Innventure (NASDAQ:INV) Shares Up 12.9% – Time to Buy?

Innventure, Inc. (NASDAQ:INV) shot up 12.9% on Monday . The company traded as high as $6.07 and last traded at $6.0160. 1,729,600 shares traded hands during trading, a decline of 18% from the average session volume of 2,102,535 shares. The stock had previously closed at $5.33.

Wall Street Analysts Forecast Growth

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

Innventure Trading Up 17.3%

The stock has a market capitalization of $575.67 million, a P/E ratio of -2.43 and a beta of 0.38. 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 50-day moving average price of $5.57 and a 200 day moving average price of $4.51.

Innventure (NASDAQ:INV) last released its quarterly earnings results on Thursday, May 14th. The company reported ($0.26) EPS for the quarter, topping the consensus estimate of ($0.36) by $0.10. The firm had revenue of ($3.53) million during the quarter, compared to analyst estimates of $1.65 million. Innventure had a negative return on equity of 34.73% and a negative net margin of 5,225.19%. On average, research analysts forecast that Innventure, Inc. will post -0.9 earnings per share for the current fiscal year.

Insider Activity at Innventure

In other news, Director Daniel J. Hennessy sold 582,139 shares of the business’s stock in a transaction 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 completion of the transaction, the director directly owned 182,358 shares of the company’s stock, valued at approximately $1,006,616.16. The trade was a 76.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 23.64% of the company’s stock.

Institutional Investors Weigh In On Innventure

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. R Squared Ltd acquired a new position in shares of Innventure during the first quarter valued at about $51,000. Root Financial Partners LLC acquired a new stake in Innventure in the 1st quarter worth approximately $174,000. OLD National Bancorp IN purchased a new stake in Innventure during the 1st quarter worth approximately $322,000. Redwood Family Wealth LLC acquired a new position in Innventure during the 4th quarter valued at approximately $192,000. Finally, Yorkville Advisors Global LP increased its stake in Innventure by 17,166.7% during the 4th quarter. Yorkville Advisors Global LP now owns 1,295,000 shares of the company’s stock valued at $5,413,000 after purchasing an additional 1,287,500 shares in the last quarter. 55.98% of the stock is currently owned by hedge funds and other institutional investors.

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.