Stock Traders Buy High Volume of Innventure Call Options (NASDAQ:INV)

Innventure, Inc. (NASDAQ:INV) saw unusually large options trading activity on Thursday. Stock traders purchased 5,002 call options on the company. This is an increase of approximately 144% compared to the average volume of 2,053 call options.

Innventure Trading Down 11.8%

NASDAQ:INV opened at $3.37 on Friday. Innventure has a 52 week low of $2.36 and a 52 week high of $7.86. The firm has a 50-day moving average price of $5.72 and a two-hundred day moving average price of $4.67. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.34 and a current ratio of 1.37. The firm has a market cap of $283.21 million, a price-to-earnings ratio of -1.20 and a beta of 0.39.

Innventure (NASDAQ:INV) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($0.26) EPS for the quarter, topping analysts’ consensus estimates of ($0.36) by $0.10. The business had revenue of ($3.52) million for the quarter, compared to analyst estimates of $1.65 million. Innventure had a negative return on equity of 34.73% and a negative net margin of 5,225.19%. On average, equities analysts expect that Innventure will post -0.9 earnings per share for the current fiscal year.

Insider Activity at Innventure

In related news, Director Daniel J. Hennessy sold 582,139 shares of the business’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. The trade was a 76.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 14.33% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Innventure

Several institutional investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. lifted its stake in Innventure by 16.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 32,924 shares of the company’s stock valued at $138,000 after purchasing an additional 4,638 shares during the last quarter. Yorkville Advisors Global LP bought a new stake in shares of Innventure in the third quarter valued at $43,000. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of Innventure in the fourth quarter valued at $32,000. Essential Partners LLC purchased a new position in shares of Innventure during the 1st quarter valued at $32,000. Finally, WESPAC Advisors LLC purchased a new position in shares of Innventure during the 4th quarter valued at $42,000. Institutional investors own 55.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on INV shares. Weiss Ratings raised shares of Innventure from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, May 7th. Wall Street Zen downgraded shares of Innventure from a “hold” rating to a “sell” rating in a research report on Saturday, July 4th. One analyst has rated the stock with a Sell rating, According to MarketBeat, Innventure presently has a consensus rating of “Sell” and a consensus 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.