Innventure (NASDAQ:INV) Trading Up 15% – Should You Buy?

Innventure, Inc. (NASDAQ:INV)’s stock price traded up 15% on Thursday . The stock traded as high as $4.16 and last traded at $4.13. 1,948,691 shares were traded during trading, an increase of 25% from the average session volume of 1,564,061 shares. The stock had previously closed at $3.59.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Innventure in a report on Monday, December 29th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Innventure has an average rating of “Buy” and an average price target of $14.00.

Innventure Stock Up 15.0%

The stock has a 50-day moving average price of $4.44 and a 200-day moving average price of $4.67. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.39 and a quick ratio of 0.31. The company has a market capitalization of $279.77 million, a P/E ratio of -2.74 and a beta of 0.10.

Innventure (NASDAQ:INV) last released its quarterly earnings results on Thursday, November 13th. The company reported ($0.51) earnings per share (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 the consensus estimate of $1.98 million.

Insider Activity at Innventure

In other news, insider John Stewart Scott sold 452,668 shares of Innventure stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $5.13, for a total value of $2,322,186.84. Following the completion of the sale, the insider owned 1,965,051 shares in the company, valued at $10,080,711.63. The trade was a 18.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder We-Inn Llc sold 252,502 shares of the stock in a transaction on 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 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 disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have acquired 58,786 shares of company stock worth $244,245 and have sold 3,873,088 shares worth $15,941,913. Corporate insiders own 23.64% of the company’s stock.

Institutional Trading of Innventure

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in INV. PNC Financial Services Group Inc. raised its stake in Innventure by 937.6% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,074,330 shares of the company’s stock worth $14,757,000 after buying an additional 2,778,036 shares during the period. Vanguard Group Inc. raised its position in shares of Innventure by 3.9% during the third quarter. Vanguard Group Inc. now owns 1,528,649 shares of the company’s stock worth $8,851,000 after purchasing an additional 56,764 shares during the period. Abundance Wealth Counselors bought a new position in shares of Innventure in the 2nd quarter worth $3,621,000. Belpointe Asset Management LLC grew its position in Innventure by 276.1% in the 3rd quarter. Belpointe Asset Management LLC now owns 380,918 shares of the company’s stock valued at $2,206,000 after purchasing an additional 279,648 shares during the period. Finally, Geode Capital Management LLC increased its stake in Innventure by 60.1% during the 2nd quarter. Geode Capital Management LLC now owns 312,201 shares of the company’s stock valued at $1,499,000 after purchasing an additional 117,162 shares in the last quarter. 55.98% of the stock is owned by institutional investors.

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.