Innventure (NASDAQ:INV) Rating Lowered to “Sell” at Wall Street Zen

Innventure (NASDAQ:INV) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday.

Separately, Weiss Ratings upgraded shares of Innventure from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, May 7th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell” and a consensus target price of $8.00.

Innventure Stock Performance

Shares of Innventure stock opened at $4.82 on Friday. The company’s 50-day moving average price is $6.15 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. Innventure has a 12-month low of $2.36 and a 12-month high of $7.86. The company has a market cap of $405.07 million, a price-to-earnings ratio of -1.71 and a beta of 0.39.

Innventure (NASDAQ:INV) last posted its earnings results on Thursday, May 14th. The company reported ($0.26) earnings per share for the quarter, topping 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 business had revenue of ($3.52) million for the quarter, compared to analyst estimates of $1.65 million. On average, equities analysts expect that Innventure will post -0.9 earnings per share for the current fiscal year.

Insider Buying and Selling at Innventure

In other news, Director Daniel J. Hennessy sold 582,139 shares of the firm’s stock in a transaction 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 sale, the director owned 182,358 shares in the company, valued at approximately $1,006,616.16. This trade represents a 76.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 14.33% of the company’s stock.

Hedge Funds Weigh In On Innventure

Large investors have recently modified their holdings of the company. Goldman Sachs Group Inc. lifted its position in Innventure by 16.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 32,924 shares of the company’s stock worth $138,000 after buying an additional 4,638 shares during the last quarter. Yorkville Advisors Global LP purchased a new position in shares of Innventure during the third quarter worth approximately $43,000. Police & Firemen s Retirement System of New Jersey purchased a new position in shares of Innventure during the fourth quarter worth approximately $32,000. Essential Partners LLC bought a new stake in shares of Innventure in the 1st quarter worth approximately $32,000. Finally, WESPAC Advisors LLC purchased a new stake in shares of Innventure in the 4th quarter valued at $42,000. 55.98% of the stock is owned by hedge funds and other institutional investors.

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.