Innventure (NASDAQ:INV) Director Bruce Brown Acquires 30,000 Shares of Stock

Innventure, Inc. (NASDAQ:INV) Director Bruce Brown acquired 30,000 shares of the firm’s stock in a transaction on Thursday, August 20th. The stock was bought at an average price of $1.51 per share, with a total value of $45,300.00. Following the purchase, the director directly owned 106,905 shares of the company’s stock, valued at $161,426.55. This represents a 39.01% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Innventure Stock Performance

NASDAQ INV traded up $0.07 on Friday, reaching $1.56. The stock had a trading volume of 1,950,549 shares, compared to its average volume of 2,372,151. The business’s 50-day moving average price is $4.07 and its 200 day moving average price is $4.51. The stock has a market cap of $131.53 million, a P/E ratio of -1.02 and a beta of 0.43. Innventure, Inc. has a 12-month low of $1.26 and a 12-month high of $7.86. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.15 and a current ratio of 1.20.

Innventure (NASDAQ:INV) last released its quarterly earnings results on Thursday, August 13th. The company reported ($0.32) EPS for the quarter, missing the consensus estimate of ($0.23) by ($0.09). Innventure had a negative net margin of 3,022.42% and a negative return on equity of 21.34%. The business had revenue of $0.95 million during the quarter, compared to analysts’ expectations of $1.97 million. As a group, equities analysts expect that Innventure, Inc. will post -1.17 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Innventure in a research report on Tuesday, August 4th. Wall Street Zen cut shares of Innventure from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Finally, Northland Securities set a $5.00 target price on shares of Innventure in a research report on Friday, August 14th. One equities 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 $5.00.

Hedge Funds Weigh In On Innventure

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Equitable Holdings Inc. acquired a new stake in Innventure during the 2nd quarter valued at $76,000. Bank of America Corp DE acquired a new position in Innventure in the 2nd quarter valued at about $447,000. The Manufacturers Life Insurance Company purchased a new position in Innventure in the 2nd quarter valued at about $77,000. Quantbot Technologies LP purchased a new position in Innventure in the 2nd quarter valued at about $312,000. Finally, Ieq Capital LLC acquired a new stake in shares of Innventure during the 2nd quarter worth about $380,000. Institutional investors and hedge funds own 55.98% of the company’s stock.

About Innventure

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.