Innventure (NASDAQ:INV) Stock Price Up 9% – Still a Buy?

Innventure, Inc. (NASDAQ:INV) shares traded up 9% on Wednesday . The stock traded as high as $6.49 and last traded at $6.55. Approximately 546,177 shares were traded during trading, a decline of 73% from the average session volume of 2,053,300 shares. The stock had previously closed at $6.01.

Analysts Set New Price Targets

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

Innventure Stock Performance

The firm’s fifty day moving average price is $6.07 and its 200-day moving average price is $4.68. 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 firm has a market cap of $557.19 million, a price-to-earnings ratio of -2.35 and a beta of 0.38.

Innventure (NASDAQ:INV) last posted its earnings results on Thursday, May 14th. The company reported ($0.26) EPS for the quarter, beating analysts’ consensus estimates 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 ($3.52) million for the quarter, compared to the consensus estimate of $1.65 million. Analysts expect that Innventure, Inc. will post -0.9 earnings per share for the current year.

Insider Buying and Selling at Innventure

In related news, Director Daniel J. Hennessy sold 582,139 shares of the company’s stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $5.52, for a total value of $3,213,407.28. Following the completion of the sale, the director directly owned 182,358 shares of the company’s stock, valued at $1,006,616.16. This represents a 76.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 14.33% of the company’s stock.

Institutional Investors Weigh In On Innventure

A number of institutional investors and hedge funds have recently added to or reduced their stakes in INV. Essential Partners LLC acquired a new stake in shares of Innventure in the first quarter valued at approximately $32,000. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of Innventure in the 4th quarter valued at $32,000. WESPAC Advisors LLC acquired a new position in shares of Innventure in the 4th quarter valued at $42,000. Yorkville Advisors Global LP purchased a new stake in Innventure in the 3rd quarter valued at $43,000. Finally, Diversify Advisory Services LLC purchased a new stake in Innventure in the 4th quarter valued at $44,000. Hedge funds and other 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.