Innventure (NASDAQ:INV) Shares Gap Down – Should You Sell?

Innventure, Inc. (NASDAQ:INV) gapped down prior to trading on Thursday . The stock had previously closed at $6.41, but opened at $5.85. Innventure shares last traded at $6.0050, with a volume of 2,546,746 shares trading hands.

Analyst Ratings Changes

INV has been the topic of several recent research reports. Wall Street Zen raised shares of Innventure from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings raised shares of Innventure from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell” and an average target price of $8.00.

Innventure Stock Performance

The company’s 50-day simple moving average is $5.46 and its 200 day simple moving average is $4.48. 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 stock has a market cap of $495.16 million, a P/E ratio of -2.09 and a beta of 0.46.

Innventure (NASDAQ:INV) last posted its 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. Innventure had a negative net margin of 5,225.19% and a negative return on equity of 34.73%. The firm had revenue of ($3.53) million for the quarter, compared to analysts’ expectations of $1.65 million. As a group, sell-side analysts expect that Innventure, Inc. will post -0.9 EPS for the current fiscal year.

Insider Activity at Innventure

In other Innventure news, Director Daniel J. Hennessy sold 582,139 shares of Innventure stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $5.52, for a total transaction of $3,213,407.28. Following the transaction, the director owned 182,358 shares of the company’s stock, valued at $1,006,616.16. This trade represents a 76.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 23.64% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Innventure

Several hedge funds have recently modified their holdings of the company. Yorkville Advisors Global LP purchased a new stake in shares of Innventure during the 3rd quarter worth approximately $43,000. Police & Firemen s Retirement System of New Jersey purchased a new stake in shares of Innventure during the 4th quarter worth approximately $32,000. Essential Partners LLC purchased a new stake in shares of Innventure during the 1st quarter worth approximately $32,000. WESPAC Advisors LLC purchased a new stake in shares of Innventure during the 4th quarter worth approximately $42,000. Finally, Diversify Advisory Services LLC purchased a new stake in shares of Innventure during the 4th quarter worth approximately $44,000. Institutional investors own 55.98% of the company’s stock.

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.