Innventure (INV) to Release Quarterly Earnings on Thursday

Innventure (NASDAQ:INV) will likely be releasing its results before the market opens on Thursday, February 12th. Analysts expect Innventure to post earnings of ($0.32) per share for the quarter.

Innventure (NASDAQ:INV) last released its earnings results on Thursday, November 13th. The company reported ($0.51) earnings per share 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 business had revenue of ($5.00) million for the quarter, compared to the consensus estimate of $1.98 million.

Innventure Trading Down 9.1%

Shares of INV opened at $2.98 on Thursday. The business’s fifty day moving average is $4.35 and its 200-day moving average is $4.49. The firm has a market cap of $201.87 million, a price-to-earnings ratio of -1.97 and a beta of 0.09. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.31 and a current ratio of 0.39. Innventure has a 52-week low of $2.36 and a 52-week high of $12.70.

Insider Activity

In other Innventure news, CEO Gregory W. Haskell bought 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 26th. The shares were acquired at an average cost of $5.14 per share, for a total transaction of $51,400.00. Following the transaction, the chief executive officer directly owned 762,115 shares in the company, 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John Stewart Scott sold 452,668 shares of the company’s stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $5.13, for a total transaction of $2,322,186.84. Following the completion of the transaction, the insider owned 1,965,051 shares of the company’s stock, valued at approximately $10,080,711.63. This trade represents a 18.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders acquired 58,786 shares of company stock valued at $244,245 and sold 2,731,703 shares valued at $12,495,241. Company insiders own 23.64% of the company’s stock.

Hedge Funds Weigh In On Innventure

A number of hedge funds have recently modified their holdings of the business. Mariner LLC bought a new stake in shares of Innventure in the third quarter worth $963,000. Geode Capital Management LLC lifted its holdings in Innventure by 60.1% during the 2nd quarter. Geode Capital Management LLC now owns 312,201 shares of the company’s stock worth $1,499,000 after buying an additional 117,162 shares during the period. Cresset Asset Management LLC bought a new stake in shares of Innventure in the 2nd quarter valued at about $354,000. Bridgeway Capital Management LLC bought a new position in shares of Innventure during the third quarter worth about $347,000. Finally, Vanguard Group Inc. boosted its holdings in Innventure by 3.9% in the third quarter. Vanguard Group Inc. now owns 1,528,649 shares of the company’s stock valued at $8,851,000 after acquiring an additional 56,764 shares during the last quarter. Institutional investors and hedge funds own 55.98% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Northland Securities set a $8.00 target price on shares of Innventure in a report on Thursday, January 22nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Innventure in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Innventure currently has a consensus rating of “Moderate Buy” and an average price target of $8.00.

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.