Key Points
- Director James Donnally bought 27,886 shares on November 21 at an average price of $3.37, a transaction worth about $93,976 disclosed in an SEC filing.
- Innventure missed its latest quarter estimates, reporting EPS of ($0.51) vs. ($0.24) expected and revenue of $0.53M vs. $1.98M, and showed extremely negative net margins and a negative return on equity.
- Institutional investors own about 55.98% of the stock, and analysts have an average rating of "Buy" with a consensus price target of $14.00, though ratings are mixed and Weiss Ratings maintains a "sell (e+)".
Innventure, Inc. (NASDAQ:INV - Get Free Report) Director James Donnally purchased 27,886 shares of the firm's stock in a transaction on Friday, November 21st. The shares were purchased at an average cost of $3.37 per share, with a total value of $93,975.82. Following the completion of the purchase, the director owned 27,886 shares in the company, valued at $93,975.82. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Innventure Stock Up 17.8%
INV opened at $5.48 on Wednesday. Innventure, Inc. has a one year low of $2.36 and a one year high of $14.95. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.31 and a current ratio of 0.39. The stock's fifty day moving average is $4.18 and its 200-day moving average is $4.77. The company has a market capitalization of $342.34 million, a PE ratio of -3.63 and a beta of 0.15.
Innventure (NASDAQ:INV - Get Free Report) last announced its earnings results on Thursday, November 13th. The company reported ($0.51) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($0.27). The firm had revenue of $0.53 million for the quarter, compared to the consensus estimate of $1.98 million. Innventure had a negative net margin of 18,877.40% and a negative return on equity of 29.39%.
Hedge Funds Weigh In On Innventure
A number of institutional investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. lifted its stake in Innventure by 937.6% during the second quarter. PNC Financial Services Group Inc. now owns 3,074,330 shares of the company's stock valued at $14,757,000 after buying an additional 2,778,036 shares in the last quarter. Abundance Wealth Counselors acquired a new stake in shares of Innventure during the second quarter valued at approximately $3,621,000. Belpointe Asset Management LLC lifted its position in shares of Innventure by 276.1% in the 3rd quarter. Belpointe Asset Management LLC now owns 380,918 shares of the company's stock valued at $2,206,000 after acquiring an additional 279,648 shares in the last quarter. Mariner LLC acquired a new position in Innventure in the 3rd quarter worth approximately $963,000. Finally, FWG Holdings LLC boosted its stake in Innventure by 899.9% in the 2nd quarter. FWG Holdings LLC now owns 143,691 shares of the company's stock worth $711,000 after purchasing an additional 129,321 shares during the period. Hedge funds and other institutional investors own 55.98% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Innventure in a research note on Monday, November 17th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Innventure presently has an average rating of "Buy" and a consensus price target of $14.00.
Check Out Our Latest Research Report on INV
Innventure Company Profile
(
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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.
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