Innventure (NASDAQ:INV) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Innventure (NASDAQ:INV) from a sell rating to a hold rating in a report released on Saturday.

Separately, Weiss Ratings upgraded shares of Innventure from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, May 7th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Innventure currently has an average rating of “Sell” and a consensus price target of $8.00.

Innventure Stock Up 3.7%

Shares of NASDAQ INV opened at $3.34 on Friday. The company has a current ratio of 1.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.01. The company has a market cap of $280.69 million, a price-to-earnings ratio of -1.18 and a beta of 0.43. Innventure has a 12 month low of $2.36 and a 12 month high of $7.86. The stock has a 50-day moving average price of $4.94 and a two-hundred day moving average price of $4.59.

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

Hedge Funds Weigh In On Innventure

Institutional investors and hedge funds have recently bought and sold shares of the company. Goldman Sachs Group Inc. grew its holdings in shares of Innventure by 16.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 32,924 shares of the company’s stock worth $138,000 after purchasing an additional 4,638 shares during the last quarter. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of Innventure in the fourth quarter valued at approximately $32,000. Essential Partners LLC bought a new position in Innventure in the 1st quarter valued at approximately $32,000. Diversify Advisory Services LLC bought a new position in Innventure in the 4th quarter valued at approximately $44,000. Finally, R Squared Ltd acquired a new stake in Innventure during the 1st quarter worth approximately $51,000. Institutional investors and hedge funds 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.