Zacks Research Upgrades Innventure (NASDAQ:INV) to “Hold”

Innventure (NASDAQ:INV) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, Zacks reports.

Several other equities analysts have also commented on the stock. Wall Street Zen lowered shares of Innventure from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. Northland Securities set a $5.00 target price on shares of Innventure in a research report on Friday, August 14th. Finally, Weiss Ratings lowered shares of Innventure from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, September 18th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $5.00.

Innventure Trading Up 6.9%

Innventure stock opened at $0.17 on Tuesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.15 and a current ratio of 1.20. The stock has a market cap of $14.66 million, a PE ratio of -0.11 and a beta of 0.47. The stock has a 50-day moving average of $0.52 and a two-hundred day moving average of $3.34. Innventure has a one year low of $0.12 and a one year high of $7.86.

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

Insider Transactions at Innventure

In other news, Director James Donnally bought 225,000 shares of Innventure stock in a transaction that occurred on Thursday, August 20th. The stock was bought at an average price of $1.50 per share, for a total transaction of $337,500.00. Following the purchase, the director directly owned 252,886 shares of the company’s stock, valued at approximately $379,329. The trade was a 806.86% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Bruce Brown purchased 30,000 shares of the stock in a transaction on Thursday, August 20th. The shares were purchased at an average cost of $1.51 per share, with a total value of $45,300.00. Following the transaction, the director owned 106,905 shares in the company, valued at $161,426.55. This trade represents a 39.01% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have purchased 536,000 shares of company stock worth $807,110. Insiders own 14.33% of the company’s stock.

Institutional Investors Weigh In On Innventure

Several hedge funds have recently added to or reduced their stakes in INV. BOK Financial Private Wealth Inc. acquired a new stake in Innventure in the 2nd quarter valued at $25,000. Essential Partners LLC purchased a new stake in shares of Innventure during the first quarter worth about $32,000. Valley Forge Investment Consultants Inc. ADV purchased a new stake in shares of Innventure during the second quarter worth about $51,000. Pallas Capital Advisors LLC acquired a new position in shares of Innventure during the 2nd quarter worth about $53,000. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of Innventure during the 1st quarter worth about $55,000. 55.98% of the stock is owned by hedge funds and other institutional investors.

About Innventure

Innventure Inc. (NASDAQ: INV) is a technology commercialization company that identifies promising innovations and helps develop them into standalone businesses. The company works with corporate, university and other research partners to evaluate technologies, build business plans and establish companies intended to bring those innovations to market. Innventure provides services across the commercialization process, including technology assessment, product development, intellectual-property strategy, business formation, fundraising and operational support.