Innventure, Inc. (NASDAQ:INV) Receives $14.00 Average Target Price from Analysts

Innventure, Inc. (NASDAQ:INV) has received an average recommendation of “Buy” from the five analysts that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have given a buy rating and two have given a strong buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $14.00.

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Innventure in a research report on Monday, December 8th.

Insider Buying and Selling at Innventure

In other Innventure news, CEO Gregory W. Haskell bought 10,000 shares of Innventure stock in a transaction dated Wednesday, November 26th. The stock was acquired at an average cost of $5.14 per share, for a total transaction of $51,400.00. Following the completion of the transaction, the chief executive officer directly owned 762,115 shares of the company’s stock, valued at approximately $3,917,271.10. This represents a 1.33% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder We-Inn Llc sold 252,502 shares of the firm’s stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of $4.68, for a total transaction of $1,181,709.36. Following the completion of the transaction, the insider directly owned 6,135,284 shares in the company, valued at approximately $28,713,129.12. This represents a 3.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have bought 58,786 shares of company stock valued at $244,245 and have sold 3,901,587 shares valued at $16,085,322. 23.64% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Innventure

Large investors have recently made changes to their positions in the stock. Yorkville Advisors Global LP acquired a new stake in shares of Innventure in the third quarter valued at approximately $43,000. Fortis Capital Advisors LLC purchased a new stake in Innventure in the 2nd quarter valued at $52,000. OMERS ADMINISTRATION Corp acquired a new stake in shares of Innventure in the 1st quarter worth $116,000. Naviter Wealth LLC purchased a new position in shares of Innventure during the 2nd quarter worth $141,000. Finally, Diametric Capital LP raised its holdings in shares of Innventure by 144.3% during the 2nd quarter. Diametric Capital LP now owns 32,573 shares of the company’s stock worth $156,000 after acquiring an additional 19,242 shares during the period. 55.98% of the stock is currently owned by hedge funds and other institutional investors.

Innventure Stock Up 8.0%

INV opened at $4.70 on Wednesday. The company has a market cap of $293.61 million, a PE ratio of -3.11 and a beta of 0.07. Innventure has a twelve month low of $2.36 and a twelve month high of $14.95. The company has a 50-day moving average price of $4.10 and a 200 day moving average price of $4.79. The company has a quick ratio of 0.31, a current ratio of 0.39 and a debt-to-equity ratio of 0.07.

Innventure (NASDAQ:INV) last posted its quarterly earnings data on Thursday, November 13th. The company reported ($0.51) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.27). Innventure had a negative return on equity of 29.39% and a negative net margin of 18,877.40%.The firm had revenue of ($5.00) million for the quarter, compared to analysts’ expectations of $1.98 million.

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.