Key Points
- Director Daniel Hennessy sold 2,992 shares on April 14 at an average price of $5.01 for a total of $14,989.92, trimming his stake by 0.39% to 764,497 shares.
- Innventure reported Q1 EPS of ($0.29) which beat estimates while revenue missed ($0.82M vs. $2.01M), and the company shows a very weak profitability profile including a negative net margin and negative return on equity.
- Analysts carry a consensus Sell rating with an average target of $8.00, and institutional investors/hedge funds now own roughly 56% of the stock after several funds materially increased positions.
Innventure, Inc. (NASDAQ:INV - Get Free Report) Director Daniel Hennessy sold 2,992 shares of the business's stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $5.01, for a total value of $14,989.92. Following the transaction, the director owned 764,497 shares of the company's stock, valued at approximately $3,830,129.97. This trade represents a 0.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Innventure Trading Down 1.3%
Innventure stock opened at $4.70 on Friday. Innventure, Inc. has a 12-month low of $2.36 and a 12-month high of $6.96. The firm has a market capitalization of $318.38 million, a price-to-earnings ratio of -0.83 and a beta of -0.11. The firm has a 50 day moving average of $3.68 and a 200 day moving average of $3.96. The company has a current ratio of 1.09, a quick ratio of 1.07 and a debt-to-equity ratio of 0.02.
Innventure (NASDAQ:INV - Get Free Report) last issued its quarterly earnings results on Monday, March 30th. The company reported ($0.29) earnings per share for the quarter, beating the consensus estimate of ($0.32) by $0.03. The business had revenue of $0.82 million for the quarter, compared to the consensus estimate of $2.01 million. Innventure had a negative net margin of 14,266.39% and a negative return on equity of 23.77%.
Wall Street Analysts Forecast Growth
INV has been the topic of a number of analyst reports. Weiss Ratings restated a "sell (d-)" rating on shares of Innventure in a research note on Monday, December 29th. Northland Securities set a $8.00 price objective on Innventure in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Innventure presently has a consensus rating of "Sell" and an average target price of $8.00.
Check Out Our Latest Stock Report on Innventure
Hedge Funds Weigh In On Innventure
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Yorkville Advisors Global LP raised its position in shares of 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 buying an additional 1,287,500 shares in the last quarter. Stifel Financial Corp bought a new stake in Innventure during the fourth quarter worth approximately $2,903,000. Titleist Asset Management LLC purchased a new stake in Innventure during the fourth quarter valued at approximately $2,059,000. State Street Corp raised its position in Innventure by 262.5% during the fourth quarter. State Street Corp now owns 483,824 shares of the company's stock valued at $2,022,000 after purchasing an additional 350,359 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of 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. 55.98% of the stock is owned by hedge funds and other institutional investors.
About Innventure
(
Get Free Report)
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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