV. Yorkville Advisors Global LP lifted its position in shares of Innventure by 17,166.7% during the fourth 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 in the last quarter. Stifel Financial Corp purchased a new stake in shares of Innventure during the fourth quarter worth $2,903,000. Titleist Asset Management LLC purchased a new stake in shares of Innventure during the fourth quarter worth $2,059,000. NewEdge Advisors LLC lifted its position in shares of Innventure by 264.2% during the first quarter. NewEdge Advisors LLC now owns 549,901 shares of the company’s stock worth $2,150,000 after acquiring an additional 398,911 shares in the last quarter. Finally, State Street Corp lifted its position in shares of Innventure by 262.5% during the fourth quarter. State Street Corp now owns 483,824 shares of the company’s stock worth $2,022,000 after acquiring an additional 350,359 shares in the last quarter. Hedge funds and other institutional investors own 55.98% of the company’s stock.

Innventure Company Profile

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.